Home Building Industry Disaster Relief Fund Inc
Disaster Relief Fund Consistently Spends More Than It Earns, Drawing Down on Assets.
EIN: 203491201 · Washington, DC · NTEE: M20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $53K |
| Total Expenses | $26K |
| Program Spending | 70% |
| Net Assets | $478K |
| Transparency Score | 65/100 |
Is Home Building Industry Disaster Relief Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Home Building Industry Disaster Relief Fund Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Home Building Industry Disaster Relief Fund Inc
Home Building Industry Disaster Relief Fund Inc (EIN: 203491201) is a nonprofit organization based in Washington, DC, classified under NTEE code M20. The organization reported total revenue of $53K and total assets of $490K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Building Industry Disaster Relief Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home Building Industry Disaster Relief Fund Inc is a micro nonprofit that has been operating for 21 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 | $8K |
| Total Expenses | $26K |
| Surplus / Deficit | $-17,607 |
| Total Assets | $504K |
| Total Liabilities | $26K |
| Net Assets | $478K |
| Operating Margin | -215.3% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 234.5 months |
Financial Health Grade: B
In 2023, Home Building Industry Disaster Relief Fund Inc reported a deficit of $18K with expenses exceeding revenue, holds 234.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Home Building Industry Disaster Relief Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.7% | +2711.8% | +1.6% |
| 2022 | +13491.1% | -99.2% | -18.7% |
| 2021 | -97.6% | +13260.8% | -0.1% |
| 2020 | -85.2% | -95.7% | -3.0% |
| 2019 | -4.7% | -19.3% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Building Industry Disaster Relief Fund Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Home Building Industry Disaster Relief Fund Inc 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 $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive for minimizing overhead.
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 Building Industry Disaster Relief Fund Inc's IRS 990 filings:
- Consistent deficit spending (expenses frequently exceed revenue, e.g., $25,784 expenses vs. $8,177 revenue in 2023).
- Significant liabilities reported in some years ($120,000 in 2021, $25,769 in 2023) without clear explanation in provided data.
- Declining asset base over time (from $726,694 in 2014 to $490,464 currently), indicating reliance on reserves.
Strengths
The following positive indicators were identified for Home Building Industry Disaster Relief Fund Inc:
- Strong asset base ($490,464) provides a buffer for operations.
- Consistent IRS 990 filing history (13 filings) demonstrates transparency.
- 0% officer compensation reported across all filings, indicating low executive overhead.
Frequently Asked Questions about Home Building Industry Disaster Relief Fund Inc
Is Home Building Industry Disaster Relief Fund Inc a legitimate charity?
Home Building Industry Disaster Relief Fund Inc (EIN: 203491201) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $53K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Home Building Industry Disaster Relief Fund Inc spend its money?
Home Building Industry Disaster Relief Fund Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Home Building Industry Disaster Relief Fund Inc tax-deductible?
Home Building Industry Disaster Relief Fund Inc is registered as a tax-exempt nonprofit (EIN: 203491201). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Home Building Industry Disaster Relief Fund Inc's spending goes to programs?
Home Building Industry Disaster Relief Fund Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Home Building Industry Disaster Relief Fund Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Home Building Industry Disaster Relief Fund Inc is above average for NTEE category M20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Home Building Industry Disaster Relief Fund Inc located?
Home Building Industry Disaster Relief Fund Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 203491201. It is classified under NTEE code M20.
How many years of IRS 990 filings does Home Building Industry Disaster Relief Fund Inc have?
Home Building Industry Disaster Relief Fund 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 $53K in total revenue.
Is Home Building Industry Disaster Relief Fund Inc. financially sustainable given its consistent deficit spending?
The organization has consistently reported expenses exceeding revenue for many years (e.g., $25,784 expenses vs. $8,177 revenue in 2023; $120,648 expenses vs. $45 revenue in 2021). While it has a substantial asset base ($490,464 currently), this pattern suggests it is drawing down on its reserves, which is not sustainable in the long term without a significant increase in revenue or reduction in expenses.
What is the nature of the significant liabilities reported in some years?
The organization reported significant liabilities such as $120,000 in 2021 and $25,769 in 2023. Without further detail from the full IRS 990 filings, it's unclear if these are program-related payables, loans, or other obligations, which could impact financial health.
How does the organization fund its programs if revenue is consistently low?
Given the low revenue figures compared to expenses, it appears the organization primarily funds its activities by utilizing its existing asset base. This suggests a reliance on past accumulated funds rather than current fundraising efforts to cover operational and program costs.
Filing History
IRS 990 filing history for Home Building Industry Disaster Relief Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Home Building Industry Disaster Relief Fund Inc's revenue has grown by 5.3%, moving from $8K to $8K. Total assets decreased by 55.4% over the same period, from $1.1M to $504K. Total functional expenses fell by 63.7%, from $71K to $26K. In its most recent filing year (2023), Home Building Industry Disaster Relief Fund Inc reported a deficit of $18K, with expenses exceeding revenue. The organization holds $26K in liabilities against $504K in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $478K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $26K | $504K | $26K | — | — |
| 2022 | $6K | $917 | $496K | $460 | — | View 990 |
| 2021 | $45 | $121K | $610K | $120K | — | — |
| 2020 | $2K | $903 | $611K | $293 | — | — |
| 2019 | $13K | $21K | $630K | $20K | — | View 990 |
| 2018 | $13K | $26K | $633K | $15K | — | View 990 |
| 2017 | $7K | $16K | $646K | $15K | — | View 990 |
| 2016 | $2K | $26K | $639K | $0 | — | View 990 |
| 2015 | $2K | $66K | $663K | $0 | — | View 990 |
| 2014 | $2K | $15K | $727K | $0 | — | View 990 |
| 2013 | $2K | $93K | $740K | $607 | — | View 990 |
| 2012 | $2K | $300K | $831K | $323 | — | View 990 |
| 2011 | $8K | $71K | $1.1M | $736 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $26K, and assets of $504K (revenue +33.7% year-over-year).
- 2022: Revenue of $6K, expenses of $917, and assets of $496K (revenue +13491.1% year-over-year).
- 2021: Revenue of $45, expenses of $121K, and assets of $610K (revenue -97.6% year-over-year).
- 2020: Revenue of $2K, expenses of $903, and assets of $611K (revenue -85.2% year-over-year).
- 2019: Revenue of $13K, expenses of $21K, and assets of $630K (revenue -4.7% year-over-year).
- 2018: Revenue of $13K, expenses of $26K, and assets of $633K (revenue +81.3% year-over-year).
- 2017: Revenue of $7K, expenses of $16K, and assets of $646K (revenue +205.2% year-over-year).
- 2016: Revenue of $2K, expenses of $26K, and assets of $639K (revenue +29.0% year-over-year).
- 2015: Revenue of $2K, expenses of $66K, and assets of $663K (revenue -19.0% year-over-year).
- 2014: Revenue of $2K, expenses of $15K, and assets of $727K (revenue +8.9% year-over-year).
- 2013: Revenue of $2K, expenses of $93K, and assets of $740K (revenue +1.7% year-over-year).
- 2012: Revenue of $2K, expenses of $300K, and assets of $831K (revenue -73.3% year-over-year).
- 2011: Revenue of $8K, expenses of $71K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home Building Industry Disaster Relief Fund Inc:
Data Sources and Methodology
This transparency report for Home Building Industry Disaster Relief Fund 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.