Heartland Residence Inc
EIN: 581674298 · Johnson City, TN · NTEE: P73Z
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $59K |
| Net Assets | $-10,865 |
Is Heartland Residence Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heartland Residence Inc
Heartland Residence Inc (EIN: 581674298) is a nonprofit organization based in Johnson City, TN, classified under NTEE code P73Z. The organization reported total revenue of $75K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartland Residence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heartland Residence Inc is a micro nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $78K |
| Total Expenses | $59K |
| Surplus / Deficit | +$19K |
| Total Assets | $56K |
| Total Liabilities | $66K |
| Net Assets | $-10,865 |
| Operating Margin | 24.7% |
| Debt-to-Asset Ratio | 119.6% |
| Months of Reserves | 11.4 months |
Financial Health Grade: A
In 2024, Heartland Residence Inc reported a surplus of $19K with revenue exceeding expenses, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 119.6% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Heartland Residence Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +6.6% | +3.4% | +16.3% |
| 2023 | -3.5% | -9.4% | +15.0% |
| 2022 | +1.1% | +1.8% | +5.7% |
| 2021 | +45.5% | +63.5% | +14.2% |
| 2020 | -25.2% | -34.7% | -7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heartland Residence Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heartland Residence Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 119.6%.
Frequently Asked Questions about Heartland Residence Inc
Is Heartland Residence Inc a legitimate charity?
Heartland Residence Inc (EIN: 581674298) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $75K. No red flags identified. Financial health grade: A.
How does Heartland Residence Inc spend its money?
Heartland Residence Inc reported $75K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heartland Residence Inc tax-deductible?
Heartland Residence Inc is registered as a tax-exempt nonprofit (EIN: 581674298). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heartland Residence Inc located?
Heartland Residence Inc is headquartered in Johnson City, Tennessee and files with the IRS under EIN 581674298. It is classified under NTEE code P73Z.
How many years of IRS 990 filings does Heartland Residence Inc have?
Heartland Residence 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 $75K in total revenue.
Filing History
IRS 990 filing history for Heartland Residence Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Heartland Residence Inc's revenue has grown by 35.2%, moving from $58K to $78K. Total assets decreased by 26.8% over the same period, from $76K to $56K. Total functional expenses rose by 4.1%, from $56K to $59K. In its most recent filing year (2024), Heartland Residence Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $66K in liabilities against $56K in assets (debt-to-asset ratio: 119.6%), resulting in net assets of $-10,865.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $78K | $59K | $56K | $66K | — | — |
| 2023 | $73K | $57K | $48K | $78K | — | View 990 |
| 2022 | $76K | $63K | $42K | $88K | — | — |
| 2021 | $75K | $61K | $39K | $99K | — | — |
| 2020 | $51K | $38K | $34K | $107K | — | View 990 |
| 2019 | $69K | $57K | $37K | $124K | — | View 990 |
| 2018 | $47K | $50K | $36K | $133K | — | View 990 |
| 2017 | $58K | $52K | $36K | $140K | — | View 990 |
| 2016 | $64K | $58K | $39K | $147K | — | View 990 |
| 2015 | $63K | $54K | $46K | $154K | — | View 990 |
| 2014 | $58K | $59K | $53K | $161K | — | View 990 |
| 2013 | $57K | $63K | $69K | $167K | — | View 990 |
| 2012 | $58K | $56K | $76K | $213K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $78K, expenses of $59K, and assets of $56K (revenue +6.6% year-over-year).
- 2023: Revenue of $73K, expenses of $57K, and assets of $48K (revenue -3.5% year-over-year).
- 2022: Revenue of $76K, expenses of $63K, and assets of $42K (revenue +1.1% year-over-year).
- 2021: Revenue of $75K, expenses of $61K, and assets of $39K (revenue +45.5% year-over-year).
- 2020: Revenue of $51K, expenses of $38K, and assets of $34K (revenue -25.2% year-over-year).
- 2019: Revenue of $69K, expenses of $57K, and assets of $37K (revenue +45.8% year-over-year).
- 2018: Revenue of $47K, expenses of $50K, and assets of $36K (revenue -19.2% year-over-year).
- 2017: Revenue of $58K, expenses of $52K, and assets of $36K (revenue -9.4% year-over-year).
- 2016: Revenue of $64K, expenses of $58K, and assets of $39K (revenue +3.0% year-over-year).
- 2015: Revenue of $63K, expenses of $54K, and assets of $46K (revenue +7.1% year-over-year).
- 2014: Revenue of $58K, expenses of $59K, and assets of $53K (revenue +3.1% year-over-year).
- 2013: Revenue of $57K, expenses of $63K, and assets of $69K (revenue -1.6% year-over-year).
- 2012: Revenue of $58K, expenses of $56K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heartland Residence Inc:
Data Sources and Methodology
This transparency report for Heartland Residence 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.