Harbor Homes Ii Inc
Harbor Homes II Inc. operates with zero officer compensation but carries significant liabilities exceeding assets.
EIN: 20373020 · Nashua, NH · NTEE: L21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $211K |
| Total Expenses | $213K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $-215,228 |
| Transparency Score | 75/100 |
Is Harbor Homes Ii Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harbor Homes Ii Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harbor Homes Ii Inc
Harbor Homes Ii Inc (EIN: 20373020) is a nonprofit organization based in Nashua, NH, classified under NTEE code L21Z. The organization reported total revenue of $211K and total assets of $245K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harbor Homes Ii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harbor Homes Ii Inc is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $215K |
| Total Expenses | $213K |
| Surplus / Deficit | +$2K |
| Total Assets | $261K |
| Total Liabilities | $476K |
| Net Assets | $-215,228 |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 182.5% |
| Months of Reserves | 14.7 months |
Financial Health Grade: A
In 2023, Harbor Homes Ii Inc reported a surplus of $2K with revenue exceeding expenses, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 182.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Harbor Homes Ii Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.9% | -0.4% | -8.6% |
| 2022 | +4.0% | +28.0% | -3.1% |
| 2021 | +0.9% | -0.8% | -4.4% |
| 2020 | +1.0% | +8.7% | -6.6% |
| 2019 | +8.7% | -9.3% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harbor Homes Ii Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Harbor Homes Ii Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 182.5%.
Executive Compensation Analysis
Harbor Homes II Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for an organization of its size with revenues around $200,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Harbor Homes Ii Inc's IRS 990 filings:
- Liabilities consistently exceed assets, indicating a negative net asset position (e.g., 2023: $476,184 liabilities vs. $260,956 assets).
- Declining asset base over the past decade (e.g., $402,557 in 2014 to $260,956 in 2023).
Strengths
The following positive indicators were identified for Harbor Homes Ii Inc:
- Consistent 0% officer compensation across all reported periods, demonstrating strong commitment to mission-focused spending.
- Operational expenses generally align with revenues, indicating sound day-to-day financial management.
- Long filing history (13 filings) suggests consistent compliance and transparency.
Frequently Asked Questions about Harbor Homes Ii Inc
Is Harbor Homes Ii Inc a legitimate charity?
Harbor Homes Ii Inc (EIN: 20373020) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $211K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Harbor Homes Ii Inc spend its money?
Harbor Homes Ii Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Harbor Homes Ii Inc tax-deductible?
Harbor Homes Ii Inc is registered as a tax-exempt nonprofit (EIN: 20373020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harbor Homes Ii Inc CEO make?
Harbor Homes Ii Inc's highest-compensated officer earns $200,000. annually. The organization reported $211K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Harbor Homes Ii Inc's spending goes to programs?
Harbor Homes Ii Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harbor Homes Ii Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Harbor Homes Ii Inc is above average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harbor Homes Ii Inc located?
Harbor Homes Ii Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20373020. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Harbor Homes Ii Inc have?
Harbor Homes Ii Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $211K in total revenue.
Is Harbor Homes II Inc. financially stable long-term?
While the organization's revenues generally cover expenses annually (e.g., $214,631 revenue vs. $212,557 expenses in 2023), its liabilities consistently exceed its assets (e.g., $476,184 liabilities vs. $260,956 assets in 2023), which raises concerns about long-term financial stability and resilience.
How does Harbor Homes II Inc. manage its debt?
The consistent trend of liabilities significantly surpassing assets across all reported periods suggests a reliance on debt or other obligations. Further investigation into the nature of these liabilities (e.g., mortgages, program-related debt) would be necessary to understand their management.
Is Harbor Homes II Inc. efficient with its spending?
The organization appears efficient in its operational spending, with expenses closely matching revenues. The 0% officer compensation is a strong indicator of efficiency, as resources are not diverted to executive salaries.
Filing History
IRS 990 filing history for Harbor Homes Ii Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harbor Homes Ii Inc's revenue has grown by 36.5%, moving from $157K to $215K. Total assets decreased by 43.2% over the same period, from $460K to $261K. Total functional expenses rose by 25%, from $170K to $213K. In its most recent filing year (2023), Harbor Homes Ii Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $476K in liabilities against $261K in assets (debt-to-asset ratio: 182.5%), resulting in net assets of $-215,228.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $215K | $213K | $261K | $476K | — | — |
| 2022 | $181K | $213K | $285K | $503K | — | View 990 |
| 2021 | $174K | $167K | $295K | $479K | — | View 990 |
| 2020 | $172K | $168K | $308K | $500K | — | View 990 |
| 2019 | $170K | $155K | $330K | $525K | — | View 990 |
| 2018 | $157K | $170K | $351K | $562K | — | View 990 |
| 2017 | $168K | $166K | $362K | $559K | — | — |
| 2016 | $168K | $172K | $364K | $563K | — | View 990 |
| 2015 | $171K | $162K | $386K | $582K | — | View 990 |
| 2014 | $166K | $167K | $403K | $607K | — | View 990 |
| 2013 | $164K | $168K | $420K | $622K | — | View 990 |
| 2012 | $162K | $167K | $447K | $645K | — | View 990 |
| 2011 | $157K | $170K | $460K | $653K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $215K, expenses of $213K, and assets of $261K (revenue +18.9% year-over-year).
- 2022: Revenue of $181K, expenses of $213K, and assets of $285K (revenue +4.0% year-over-year).
- 2021: Revenue of $174K, expenses of $167K, and assets of $295K (revenue +0.9% year-over-year).
- 2020: Revenue of $172K, expenses of $168K, and assets of $308K (revenue +1.0% year-over-year).
- 2019: Revenue of $170K, expenses of $155K, and assets of $330K (revenue +8.7% year-over-year).
- 2018: Revenue of $157K, expenses of $170K, and assets of $351K (revenue -6.7% year-over-year).
- 2017: Revenue of $168K, expenses of $166K, and assets of $362K (revenue -0.3% year-over-year).
- 2016: Revenue of $168K, expenses of $172K, and assets of $364K (revenue -1.5% year-over-year).
- 2015: Revenue of $171K, expenses of $162K, and assets of $386K (revenue +3.2% year-over-year).
- 2014: Revenue of $166K, expenses of $167K, and assets of $403K (revenue +0.8% year-over-year).
- 2013: Revenue of $164K, expenses of $168K, and assets of $420K (revenue +1.7% year-over-year).
- 2012: Revenue of $162K, expenses of $167K, and assets of $447K (revenue +2.8% year-over-year).
- 2011: Revenue of $157K, expenses of $170K, and assets of $460K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harbor Homes Ii Inc:
Data Sources and Methodology
This transparency report for Harbor Homes Ii Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.