Holiness Homes Of Vision
Holiness Homes Of Vision consistently operates at a deficit with declining assets and high liabilities.
EIN: 201103652 · Chicago, IL · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Program Spending | 70% |
| Net Assets | $-2,819,612 |
| Transparency Score | 45/100 |
Is Holiness Homes Of Vision Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holiness Homes Of Vision directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Holiness Homes Of Vision
Holiness Homes Of Vision (EIN: 201103652) is a nonprofit organization based in Chicago, IL, classified under NTEE code L22. The organization reported total revenue of $1.0M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holiness Homes Of Vision's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holiness Homes Of Vision is a mid-size nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $951K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-185,446 |
| Total Assets | $5.8M |
| Total Liabilities | $8.6M |
| Net Assets | $-2,819,612 |
| Operating Margin | -19.5% |
| Debt-to-Asset Ratio | 148.4% |
| Months of Reserves | 61.5 months |
Financial Health Grade: C
In 2023, Holiness Homes Of Vision reported a deficit of $185K with expenses exceeding revenue, holds 61.5 months of operating reserves (strong position), has a debt-to-asset ratio of 148.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Holiness Homes Of Vision's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.9% | -2.2% | -3.9% |
| 2022 | +5.7% | +6.4% | -5.2% |
| 2020 | +2.7% | +9.9% | -3.3% |
| 2019 | +7.2% | +4.3% | -1.6% |
| 2018 | +1.4% | +0.8% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Holiness Homes Of Vision with a Mission Score of 45 out of 100 (Fair). 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, Holiness Homes Of Vision allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $185K, with expenses exceeding revenue.
- Debt-to-asset ratio: 148.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization, which is a positive sign for resource allocation.
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 Holiness Homes Of Vision's IRS 990 filings:
- Consistent operational deficits (expenses exceed revenue in all reported periods, e.g., $1,136,761 expenses vs. $951,315 revenue in 2023).
- Declining asset base over time (from $7,527,786 in 2013 to $5,821,831 in 2023).
- High liabilities significantly exceeding assets (e.g., $8,641,443 liabilities vs. $5,821,831 assets in 2023).
- Potential long-term financial instability due to persistent negative net income.
Strengths
The following positive indicators were identified for Holiness Homes Of Vision:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
Frequently Asked Questions about Holiness Homes Of Vision
Is Holiness Homes Of Vision a legitimate charity?
Holiness Homes Of Vision (EIN: 201103652) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 45/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.0M. 4 red flags identified. 1 strength noted. Financial health grade: C.
How does Holiness Homes Of Vision spend its money?
Holiness Homes Of Vision directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Holiness Homes Of Vision tax-deductible?
Holiness Homes Of Vision is registered as a tax-exempt nonprofit (EIN: 201103652). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Holiness Homes Of Vision's spending goes to programs?
Holiness Homes Of Vision directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Holiness Homes Of Vision compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Holiness Homes Of Vision is near average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Holiness Homes Of Vision located?
Holiness Homes Of Vision is headquartered in Chicago, Illinois and files with the IRS under EIN 201103652. It is classified under NTEE code L22.
How many years of IRS 990 filings does Holiness Homes Of Vision have?
Holiness Homes Of Vision has 12 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 $1.0M in total revenue.
Is Holiness Homes Of Vision a good charity?
The organization's consistent operational deficits and high liabilities raise concerns about its financial sustainability, despite reporting 0% officer compensation. Its ability to maintain programs given these financial trends is questionable.
How does Holiness Homes Of Vision cover its consistent operating deficits?
The filings show expenses consistently exceeding revenue. This gap is likely covered by drawing down assets, incurring more liabilities, or through other non-revenue financial activities not fully detailed in the summary data provided.
What is the long-term plan for Holiness Homes Of Vision to address its declining assets and high liabilities?
The provided data does not include strategic plans, but the trend of declining assets (from $7.5M in 2013 to $5.8M in 2023) and persistent liabilities (around $8.6M) suggests a need for a robust financial recovery strategy.
Filing History
IRS 990 filing history for Holiness Homes Of Vision showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Holiness Homes Of Vision's revenue has grown by 55.8%, moving from $610K to $951K. Total assets decreased by 24.3% over the same period, from $7.7M to $5.8M. Total functional expenses fell by 24.6%, from $1.5M to $1.1M. In its most recent filing year (2023), Holiness Homes Of Vision reported a deficit of $185K, with expenses exceeding revenue. The organization holds $8.6M in liabilities against $5.8M in assets (debt-to-asset ratio: 148.4%), resulting in net assets of $-2,819,612.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $951K | $1.1M | $5.8M | $8.6M | — | — |
| 2022 | $943K | $1.2M | $6.1M | $8.7M | — | View 990 |
| 2020 | $892K | $1.1M | $6.4M | $8.6M | — | View 990 |
| 2019 | $868K | $994K | $6.6M | $8.6M | — | View 990 |
| 2018 | $810K | $952K | $6.7M | $8.6M | — | View 990 |
| 2017 | $799K | $945K | $6.8M | $8.6M | — | View 990 |
| 2016 | $791K | $925K | $7.0M | $8.6M | — | View 990 |
| 2015 | $740K | $947K | $7.1M | $8.6M | — | View 990 |
| 2014 | $673K | $830K | $7.3M | $8.6M | — | View 990 |
| 2013 | $674K | $776K | $7.5M | $8.6M | — | View 990 |
| 2012 | $536K | $622K | $7.6M | $8.6M | — | View 990 |
| 2011 | $610K | $1.5M | $7.7M | $8.6M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $951K, expenses of $1.1M, and assets of $5.8M (revenue +0.9% year-over-year).
- 2022: Revenue of $943K, expenses of $1.2M, and assets of $6.1M (revenue +5.7% year-over-year).
- 2020: Revenue of $892K, expenses of $1.1M, and assets of $6.4M (revenue +2.7% year-over-year).
- 2019: Revenue of $868K, expenses of $994K, and assets of $6.6M (revenue +7.2% year-over-year).
- 2018: Revenue of $810K, expenses of $952K, and assets of $6.7M (revenue +1.4% year-over-year).
- 2017: Revenue of $799K, expenses of $945K, and assets of $6.8M (revenue +1.0% year-over-year).
- 2016: Revenue of $791K, expenses of $925K, and assets of $7.0M (revenue +6.9% year-over-year).
- 2015: Revenue of $740K, expenses of $947K, and assets of $7.1M (revenue +10.0% year-over-year).
- 2014: Revenue of $673K, expenses of $830K, and assets of $7.3M (revenue -0.2% year-over-year).
- 2013: Revenue of $674K, expenses of $776K, and assets of $7.5M (revenue +25.7% year-over-year).
- 2012: Revenue of $536K, expenses of $622K, and assets of $7.6M (revenue -12.1% year-over-year).
- 2011: Revenue of $610K, expenses of $1.5M, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holiness Homes Of Vision:
Data Sources and Methodology
This transparency report for Holiness Homes Of Vision 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.