Heritage Home For Women
Heritage Home For Women consistently operates at a deficit, relying on substantial assets to cover expenses.
EIN: 141364573 · Schenectady, NY · Updated: 2026-03-28
Is Heritage Home For Women Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heritage Home For Women directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Heritage Home For Women
Heritage Home For Women (EIN: 141364573) is a nonprofit organization based in Schenectady, NY. The organization reported total revenue of $8.0M and total assets of $15.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Home For Women's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heritage Home For Women 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, Heritage Home For Women allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is a positive sign for minimizing direct leadership overhead.
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 Heritage Home For Women's IRS 990 filings:
- Consistent operational deficits, with expenses frequently exceeding revenue (e.g., $2.1M expenses vs. $1.7M revenue in 2023).
- Significant revenue volatility, such as the drop from $1.7M in 2023 to $411K in 2022, then back up to $1.8M in 2021.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering full spending efficiency analysis.
Strengths
The following positive indicators were identified for Heritage Home For Women:
- Substantial and stable asset base, consistently above $13 million, providing financial stability.
- No reported officer compensation, indicating low direct leadership overhead.
- Long operating history with 10 filings, suggesting established presence and experience.
Frequently Asked Questions about Heritage Home For Women
Is Heritage Home For Women a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Home For Women (EIN: 141364573) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Heritage Home For Women spend its money?
Heritage Home For Women directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heritage Home For Women tax-deductible?
Heritage Home For Women is registered as a tax-exempt nonprofit (EIN: 141364573). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Heritage Home For Women cover its consistent operational deficits?
The organization appears to cover its operational deficits by drawing from its substantial asset base, which has remained between $13 million and $18 million over the past decade, despite annual expenses often exceeding revenues.
What is the detailed breakdown of expenses (program, admin, fundraising)?
The provided IRS 990 data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess spending efficiency in these areas.
Why is officer compensation consistently reported as 0%?
A consistent 0% officer compensation suggests that the organization's executive leadership may be volunteer-based, or their compensation is categorized under other expense lines, which would require further investigation to confirm.
What is the long-term strategy for financial sustainability given recurring deficits?
The recurring deficits suggest a reliance on existing assets. A long-term strategy for financial sustainability would likely involve increasing revenue streams or reducing expenses to achieve a balanced budget, rather than continually drawing down reserves.
Filing History
IRS 990 filing history for Heritage Home For Women showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Heritage Home For Women's revenue has grown by 1.3%, moving from $1.8M to $1.8M. Total assets increased by 14.7% over the same period, from $13.1M to $15.0M. Total functional expenses rose by 35.8%, from $1.6M to $2.1M. In its most recent filing year (2023), Heritage Home For Women reported a deficit of $374K, with expenses exceeding revenue. The organization holds $721K in liabilities against $15.0M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $14.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.1M | $15.0M | $721K | — | View 990 |
| 2022 | $411K | $2.0M | $14.7M | $713K | — | View 990 |
| 2021 | $1.9M | $2.0M | $18.0M | $748K | — | View 990 |
| 2020 | $1.4M | $1.9M | $16.9M | $792K | — | — |
| 2019 | $1.7M | $1.9M | $15.7M | $858K | — | View 990 |
| 2015 | $1.4M | $1.8M | $14.5M | $864K | — | View 990 |
| 2014 | $1.7M | $1.7M | $14.6M | $123K | — | View 990 |
| 2013 | $1.3M | $1.6M | $14.3M | $112K | — | View 990 |
| 2012 | $1.4M | $1.6M | $13.8M | $137K | — | View 990 |
| 2011 | $1.8M | $1.6M | $13.1M | $76K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.1M, and assets of $15.0M (revenue +331.4% year-over-year).
- 2022: Revenue of $411K, expenses of $2.0M, and assets of $14.7M (revenue -77.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.0M, and assets of $18.0M (revenue +37.3% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.9M, and assets of $16.9M (revenue -21.9% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.9M, and assets of $15.7M (revenue +26.7% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.8M, and assets of $14.5M (revenue -19.9% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $14.6M (revenue +26.6% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.6M, and assets of $14.3M (revenue -4.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.6M, and assets of $13.8M (revenue -19.3% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.6M, and assets of $13.1M.
Data Sources and Methodology
This transparency report for Heritage Home For Women 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.