Hd Holding Corporation
Hd Holding Corporation: Strong Asset Base, Inconsistent Revenue
EIN: 222948683 · Manchester, CT · Updated: 2026-04-04
Is Hd Holding Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hd Holding Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hd Holding Corporation
Hd Holding Corporation (EIN: 222948683) is a nonprofit organization based in Manchester, CT. The organization reported total revenue of $21.4M and total assets of $47.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hd Holding Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hd Holding Corporation is a large nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -521.4% | -100.0% | +5.5% |
| 2022 | -85.9% | -40.9% | -15.1% |
| 2021 | +329.7% | -66.4% | +26.6% |
| 2020 | -15.4% | -51.1% | -16.2% |
| 2019 | +10.8% | +88.6% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Hd Holding Corporation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hd Holding Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided financial data.
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 Hd Holding Corporation's IRS 990 filings:
- Significant fluctuations in reported revenue, from $0 in 2016 to $21,351,016 in 2023, without clear explanations.
- Lack of detailed program descriptions or impact reports to justify the allocation of funds.
- The 'x' value (expenses) shows considerable variance, from $644 in 2016 to $519,798 in 2019, without corresponding revenue consistency.
Strengths
The following positive indicators were identified for Hd Holding Corporation:
- Consistently strong asset base, reaching $47,092,902 in 2023, suggesting financial stability.
- Regular filing of financial statements demonstrates adherence to reporting requirements.
- The organization has maintained a low liability-to-asset ratio, indicating good financial health.
Frequently Asked Questions about Hd Holding Corporation
Is Hd Holding Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hd Holding Corporation (EIN: 222948683) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Hd Holding Corporation spend its money?
Hd Holding Corporation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hd Holding Corporation tax-deductible?
Hd Holding Corporation is registered as a tax-exempt nonprofit (EIN: 222948683). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Hd Holding Corporation do?
Hd Holding Corporation is a nonprofit organization in the Unknown sector, located in Manchester, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Hd Holding Corporation have?
Hd Holding Corporation reported total revenue of $21,351,016. Based on 13 IRS 990 filings on record.
What are Hd Holding Corporation's total assets?
Hd Holding Corporation holds total assets of $47,092,902 as reported in IRS 990 filings.
Where is Hd Holding Corporation located?
Hd Holding Corporation is based in Manchester, Connecticut.
What is Hd Holding Corporation's EIN?
Hd Holding Corporation's Employer Identification Number (EIN) is 222948683. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hd Holding Corporation?
Hd Holding Corporation is classified under NTEE code Unknown (Unknown).
Is Hd Holding Corporation a registered 501(c)(3)?
Hd Holding Corporation appears in IRS records (EIN: 222948683). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Hd Holding Corporation file IRS Form 990?
Yes, Hd Holding Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Hd Holding Corporation's revenue in 2023?
In the 202306 filing period, Hd Holding Corporation reported total revenue of $-4,229,977, total expenses of N/A, and net assets of $42,473,005.
Is Hd Holding Corporation's revenue growing or declining?
Hd Holding Corporation's revenue is declining. Revenue went from $1,003,872 (202206) to $-4,229,977 (202306), a -521.4% change. Based on 13 filings on record.
What is Hd Holding Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Hd Holding Corporation covers tax period 202306. It shows revenue of $-4,229,977, expenses of N/A, total assets of $42,473,005, and liabilities of $29,733.
How much does Hd Holding Corporation spend on programs vs administration?
Based on IRS 990 analysis, Hd Holding Corporation allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Hd Holding Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Hd Holding Corporation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Hd Holding Corporation?
The following concerns were identified: Significant fluctuations in reported revenue, from $0 in 2016 to $21,351,016 in 2023, without clear explanations.. Lack of detailed program descriptions or impact reports to justify the allocation of funds.. The 'x' value (expenses) shows considerable variance, from $644 in 2016 to $519,798 in 2019, without corresponding revenue consistency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hd Holding Corporation's strengths?
Positive indicators for Hd Holding Corporation include: Consistently strong asset base, reaching $47,092,902 in 2023, suggesting financial stability.. Regular filing of financial statements demonstrates adherence to reporting requirements.. The organization has maintained a low liability-to-asset ratio, indicating good financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Hd Holding Corporation compensate executives?
Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial and fluctuating revenue figures, what are the primary sources of income for Hd Holding Corporation, and how are these revenue streams diversified to mitigate risk?
The provided data only shows total revenue, not its sources. Understanding the diversification of revenue streams is crucial for assessing the organization's long-term financial resilience, especially given the wide range of reported revenues over the years.
With a significant asset base, what is the organization's strategy for leveraging these assets to further its mission, and are there any plans for capital expenditures or endowment growth?
The filings indicate a strong asset base, but there's no information on how these assets are actively utilized or managed to achieve programmatic goals. A clear strategy for asset deployment would provide insight into the organization's future impact.
Filing History
IRS 990 filing history for Hd Holding Corporation showing financial trends over 13 years of public records:
Total assets increased by 827188.8% over the same period, from $5K to $42.5M. Total functional expenses fell by 100%, from $77K to $0. The organization holds $30K in liabilities against $42.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $42.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-4,229,977 | $0 | $42.5M | $30K | — | — |
| 2022 | $1.0M | $50K | $40.3M | $30K | — | View 990 |
| 2021 | $7.1M | $85K | $47.4M | $33K | — | — |
| 2020 | $1.7M | $254K | $37.5M | $27K | — | — |
| 2019 | $2.0M | $520K | $44.7M | $7.9M | — | View 990 |
| 2018 | $1.8M | $276K | $43.2M | $7.9M | — | View 990 |
| 2017 | $32K | $32K | $5K | $3K | — | View 990 |
| 2016 | $0 | $644 | $3K | $1K | — | View 990 |
| 2015 | $0 | $2K | $3K | $500 | — | View 990 |
| 2014 | $7K | $5K | $7K | $3K | — | View 990 |
| 2013 | $0 | $2K | $5K | $3K | — | View 990 |
| 2012 | $0 | $554 | $5K | $1K | — | View 990 |
| 2011 | $0 | $77K | $5K | $500 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-4,229,977, expenses of $0, and assets of $42.5M (revenue -521.4% year-over-year).
- 2022: Revenue of $1.0M, expenses of $50K, and assets of $40.3M (revenue -85.9% year-over-year).
- 2021: Revenue of $7.1M, expenses of $85K, and assets of $47.4M (revenue +329.7% year-over-year).
- 2020: Revenue of $1.7M, expenses of $254K, and assets of $37.5M (revenue -15.4% year-over-year).
- 2019: Revenue of $2.0M, expenses of $520K, and assets of $44.7M (revenue +10.8% year-over-year).
- 2018: Revenue of $1.8M, expenses of $276K, and assets of $43.2M (revenue +5438.9% year-over-year).
- 2017: Revenue of $32K, expenses of $32K, and assets of $5K.
- 2016: Revenue of $0, expenses of $644, and assets of $3K.
- 2015: Revenue of $0, expenses of $2K, and assets of $3K (revenue -100.0% year-over-year).
- 2014: Revenue of $7K, expenses of $5K, and assets of $7K.
- 2013: Revenue of $0, expenses of $2K, and assets of $5K.
- 2012: Revenue of $0, expenses of $554, and assets of $5K.
- 2011: Revenue of $0, expenses of $77K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hd Holding Corporation:
Data Sources and Methodology
This transparency report for Hd Holding Corporation 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.