Home & Building Association Of Greater Grand Rapids
EIN: 381625006 · Grand Rapids, MI
| Metric | Value |
|---|---|
| Total Revenue | $597K |
| Total Expenses | $542K |
| Net Assets | $517K |
Is Home & Building Association Of Greater Grand Rapids Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Home & Building Association Of Greater Grand Rapids
Home & Building Association Of Greater Grand Rapids (EIN: 381625006) is a nonprofit organization based in Grand Rapids, MI. The organization reported total revenue of $597K and total assets of $714K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home & Building Association Of Greater Grand Rapids's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home & Building Association Of Greater Grand Rapids is a small nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $652K |
| Total Expenses | $542K |
| Surplus / Deficit | +$110K |
| Total Assets | $668K |
| Total Liabilities | $152K |
| Net Assets | $517K |
| Operating Margin | 16.9% |
| Debt-to-Asset Ratio | 22.7% |
| Months of Reserves | 14.8 months |
Financial Health Grade: A
In 2023, Home & Building Association Of Greater Grand Rapids reported a surplus of $110K with revenue exceeding expenses, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 22.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Home & Building Association Of Greater Grand Rapids's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.2% | +12.5% | +17.5% |
| 2022 | -11.1% | +3.7% | +15.8% |
| 2021 | +-0.0% | -14.0% | +50.9% |
| 2020 | -24.2% | -17.3% | +12.9% |
| 2019 | -3.3% | -28.3% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Home & Building Association Of Greater Grand Rapids 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 Home & Building Association Of Greater Grand Rapids 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 surplus of $110K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.7%.
Frequently Asked Questions about Home & Building Association Of Greater Grand Rapids
Is Home & Building Association Of Greater Grand Rapids a legitimate charity?
Home & Building Association Of Greater Grand Rapids (EIN: 381625006) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $597K. No red flags identified. Financial health grade: A.
How does Home & Building Association Of Greater Grand Rapids spend its money?
Home & Building Association Of Greater Grand Rapids reported $597K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Home & Building Association Of Greater Grand Rapids tax-deductible?
Home & Building Association Of Greater Grand Rapids is registered as a tax-exempt nonprofit (EIN: 381625006). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Home & Building Association Of Greater Grand Rapids located?
Home & Building Association Of Greater Grand Rapids is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 381625006.
How many years of IRS 990 filings does Home & Building Association Of Greater Grand Rapids have?
Home & Building Association Of Greater Grand Rapids 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 $597K in total revenue.
Filing History
IRS 990 filing history for Home & Building Association Of Greater Grand Rapids showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Home & Building Association Of Greater Grand Rapids's revenue has grown by 4.9%, moving from $621K to $652K. Total assets increased by 51.9% over the same period, from $440K to $668K. Total functional expenses fell by 14.4%, from $633K to $542K. In its most recent filing year (2023), Home & Building Association Of Greater Grand Rapids reported a surplus of $110K, with revenue exceeding expenses. The organization holds $152K in liabilities against $668K in assets (debt-to-asset ratio: 22.7%), resulting in net assets of $517K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $652K | $542K | $668K | $152K | — | — |
| 2022 | $533K | $481K | $569K | $162K | — | View 990 |
| 2021 | $600K | $464K | $491K | $136K | — | View 990 |
| 2020 | $600K | $540K | $325K | $118K | — | — |
| 2019 | $792K | $653K | $288K | $141K | — | View 990 |
| 2018 | $819K | $910K | $306K | $298K | — | View 990 |
| 2017 | $941K | $1.1M | $385K | $286K | — | View 990 |
| 2016 | $927K | $1.1M | $381K | $168K | — | — |
| 2015 | $905K | $845K | $547K | $191K | — | View 990 |
| 2014 | $888K | $834K | $500K | $202K | — | View 990 |
| 2013 | $864K | $812K | $473K | $230K | — | View 990 |
| 2012 | $701K | $717K | $412K | $222K | — | View 990 |
| 2011 | $621K | $633K | $440K | $234K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $652K, expenses of $542K, and assets of $668K (revenue +22.2% year-over-year).
- 2022: Revenue of $533K, expenses of $481K, and assets of $569K (revenue -11.1% year-over-year).
- 2021: Revenue of $600K, expenses of $464K, and assets of $491K (revenue +-0.0% year-over-year).
- 2020: Revenue of $600K, expenses of $540K, and assets of $325K (revenue -24.2% year-over-year).
- 2019: Revenue of $792K, expenses of $653K, and assets of $288K (revenue -3.3% year-over-year).
- 2018: Revenue of $819K, expenses of $910K, and assets of $306K (revenue -12.9% year-over-year).
- 2017: Revenue of $941K, expenses of $1.1M, and assets of $385K (revenue +1.5% year-over-year).
- 2016: Revenue of $927K, expenses of $1.1M, and assets of $381K (revenue +2.5% year-over-year).
- 2015: Revenue of $905K, expenses of $845K, and assets of $547K (revenue +1.9% year-over-year).
- 2014: Revenue of $888K, expenses of $834K, and assets of $500K (revenue +2.8% year-over-year).
- 2013: Revenue of $864K, expenses of $812K, and assets of $473K (revenue +23.3% year-over-year).
- 2012: Revenue of $701K, expenses of $717K, and assets of $412K (revenue +12.9% year-over-year).
- 2011: Revenue of $621K, expenses of $633K, and assets of $440K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home & Building Association Of Greater Grand Rapids:
Data Sources and Methodology
This transparency report for Home & Building Association Of Greater Grand Rapids 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.