Hispanic Multi Purpose Service Center Title Holding Co Inc
EIN: 223379425 · Paterson, NJ
| Metric | Value |
|---|---|
| Total Revenue | $581K |
| Total Expenses | $263K |
| Net Assets | $925K |
Is Hispanic Multi Purpose Service Center Title Holding Co Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hispanic Multi Purpose Service Center Title Holding Co Inc
Hispanic Multi Purpose Service Center Title Holding Co Inc (EIN: 223379425) is a nonprofit organization based in Paterson, NJ. The organization reported total revenue of $581K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hispanic Multi Purpose Service Center Title Holding Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hispanic Multi Purpose Service Center Title Holding Co Inc is a small nonprofit that has been operating for 28 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $342K |
| Total Expenses | $263K |
| Surplus / Deficit | +$80K |
| Total Assets | $943K |
| Total Liabilities | $18K |
| Net Assets | $925K |
| Operating Margin | 23.3% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 43.1 months |
Financial Health Grade: A
In 2024, Hispanic Multi Purpose Service Center Title Holding Co Inc reported a surplus of $80K with revenue exceeding expenses, holds 43.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Hispanic Multi Purpose Service Center Title Holding Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +17.8% | -46.8% | +8.2% |
| 2023 | -23.1% | +129.2% | -16.7% |
| 2022 | +95.2% | -72.2% | +18.3% |
| 2021 | -26.8% | +422.7% | -39.6% |
| 2020 | +44.4% | +24.4% | +9.0% |
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 Hispanic Multi Purpose Service Center Title Holding Co 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 Hispanic Multi Purpose Service Center Title Holding Co 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $80K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Frequently Asked Questions about Hispanic Multi Purpose Service Center Title Holding Co Inc
Is Hispanic Multi Purpose Service Center Title Holding Co Inc a legitimate charity?
Hispanic Multi Purpose Service Center Title Holding Co Inc (EIN: 223379425) is a registered tax-exempt nonprofit based in New Jersey. It has 14 years of IRS 990 filings on record. Total revenue: $581K. No red flags identified. Financial health grade: A.
How does Hispanic Multi Purpose Service Center Title Holding Co Inc spend its money?
Hispanic Multi Purpose Service Center Title Holding Co Inc reported $581K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hispanic Multi Purpose Service Center Title Holding Co Inc tax-deductible?
Hispanic Multi Purpose Service Center Title Holding Co Inc is registered as a tax-exempt nonprofit (EIN: 223379425). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hispanic Multi Purpose Service Center Title Holding Co Inc located?
Hispanic Multi Purpose Service Center Title Holding Co Inc is headquartered in Paterson, New Jersey and files with the IRS under EIN 223379425.
How many years of IRS 990 filings does Hispanic Multi Purpose Service Center Title Holding Co Inc have?
Hispanic Multi Purpose Service Center Title Holding Co Inc has 14 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 $581K in total revenue.
Filing History
IRS 990 filing history for Hispanic Multi Purpose Service Center Title Holding Co Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Hispanic Multi Purpose Service Center Title Holding Co Inc's revenue has grown by 113.5%, moving from $160K to $342K. Total assets decreased by 61% over the same period, from $2.4M to $943K. Total functional expenses rose by 58.9%, from $165K to $263K. In its most recent filing year (2024), Hispanic Multi Purpose Service Center Title Holding Co Inc reported a surplus of $80K, with revenue exceeding expenses. The organization holds $18K in liabilities against $943K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $925K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $342K | $263K | $943K | $18K | — | — |
| 2023 | $290K | $494K | $872K | $31K | — | — |
| 2022 | $378K | $215K | $1.0M | $2K | — | View 990 |
| 2021 | $194K | $774K | $885K | $2K | — | — |
| 2020 | $264K | $148K | $1.5M | $931K | — | — |
| 2019 | $183K | $119K | $1.3M | $932K | — | — |
| 2018 | $207K | $218K | $1.2M | $0 | — | View 990 |
| 2017 | $129K | $165K | $1.2M | $929K | — | View 990 |
| 2016 | $189K | $159K | $1.4M | $1.0M | — | View 990 |
| 2015 | $121K | $108K | $1.9M | $1.1M | — | View 990 |
| 2014 | $108K | $76K | $2.4M | $1.0M | — | View 990 |
| 2013 | $105K | $163K | $2.3M | $1.0M | — | View 990 |
| 2012 | $132K | $149K | $2.4M | $1.0M | — | View 990 |
| 2011 | $160K | $165K | $2.4M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $342K, expenses of $263K, and assets of $943K (revenue +17.8% year-over-year).
- 2023: Revenue of $290K, expenses of $494K, and assets of $872K (revenue -23.1% year-over-year).
- 2022: Revenue of $378K, expenses of $215K, and assets of $1.0M (revenue +95.2% year-over-year).
- 2021: Revenue of $194K, expenses of $774K, and assets of $885K (revenue -26.8% year-over-year).
- 2020: Revenue of $264K, expenses of $148K, and assets of $1.5M (revenue +44.4% year-over-year).
- 2019: Revenue of $183K, expenses of $119K, and assets of $1.3M (revenue -11.7% year-over-year).
- 2018: Revenue of $207K, expenses of $218K, and assets of $1.2M (revenue +60.4% year-over-year).
- 2017: Revenue of $129K, expenses of $165K, and assets of $1.2M (revenue -31.7% year-over-year).
- 2016: Revenue of $189K, expenses of $159K, and assets of $1.4M (revenue +55.9% year-over-year).
- 2015: Revenue of $121K, expenses of $108K, and assets of $1.9M (revenue +12.4% year-over-year).
- 2014: Revenue of $108K, expenses of $76K, and assets of $2.4M (revenue +2.9% year-over-year).
- 2013: Revenue of $105K, expenses of $163K, and assets of $2.3M (revenue -20.4% year-over-year).
- 2012: Revenue of $132K, expenses of $149K, and assets of $2.4M (revenue -17.8% year-over-year).
- 2011: Revenue of $160K, expenses of $165K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hispanic Multi Purpose Service Center Title Holding Co Inc:
Data Sources and Methodology
This transparency report for Hispanic Multi Purpose Service Center Title Holding Co 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.