Harbor Homes Iii Inc
Harbor Homes III Inc: Consistent Operations, Limited Growth
EIN: 222537203 · Nashua, NH · NTEE: L21Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $159K |
| Total Expenses | $146K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $60K |
| Transparency Score | 65/100 |
Is Harbor Homes Iii 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 Iii Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harbor Homes Iii Inc
Harbor Homes Iii Inc (EIN: 222537203) is a nonprofit organization based in Nashua, NH, classified under NTEE code L21Z. The organization reported total revenue of $159K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harbor Homes Iii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harbor Homes Iii Inc is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $155K |
| Total Expenses | $146K |
| Surplus / Deficit | +$9K |
| Total Assets | $268K |
| Total Liabilities | $209K |
| Net Assets | $60K |
| Operating Margin | 5.7% |
| Debt-to-Asset Ratio | 77.8% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2023, Harbor Homes Iii Inc reported a surplus of $9K with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 77.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Harbor Homes Iii Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | +10.8% | +12.0% |
| 2022 | +4.2% | +8.6% | -1.0% |
| 2021 | +6.6% | -12.7% | -4.8% |
| 2020 | +3.7% | +6.2% | -3.4% |
| 2019 | -2.7% | +1.2% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Iii Inc with a Mission Score of 65 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Harbor Homes Iii Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 77.8%.
Executive Compensation Analysis
The organization consistently reports $0 in compensation across all available filings, suggesting a volunteer-led structure or that executive compensation is covered by a related entity not detailed in these specific filings.
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 Iii Inc's IRS 990 filings:
- Revenue growth has been minimal over the past several years, with 2023 revenue at $154,735, only slightly above 2017's $138,060.
- The organization consistently reports 0% compensation, which, while potentially positive, can also indicate a lack of transparency if compensation is being paid through a related party or if the organization relies entirely on unpaid labor for key functions.
- Net assets have shown a declining trend from $282,273 in 2017 to $268,432 in 2023, indicating a slow erosion of financial reserves.
Strengths
The following positive indicators were identified for Harbor Homes Iii Inc:
- Consistent operational history spanning at least seven years, demonstrating stability.
- Expenses are consistently below revenue, indicating sound financial management year-over-year.
- Low administrative and fundraising costs are implied by the consistent 0% compensation reporting, suggesting a high proportion of funds go directly to programs.
Frequently Asked Questions about Harbor Homes Iii Inc
Is Harbor Homes Iii Inc a legitimate charity?
Harbor Homes Iii Inc (EIN: 222537203) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $159K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Harbor Homes Iii Inc spend its money?
Harbor Homes Iii Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Harbor Homes Iii Inc tax-deductible?
Harbor Homes Iii Inc is registered as a tax-exempt nonprofit (EIN: 222537203). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harbor Homes Iii Inc CEO make?
Harbor Homes Iii Inc's highest-compensated officer earns $0 annually. The organization reported $159K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Harbor Homes Iii Inc's spending goes to programs?
Harbor Homes Iii Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harbor Homes Iii Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Harbor Homes Iii 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 Iii Inc located?
Harbor Homes Iii Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 222537203. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Harbor Homes Iii Inc have?
Harbor Homes Iii 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 $159K in total revenue.
What does Harbor Homes Iii Inc do?
Harbor Homes Iii Inc is a nonprofit organization in the Housing & Shelter sector, located in Nashua, New Hampshire. It is classified under NTEE code L21Z.
How much revenue does Harbor Homes Iii Inc have?
Harbor Homes Iii Inc reported total revenue of $158,565. Based on 13 IRS 990 filings on record.
What are Harbor Homes Iii Inc's total assets?
Harbor Homes Iii Inc holds total assets of $220,280 as reported in IRS 990 filings.
Where is Harbor Homes Iii Inc located?
Harbor Homes Iii Inc is based in Nashua, New Hampshire.
What is Harbor Homes Iii Inc's EIN?
Harbor Homes Iii Inc's Employer Identification Number (EIN) is 222537203. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Harbor Homes Iii Inc?
Harbor Homes Iii Inc is classified under NTEE code L21Z (Housing & Shelter).
Is Harbor Homes Iii Inc a registered 501(c)(3)?
Yes, Harbor Homes Iii Inc is recognized as a tax-exempt organization by the IRS. EIN: 222537203.
Does Harbor Homes Iii Inc file IRS Form 990?
Yes, Harbor Homes Iii Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Harbor Homes Iii Inc's revenue in 2023?
In the 202306 filing period, Harbor Homes Iii Inc reported total revenue of $154,735, total expenses of $145,962, and net assets of $268,432.
Is Harbor Homes Iii Inc's revenue growing or declining?
Harbor Homes Iii Inc's revenue is relatively stable. Revenue went from $152,527 (202206) to $154,735 (202306), a +1.4% change. Based on 13 filings on record.
What is Harbor Homes Iii Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Harbor Homes Iii Inc covers tax period 202306. It shows revenue of $154,735, expenses of $145,962, total assets of $268,432, and liabilities of $208,777.
How much does Harbor Homes Iii Inc spend on programs vs administration?
Based on IRS 990 analysis, Harbor Homes Iii Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Harbor Homes Iii Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Harbor Homes Iii Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Harbor Homes Iii Inc?
The following concerns were identified: Revenue growth has been minimal over the past several years, with 2023 revenue at $154,735, only slightly above 2017's $138,060.. The organization consistently reports 0% compensation, which, while potentially positive, can also indicate a lack of transparency if compensation is being paid through a related party or if the organization relies entirely on unpaid labor for key functions.. Net assets have shown a declining trend from $282,273 in 2017 to $268,432 in 2023, indicating a slow erosion of financial reserves.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Harbor Homes Iii Inc's strengths?
Positive indicators for Harbor Homes Iii Inc include: Consistent operational history spanning at least seven years, demonstrating stability.. Expenses are consistently below revenue, indicating sound financial management year-over-year.. Low administrative and fundraising costs are implied by the consistent 0% compensation reporting, suggesting a high proportion of funds go directly to programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Harbor Homes Iii Inc compensate executives?
The organization consistently reports $0 in compensation across all available filings, suggesting a volunteer-led structure or that executive compensation is covered by a related entity not detailed in these specific filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation, how does Harbor Homes III Inc sustain its operational leadership and administrative functions?
The consistent $0 compensation reported across all filings suggests the organization is either entirely volunteer-run at the executive level, or executive compensation is handled by a related entity not detailed in these specific financial statements, which would warrant further investigation for complete transparency.
What is the long-term strategy for revenue growth and asset preservation, considering the stagnant revenue and declining net assets over the past seven years?
With revenue hovering around $150,000 and net assets decreasing from $282,273 in 2017 to $268,432 in 2023, the organization appears to be maintaining a stable but not growing operational footprint. A clear strategy for increasing funding or diversifying revenue streams would be beneficial to reverse the trend of declining assets.
Filing History
IRS 990 filing history for Harbor Homes Iii Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harbor Homes Iii Inc's revenue has grown by 23.4%, moving from $125K to $155K. Total assets decreased by 23% over the same period, from $349K to $268K. Total functional expenses rose by 18%, from $124K to $146K. In its most recent filing year (2023), Harbor Homes Iii Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $209K in liabilities against $268K in assets (debt-to-asset ratio: 77.8%), resulting in net assets of $60K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $155K | $146K | $268K | $209K | — | View 990 |
| 2022 | $153K | $132K | $240K | $189K | — | View 990 |
| 2021 | $146K | $121K | $242K | $212K | — | View 990 |
| 2020 | $137K | $139K | $254K | $249K | — | View 990 |
| 2019 | $132K | $131K | $263K | $256K | — | View 990 |
| 2018 | $136K | $129K | $273K | $268K | — | View 990 |
| 2017 | $138K | $124K | $282K | $284K | — | View 990 |
| 2016 | $136K | $128K | $290K | $307K | — | View 990 |
| 2015 | $130K | $133K | $299K | $323K | — | View 990 |
| 2014 | $128K | $130K | $309K | $330K | — | View 990 |
| 2013 | $108K | $131K | $320K | $339K | — | View 990 |
| 2012 | $125K | $117K | $345K | $340K | — | View 990 |
| 2011 | $125K | $124K | $349K | $352K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $155K, expenses of $146K, and assets of $268K (revenue +1.4% year-over-year).
- 2022: Revenue of $153K, expenses of $132K, and assets of $240K (revenue +4.2% year-over-year).
- 2021: Revenue of $146K, expenses of $121K, and assets of $242K (revenue +6.6% year-over-year).
- 2020: Revenue of $137K, expenses of $139K, and assets of $254K (revenue +3.7% year-over-year).
- 2019: Revenue of $132K, expenses of $131K, and assets of $263K (revenue -2.7% year-over-year).
- 2018: Revenue of $136K, expenses of $129K, and assets of $273K (revenue -1.4% year-over-year).
- 2017: Revenue of $138K, expenses of $124K, and assets of $282K (revenue +1.4% year-over-year).
- 2016: Revenue of $136K, expenses of $128K, and assets of $290K (revenue +5.2% year-over-year).
- 2015: Revenue of $130K, expenses of $133K, and assets of $299K (revenue +1.1% year-over-year).
- 2014: Revenue of $128K, expenses of $130K, and assets of $309K (revenue +18.7% year-over-year).
- 2013: Revenue of $108K, expenses of $131K, and assets of $320K (revenue -13.5% year-over-year).
- 2012: Revenue of $125K, expenses of $117K, and assets of $345K (revenue -0.5% year-over-year).
- 2011: Revenue of $125K, expenses of $124K, and assets of $349K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harbor Homes Iii Inc:
Data Sources and Methodology
This transparency report for Harbor Homes Iii 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.