Home For The Aged Altenheim
EIN: 550371584 · Wheeling, WV
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $673K |
| Net Assets | $13.3M |
Is Home For The Aged Altenheim Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Home For The Aged Altenheim
Home For The Aged Altenheim (EIN: 550371584) is a nonprofit organization based in Wheeling, WV. The organization reported total revenue of $3.4M and total assets of $13.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home For The Aged Altenheim's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home For The Aged Altenheim is a mid-size nonprofit that has been operating for 84 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $489K |
| Total Expenses | $673K |
| Surplus / Deficit | $-184,543 |
| Total Assets | $13.4M |
| Total Liabilities | $19K |
| Net Assets | $13.3M |
| Operating Margin | -37.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 238.1 months |
Financial Health Grade: B
In 2023, Home For The Aged Altenheim reported a deficit of $185K with expenses exceeding revenue, holds 238.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Home For The Aged Altenheim's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.8% | -2.3% | -1.4% |
| 2022 | -68.3% | -3.1% | -0.7% |
| 2021 | +219.2% | -7.3% | -0.9% |
| 2020 | -27.7% | -8.7% | -1.6% |
| 2019 | -10.1% | -15.7% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Home For The Aged Altenheim 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 For The Aged Altenheim 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 deficit of $185K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Home For The Aged Altenheim
Is Home For The Aged Altenheim a legitimate charity?
Home For The Aged Altenheim (EIN: 550371584) is a registered tax-exempt nonprofit based in West Virginia. It has 10 years of IRS 990 filings on record. Total revenue: $3.4M. No red flags identified. Financial health grade: B.
How does Home For The Aged Altenheim spend its money?
Home For The Aged Altenheim reported $3.4M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Home For The Aged Altenheim tax-deductible?
Home For The Aged Altenheim is registered as a tax-exempt nonprofit (EIN: 550371584). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Home For The Aged Altenheim located?
Home For The Aged Altenheim is headquartered in Wheeling, West Virginia and files with the IRS under EIN 550371584.
How many years of IRS 990 filings does Home For The Aged Altenheim have?
Home For The Aged Altenheim has 10 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 $3.4M in total revenue.
Filing History
IRS 990 filing history for Home For The Aged Altenheim showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Home For The Aged Altenheim's revenue has declined by 47.8%, moving from $937K to $489K. Total assets increased by 7.7% over the same period, from $12.4M to $13.4M. Total functional expenses fell by 26.7%, from $918K to $673K. In its most recent filing year (2023), Home For The Aged Altenheim reported a deficit of $185K, with expenses exceeding revenue. The organization holds $19K in liabilities against $13.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $13.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $489K | $673K | $13.4M | $19K | — | View 990 |
| 2022 | $609K | $689K | $13.5M | $19K | — | View 990 |
| 2021 | $1.9M | $711K | $13.6M | $29K | — | — |
| 2020 | $603K | $767K | $13.8M | $1.4M | — | — |
| 2019 | $834K | $840K | $14.0M | $1.4M | — | View 990 |
| 2015 | $928K | $996K | $14.4M | $2.2M | — | View 990 |
| 2014 | $980K | $944K | $13.0M | $684K | — | View 990 |
| 2013 | $1.1M | $1.1M | $13.0M | $756K | — | View 990 |
| 2012 | $759K | $937K | $14.0M | $1.8M | — | View 990 |
| 2011 | $937K | $918K | $12.4M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $489K, expenses of $673K, and assets of $13.4M (revenue -19.8% year-over-year).
- 2022: Revenue of $609K, expenses of $689K, and assets of $13.5M (revenue -68.3% year-over-year).
- 2021: Revenue of $1.9M, expenses of $711K, and assets of $13.6M (revenue +219.2% year-over-year).
- 2020: Revenue of $603K, expenses of $767K, and assets of $13.8M (revenue -27.7% year-over-year).
- 2019: Revenue of $834K, expenses of $840K, and assets of $14.0M (revenue -10.1% year-over-year).
- 2015: Revenue of $928K, expenses of $996K, and assets of $14.4M (revenue -5.3% year-over-year).
- 2014: Revenue of $980K, expenses of $944K, and assets of $13.0M (revenue -14.7% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $13.0M (revenue +51.4% year-over-year).
- 2012: Revenue of $759K, expenses of $937K, and assets of $14.0M (revenue -19.0% year-over-year).
- 2011: Revenue of $937K, expenses of $918K, and assets of $12.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home For The Aged Altenheim:
Data Sources and Methodology
This transparency report for Home For The Aged Altenheim 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.