Home Attendant Service Of Hyde Park Inc
Home Attendant Service Of Hyde Park Inc faces significant revenue decline and operating deficit in latest fiscal year.
EIN: 112522076 · Brooklyn, NY · NTEE: E920 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.5M |
| Total Expenses | $12.2M |
| Program Spending | 85% |
| Net Assets | $4.0M |
| Transparency Score | 70/100 |
Is Home Attendant Service Of Hyde Park Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Home Attendant Service Of Hyde Park Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Home Attendant Service Of Hyde Park Inc
Home Attendant Service Of Hyde Park Inc (EIN: 112522076) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code E920. The organization reported total revenue of $10.5M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Attendant Service Of Hyde Park Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home Attendant Service Of Hyde Park Inc is a large nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.5M |
| Total Expenses | $12.2M |
| Surplus / Deficit | $-1,717,144 |
| Total Assets | $8.8M |
| Total Liabilities | $4.8M |
| Net Assets | $4.0M |
| Operating Margin | -16.4% |
| Debt-to-Asset Ratio | 54.3% |
| Months of Reserves | 8.6 months |
Financial Health Grade: C
In 2023, Home Attendant Service Of Hyde Park Inc reported a deficit of $1.7M with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 54.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Home Attendant Service Of Hyde Park Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -66.9% | -61.2% | -17.1% |
| 2022 | -2.7% | -4.6% | -34.3% |
| 2021 | -5.6% | -5.0% | +0.9% |
| 2020 | -2.5% | -1.8% | +69.8% |
| 2019 | +10.3% | +10.3% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Home Attendant Service Of Hyde Park Inc with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Home Attendant Service Of Hyde Park Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly favorable for donor confidence and suggests resources are directed towards programs.
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 Home Attendant Service Of Hyde Park Inc's IRS 990 filings:
- Significant revenue decline of over $21 million in the latest fiscal year (202306)
- Operating deficit of $1,717,144 in the 202306 period (Expenses $12,216,045 vs. Revenue $10,498,901)
- Decrease in total assets from $16,110,375 in 202106 to $8,772,695 in 202306
Strengths
The following positive indicators were identified for Home Attendant Service Of Hyde Park Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial transparency and mission focus.
- Historically strong revenue generation, consistently above $24 million for many years prior to 2023.
- Maintains substantial assets ($8,772,695 in 202306) despite recent financial challenges.
Frequently Asked Questions about Home Attendant Service Of Hyde Park Inc
Is Home Attendant Service Of Hyde Park Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Home Attendant Service Of Hyde Park Inc (EIN: 112522076) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Home Attendant Service Of Hyde Park Inc spend its money?
Home Attendant Service Of Hyde Park Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Home Attendant Service Of Hyde Park Inc tax-deductible?
Home Attendant Service Of Hyde Park Inc is registered as a tax-exempt nonprofit (EIN: 112522076). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Home Attendant Service Of Hyde Park Inc's spending goes to programs?
Home Attendant Service Of Hyde Park Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Home Attendant Service Of Hyde Park Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Home Attendant Service Of Hyde Park Inc is above average for NTEE category E920 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Home Attendant Service Of Hyde Park Inc located?
Home Attendant Service Of Hyde Park Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112522076. It is classified under NTEE code E920.
How many years of IRS 990 filings does Home Attendant Service Of Hyde Park Inc have?
Home Attendant Service Of Hyde Park 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 $10.5M in total revenue.
Why did Home Attendant Service Of Hyde Park Inc's revenue drop from $31,741,412 in 202206 to $10,498,901 in 202306?
The provided data shows a sharp decline in revenue by over $21 million between the 202206 and 202306 fiscal periods. This significant reduction would require further investigation into the organization's operations, funding sources, and any potential changes in service delivery or contracts.
Is the organization financially stable given the recent operating deficit?
In the 202306 period, the organization reported expenses of $12,216,045 against revenues of $10,498,901, resulting in an operating deficit of $1,717,144. While the organization still holds $8,772,695 in assets, a sustained deficit could impact its long-term financial stability and ability to deliver services.
How does the organization manage without paying officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles may be filled by volunteers, or compensation for these roles is categorized differently within the expense structure, or the organization operates with a highly lean administrative model. This practice is unusual for an organization of its size and revenue history and typically indicates a strong commitment to directing funds to direct services.
Filing History
IRS 990 filing history for Home Attendant Service Of Hyde Park Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Home Attendant Service Of Hyde Park Inc's revenue has declined by 62.1%, moving from $27.7M to $10.5M. Total assets increased by 7.7% over the same period, from $8.1M to $8.8M. Total functional expenses fell by 54.9%, from $27.1M to $12.2M. In its most recent filing year (2023), Home Attendant Service Of Hyde Park Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $4.8M in liabilities against $8.8M in assets (debt-to-asset ratio: 54.3%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.5M | $12.2M | $8.8M | $4.8M | — | — |
| 2022 | $31.7M | $31.5M | $10.6M | $4.8M | — | View 990 |
| 2021 | $32.6M | $33.0M | $16.1M | $10.6M | — | View 990 |
| 2020 | $34.6M | $34.7M | $16.0M | $10.1M | — | — |
| 2019 | $35.4M | $35.4M | $9.4M | $3.4M | — | View 990 |
| 2018 | $32.1M | $32.1M | $9.8M | $3.8M | — | View 990 |
| 2017 | $29.9M | $29.5M | $9.2M | $3.3M | — | View 990 |
| 2016 | $29.1M | $28.8M | $9.1M | $3.1M | — | View 990 |
| 2015 | $26.4M | $21.8M | $8.6M | $1.2M | — | View 990 |
| 2014 | $24.3M | $23.4M | $6.1M | $2.8M | — | View 990 |
| 2013 | $26.6M | $25.8M | $6.8M | $3.4M | — | View 990 |
| 2012 | $28.1M | $27.4M | $7.1M | $2.3M | — | View 990 |
| 2011 | $27.7M | $27.1M | $8.1M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.5M, expenses of $12.2M, and assets of $8.8M (revenue -66.9% year-over-year).
- 2022: Revenue of $31.7M, expenses of $31.5M, and assets of $10.6M (revenue -2.7% year-over-year).
- 2021: Revenue of $32.6M, expenses of $33.0M, and assets of $16.1M (revenue -5.6% year-over-year).
- 2020: Revenue of $34.6M, expenses of $34.7M, and assets of $16.0M (revenue -2.5% year-over-year).
- 2019: Revenue of $35.4M, expenses of $35.4M, and assets of $9.4M (revenue +10.3% year-over-year).
- 2018: Revenue of $32.1M, expenses of $32.1M, and assets of $9.8M (revenue +7.3% year-over-year).
- 2017: Revenue of $29.9M, expenses of $29.5M, and assets of $9.2M (revenue +2.9% year-over-year).
- 2016: Revenue of $29.1M, expenses of $28.8M, and assets of $9.1M (revenue +10.3% year-over-year).
- 2015: Revenue of $26.4M, expenses of $21.8M, and assets of $8.6M (revenue +8.7% year-over-year).
- 2014: Revenue of $24.3M, expenses of $23.4M, and assets of $6.1M (revenue -8.8% year-over-year).
- 2013: Revenue of $26.6M, expenses of $25.8M, and assets of $6.8M (revenue -5.3% year-over-year).
- 2012: Revenue of $28.1M, expenses of $27.4M, and assets of $7.1M (revenue +1.3% year-over-year).
- 2011: Revenue of $27.7M, expenses of $27.1M, and assets of $8.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home Attendant Service Of Hyde Park Inc:
Data Sources and Methodology
This transparency report for Home Attendant Service Of Hyde Park 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.