Home Casas Inc
EIN: 341094413 · Cleveland, OH
| Metric | Value |
|---|---|
| Total Expenses | $568K |
| Net Assets | $1.6M |
Is Home Casas Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Home Casas Inc
Home Casas Inc (EIN: 341094413) is a nonprofit organization based in Cleveland, OH. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Casas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home Casas Inc is a small nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $575K |
| Total Expenses | $568K |
| Surplus / Deficit | +$6K |
| Total Assets | $2.5M |
| Total Liabilities | $973K |
| Net Assets | $1.6M |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 38.3% |
| Months of Reserves | 53.7 months |
Financial Health Grade: A
In 2016, Home Casas Inc reported a surplus of $6K with revenue exceeding expenses, holds 53.7 months of operating reserves (strong position), has a debt-to-asset ratio of 38.3% (moderate leverage).
Financial Trends
Over 6 years of filings (2011–2016), Home Casas Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +16.7% | -0.2% | -1.6% |
| 2015 | -16.7% | +10.9% | -6.3% |
| 2014 | -3.5% | +7.8% | +4.9% |
| 2013 | -9.9% | -4.2% | +5.4% |
| 2012 | +0.1% | -12.1% | +5.1% |
AI Analysis Pending
AI enrichment for Home Casas 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 Home Casas 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.3%.
Frequently Asked Questions about Home Casas Inc
Is Home Casas Inc a legitimate charity?
Home Casas Inc (EIN: 341094413) is a registered tax-exempt nonprofit based in Ohio. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Home Casas Inc spend its money?
Home Casas Inc reported its financials in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Home Casas Inc tax-deductible?
Home Casas Inc is registered as a tax-exempt nonprofit (EIN: 341094413). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Home Casas Inc located?
Home Casas Inc is headquartered in Cleveland, Ohio and files with the IRS under EIN 341094413.
How many years of IRS 990 filings does Home Casas Inc have?
Home Casas Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Home Casas Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Home Casas Inc's revenue has declined by 15.5%, moving from $680K to $575K. Total assets increased by 7.1% over the same period, from $2.4M to $2.5M. Total functional expenses rose by 0.5%, from $565K to $568K. In its most recent filing year (2016), Home Casas Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $973K in liabilities against $2.5M in assets (debt-to-asset ratio: 38.3%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $575K | $568K | $2.5M | $973K | — | — |
| 2015 | $493K | $570K | $2.6M | $1.0M | — | View 990 |
| 2014 | $592K | $514K | $2.8M | $1.1M | — | View 990 |
| 2013 | $613K | $476K | $2.6M | $1.1M | — | View 990 |
| 2012 | $681K | $497K | $2.5M | $1.1M | — | View 990 |
| 2011 | $680K | $565K | $2.4M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $575K, expenses of $568K, and assets of $2.5M (revenue +16.7% year-over-year).
- 2015: Revenue of $493K, expenses of $570K, and assets of $2.6M (revenue -16.7% year-over-year).
- 2014: Revenue of $592K, expenses of $514K, and assets of $2.8M (revenue -3.5% year-over-year).
- 2013: Revenue of $613K, expenses of $476K, and assets of $2.6M (revenue -9.9% year-over-year).
- 2012: Revenue of $681K, expenses of $497K, and assets of $2.5M (revenue +0.1% year-over-year).
- 2011: Revenue of $680K, expenses of $565K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home Casas Inc:
Data Sources and Methodology
This transparency report for Home Casas 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.