Heritage Communities Foundation
EIN: 831714821 · Omaha, NE · NTEE: P60
| Metric | Value |
|---|---|
| Total Expenses | $26K |
| Net Assets | $37K |
Is Heritage Communities Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heritage Communities Foundation
Heritage Communities Foundation (EIN: 831714821) is a nonprofit organization based in Omaha, NE, classified under NTEE code P60. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Communities Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Communities Foundation is a micro nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -24.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $26K |
| Surplus / Deficit | $-3,078 |
| Total Assets | $38K |
| Total Liabilities | $273 |
| Net Assets | $37K |
| Operating Margin | -13.2% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 17.2 months |
Financial Health Grade: B
In 2023, Heritage Communities Foundation reported a deficit of $3K with expenses exceeding revenue, holds 17.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Heritage Communities Foundation's revenue has declined at a compound annual growth rate (CAGR) of -24.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.5% | -20.9% | -6.9% |
| 2022 | +65.4% | +18.8% | +112.0% |
| 2021 | -38.3% | -29.1% | +35.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heritage Communities Foundation 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 Heritage Communities Foundation 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 deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Heritage Communities Foundation
Is Heritage Communities Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Communities Foundation (EIN: 831714821) insufficient data. 0 red flags identified, 0 strengths noted.
How does Heritage Communities Foundation spend its money?
Detailed spending breakdown data is not yet available for Heritage Communities Foundation. Check back for updated IRS 990 analysis.
Are donations to Heritage Communities Foundation tax-deductible?
Heritage Communities Foundation is registered as a tax-exempt nonprofit (EIN: 831714821). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heritage Communities Foundation located?
Heritage Communities Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 831714821. It is classified under NTEE code P60.
How many years of IRS 990 filings does Heritage Communities Foundation have?
Heritage Communities Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Heritage Communities Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Heritage Communities Foundation's revenue has declined by 56.6%, moving from $54K to $23K. Total assets increased by 168.2% over the same period, from $14K to $38K. Total functional expenses fell by 33.4%, from $40K to $26K. In its most recent filing year (2023), Heritage Communities Foundation reported a deficit of $3K, with expenses exceeding revenue. The organization holds $273 in liabilities against $38K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $37K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $26K | $38K | $273 | — | — |
| 2022 | $55K | $33K | $41K | $0 | — | — |
| 2021 | $33K | $28K | $19K | $0 | — | — |
| 2020 | $54K | $40K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $26K, and assets of $38K (revenue -57.5% year-over-year).
- 2022: Revenue of $55K, expenses of $33K, and assets of $41K (revenue +65.4% year-over-year).
- 2021: Revenue of $33K, expenses of $28K, and assets of $19K (revenue -38.3% year-over-year).
- 2020: Revenue of $54K, expenses of $40K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Communities Foundation:
Data Sources and Methodology
This transparency report for Heritage Communities Foundation 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.