Hiawatha Homes Foundation
EIN: 411453827 · Rochester, MN · NTEE: F33J
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $1.8M |
| Net Assets | $8.9M |
Is Hiawatha Homes Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hiawatha Homes Foundation
Hiawatha Homes Foundation (EIN: 411453827) is a nonprofit organization based in Rochester, MN, classified under NTEE code F33J. The organization reported total revenue of $2.8M and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hiawatha Homes Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hiawatha Homes Foundation is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-150,563 |
| Total Assets | $9.1M |
| Total Liabilities | $177K |
| Net Assets | $8.9M |
| Operating Margin | -9.3% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 61.6 months |
Financial Health Grade: B
In 2023, Hiawatha Homes Foundation reported a deficit of $151K with expenses exceeding revenue, holds 61.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hiawatha Homes Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +74.8% | +89.0% | +4.0% |
| 2022 | -35.0% | +32.0% | -8.7% |
| 2021 | -19.9% | -6.0% | +6.5% |
| 2020 | +84.3% | -12.7% | +0.4% |
| 2019 | +5.4% | -29.3% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hiawatha Homes 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 Hiawatha Homes 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 $151K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Frequently Asked Questions about Hiawatha Homes Foundation
Is Hiawatha Homes Foundation a legitimate charity?
Hiawatha Homes Foundation (EIN: 411453827) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. No red flags identified. Financial health grade: B.
How does Hiawatha Homes Foundation spend its money?
Hiawatha Homes Foundation reported $2.8M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hiawatha Homes Foundation tax-deductible?
Hiawatha Homes Foundation is registered as a tax-exempt nonprofit (EIN: 411453827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hiawatha Homes Foundation located?
Hiawatha Homes Foundation is headquartered in Rochester, Minnesota and files with the IRS under EIN 411453827. It is classified under NTEE code F33J.
How many years of IRS 990 filings does Hiawatha Homes Foundation have?
Hiawatha Homes Foundation 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 $2.8M in total revenue.
Filing History
IRS 990 filing history for Hiawatha Homes Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hiawatha Homes Foundation's revenue has grown by 67.1%, moving from $969K to $1.6M. Total assets increased by 30.6% over the same period, from $7.0M to $9.1M. Total functional expenses rose by 214.1%, from $563K to $1.8M. In its most recent filing year (2023), Hiawatha Homes Foundation reported a deficit of $151K, with expenses exceeding revenue. The organization holds $177K in liabilities against $9.1M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $8.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.8M | $9.1M | $177K | — | — |
| 2022 | $926K | $936K | $8.7M | $49K | — | View 990 |
| 2021 | $1.4M | $709K | $9.6M | $64K | — | View 990 |
| 2020 | $1.8M | $754K | $9.0M | $71K | — | — |
| 2019 | $966K | $864K | $8.9M | $263K | — | View 990 |
| 2018 | $916K | $1.2M | $8.7M | $591K | — | View 990 |
| 2017 | $1.1M | $928K | $9.4M | $646K | — | View 990 |
| 2016 | $1.2M | $845K | $9.0M | $723K | — | View 990 |
| 2015 | $1.2M | $708K | $8.8M | $886K | — | View 990 |
| 2014 | $1.1M | $643K | $8.0M | $495K | — | View 990 |
| 2013 | $1.0M | $580K | $7.7M | $642K | — | View 990 |
| 2012 | $998K | $561K | $7.1M | $742K | — | View 990 |
| 2011 | $969K | $563K | $7.0M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.8M, and assets of $9.1M (revenue +74.8% year-over-year).
- 2022: Revenue of $926K, expenses of $936K, and assets of $8.7M (revenue -35.0% year-over-year).
- 2021: Revenue of $1.4M, expenses of $709K, and assets of $9.6M (revenue -19.9% year-over-year).
- 2020: Revenue of $1.8M, expenses of $754K, and assets of $9.0M (revenue +84.3% year-over-year).
- 2019: Revenue of $966K, expenses of $864K, and assets of $8.9M (revenue +5.4% year-over-year).
- 2018: Revenue of $916K, expenses of $1.2M, and assets of $8.7M (revenue -18.0% year-over-year).
- 2017: Revenue of $1.1M, expenses of $928K, and assets of $9.4M (revenue -9.1% year-over-year).
- 2016: Revenue of $1.2M, expenses of $845K, and assets of $9.0M (revenue +4.9% year-over-year).
- 2015: Revenue of $1.2M, expenses of $708K, and assets of $8.8M (revenue +9.9% year-over-year).
- 2014: Revenue of $1.1M, expenses of $643K, and assets of $8.0M (revenue +3.1% year-over-year).
- 2013: Revenue of $1.0M, expenses of $580K, and assets of $7.7M (revenue +3.7% year-over-year).
- 2012: Revenue of $998K, expenses of $561K, and assets of $7.1M (revenue +3.0% year-over-year).
- 2011: Revenue of $969K, expenses of $563K, and assets of $7.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hiawatha Homes Foundation:
Data Sources and Methodology
This transparency report for Hiawatha Homes 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.