Heritage Manor Inc
EIN: 411874880 · New York Mills, MN · NTEE: P75
| Metric | Value |
|---|---|
| Total Revenue | $157K |
| Total Expenses | $180K |
| Net Assets | $652K |
Is Heritage Manor Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heritage Manor Inc
Heritage Manor Inc (EIN: 411874880) is a nonprofit organization based in New York Mills, MN, classified under NTEE code P75. The organization reported total revenue of $157K and total assets of $677K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Manor Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Manor Inc is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $168K |
| Total Expenses | $180K |
| Surplus / Deficit | $-12,841 |
| Total Assets | $705K |
| Total Liabilities | $53K |
| Net Assets | $652K |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 46.9 months |
Financial Health Grade: B
In 2023, Heritage Manor Inc reported a deficit of $13K with expenses exceeding revenue, holds 46.9 months of operating reserves (strong position), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Heritage Manor Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.7% | -3.4% | -2.7% |
| 2022 | +11.6% | +20.0% | -3.0% |
| 2021 | +2.4% | -1.2% | -2.4% |
| 2020 | -5.3% | +1.1% | -2.4% |
| 2019 | +18.4% | +5.4% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heritage Manor 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 Heritage Manor 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.6%.
Frequently Asked Questions about Heritage Manor Inc
Is Heritage Manor Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Manor Inc (EIN: 411874880) insufficient data. 0 red flags identified, 0 strengths noted.
How does Heritage Manor Inc spend its money?
Detailed spending breakdown data is not yet available for Heritage Manor Inc. Check back for updated IRS 990 analysis.
Are donations to Heritage Manor Inc tax-deductible?
Heritage Manor Inc is registered as a tax-exempt nonprofit (EIN: 411874880). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heritage Manor Inc located?
Heritage Manor Inc is headquartered in New York Mills, Minnesota and files with the IRS under EIN 411874880. It is classified under NTEE code P75.
How many years of IRS 990 filings does Heritage Manor Inc have?
Heritage Manor 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 $157K in total revenue.
Filing History
IRS 990 filing history for Heritage Manor Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heritage Manor Inc's revenue has grown by 85.7%, moving from $90K to $168K. Total assets decreased by 30.8% over the same period, from $1.0M to $705K. Total functional expenses rose by 32.1%, from $137K to $180K. In its most recent filing year (2023), Heritage Manor Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $53K in liabilities against $705K in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $652K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $168K | $180K | $705K | $53K | — | View 990 |
| 2022 | $160K | $187K | $725K | $60K | — | View 990 |
| 2021 | $143K | $156K | $747K | $56K | — | — |
| 2020 | $140K | $157K | $765K | $62K | — | View 990 |
| 2019 | $148K | $156K | $784K | $63K | — | View 990 |
| 2018 | $125K | $148K | $791K | $62K | — | View 990 |
| 2017 | $105K | $151K | $827K | $75K | — | View 990 |
| 2016 | $94K | $137K | $857K | $60K | — | View 990 |
| 2015 | $90K | $135K | $890K | $49K | — | View 990 |
| 2014 | $107K | $144K | $920K | $33K | — | View 990 |
| 2013 | $108K | $137K | $953K | $30K | — | View 990 |
| 2012 | $98K | $133K | $986K | $34K | — | View 990 |
| 2011 | $90K | $137K | $1.0M | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $168K, expenses of $180K, and assets of $705K (revenue +4.7% year-over-year).
- 2022: Revenue of $160K, expenses of $187K, and assets of $725K (revenue +11.6% year-over-year).
- 2021: Revenue of $143K, expenses of $156K, and assets of $747K (revenue +2.4% year-over-year).
- 2020: Revenue of $140K, expenses of $157K, and assets of $765K (revenue -5.3% year-over-year).
- 2019: Revenue of $148K, expenses of $156K, and assets of $784K (revenue +18.4% year-over-year).
- 2018: Revenue of $125K, expenses of $148K, and assets of $791K (revenue +19.0% year-over-year).
- 2017: Revenue of $105K, expenses of $151K, and assets of $827K (revenue +11.8% year-over-year).
- 2016: Revenue of $94K, expenses of $137K, and assets of $857K (revenue +4.5% year-over-year).
- 2015: Revenue of $90K, expenses of $135K, and assets of $890K (revenue -16.0% year-over-year).
- 2014: Revenue of $107K, expenses of $144K, and assets of $920K (revenue -0.9% year-over-year).
- 2013: Revenue of $108K, expenses of $137K, and assets of $953K (revenue +10.5% year-over-year).
- 2012: Revenue of $98K, expenses of $133K, and assets of $986K (revenue +8.1% year-over-year).
- 2011: Revenue of $90K, expenses of $137K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Manor Inc:
Data Sources and Methodology
This transparency report for Heritage Manor 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.