Hedrick Housing Incorporated
EIN: 421070989 · North English, IA
| Metric | Value |
|---|---|
| Total Revenue | $137K |
| Total Expenses | $113K |
| Net Assets | $74K |
Is Hedrick Housing Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hedrick Housing Incorporated
Hedrick Housing Incorporated (EIN: 421070989) is a nonprofit organization based in North English, IA. The organization reported total revenue of $137K and total assets of $376K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hedrick Housing Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hedrick Housing Incorporated is a small nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $134K |
| Total Expenses | $113K |
| Surplus / Deficit | +$21K |
| Total Assets | $405K |
| Total Liabilities | $331K |
| Net Assets | $74K |
| Operating Margin | 15.4% |
| Debt-to-Asset Ratio | 81.7% |
| Months of Reserves | 43.0 months |
Financial Health Grade: A
In 2023, Hedrick Housing Incorporated reported a surplus of $21K with revenue exceeding expenses, holds 43.0 months of operating reserves (strong position), has a debt-to-asset ratio of 81.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hedrick Housing Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.0% | -0.8% | -0.2% |
| 2022 | -12.5% | +3.8% | -1.7% |
| 2021 | -2.9% | +2.3% | -1.0% |
| 2020 | -3.0% | +8.0% | +1.7% |
| 2019 | +6.2% | -22.4% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hedrick Housing Incorporated 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 Hedrick Housing Incorporated 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 81.7%.
Frequently Asked Questions about Hedrick Housing Incorporated
Is Hedrick Housing Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Hedrick Housing Incorporated (EIN: 421070989) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hedrick Housing Incorporated spend its money?
Detailed spending breakdown data is not yet available for Hedrick Housing Incorporated. Check back for updated IRS 990 analysis.
Are donations to Hedrick Housing Incorporated tax-deductible?
Hedrick Housing Incorporated is registered as a tax-exempt nonprofit (EIN: 421070989). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hedrick Housing Incorporated located?
Hedrick Housing Incorporated is headquartered in North English, Iowa and files with the IRS under EIN 421070989.
How many years of IRS 990 filings does Hedrick Housing Incorporated have?
Hedrick Housing Incorporated 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 $137K in total revenue.
Filing History
IRS 990 filing history for Hedrick Housing Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hedrick Housing Incorporated's revenue has declined by 2.5%, moving from $137K to $134K. Total assets decreased by 17.2% over the same period, from $489K to $405K. Total functional expenses fell by 17.6%, from $137K to $113K. In its most recent filing year (2023), Hedrick Housing Incorporated reported a surplus of $21K, with revenue exceeding expenses. The organization holds $331K in liabilities against $405K in assets (debt-to-asset ratio: 81.7%), resulting in net assets of $74K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $134K | $113K | $405K | $331K | — | View 990 |
| 2022 | $128K | $114K | $405K | $352K | — | — |
| 2021 | $147K | $110K | $412K | $374K | — | View 990 |
| 2020 | $151K | $107K | $417K | $415K | — | View 990 |
| 2019 | $156K | $99K | $410K | $452K | — | View 990 |
| 2018 | $147K | $128K | $374K | $473K | — | View 990 |
| 2017 | $131K | $116K | $374K | $491K | — | View 990 |
| 2016 | $120K | $104K | $371K | $504K | — | View 990 |
| 2015 | $105K | $141K | $384K | $532K | — | View 990 |
| 2014 | $117K | $142K | $424K | $535K | — | View 990 |
| 2013 | $137K | $133K | $461K | $548K | — | View 990 |
| 2012 | $134K | $145K | $472K | $563K | — | View 990 |
| 2011 | $137K | $137K | $489K | $570K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $134K, expenses of $113K, and assets of $405K (revenue +4.0% year-over-year).
- 2022: Revenue of $128K, expenses of $114K, and assets of $405K (revenue -12.5% year-over-year).
- 2021: Revenue of $147K, expenses of $110K, and assets of $412K (revenue -2.9% year-over-year).
- 2020: Revenue of $151K, expenses of $107K, and assets of $417K (revenue -3.0% year-over-year).
- 2019: Revenue of $156K, expenses of $99K, and assets of $410K (revenue +6.2% year-over-year).
- 2018: Revenue of $147K, expenses of $128K, and assets of $374K (revenue +11.7% year-over-year).
- 2017: Revenue of $131K, expenses of $116K, and assets of $374K (revenue +9.8% year-over-year).
- 2016: Revenue of $120K, expenses of $104K, and assets of $371K (revenue +14.0% year-over-year).
- 2015: Revenue of $105K, expenses of $141K, and assets of $384K (revenue -10.2% year-over-year).
- 2014: Revenue of $117K, expenses of $142K, and assets of $424K (revenue -14.9% year-over-year).
- 2013: Revenue of $137K, expenses of $133K, and assets of $461K (revenue +2.2% year-over-year).
- 2012: Revenue of $134K, expenses of $145K, and assets of $472K (revenue -1.9% year-over-year).
- 2011: Revenue of $137K, expenses of $137K, and assets of $489K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hedrick Housing Incorporated:
Data Sources and Methodology
This transparency report for Hedrick Housing Incorporated 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.