Home Health Management Services Inc
Home Health Management Services Inc. experiences sharp revenue and asset decline in latest fiscal year.
EIN: 133020559 · Bronx, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.3M |
| Total Expenses | $11.1M |
| Program Spending | 90% |
| Net Assets | $2.5M |
| Transparency Score | 65/100 |
Is Home Health Management Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Home Health Management Services Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Home Health Management Services Inc
Home Health Management Services Inc (EIN: 133020559) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $9.3M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Health Management Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home Health Management Services Inc is a mid-size 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 -10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.3M |
| Total Expenses | $11.1M |
| Surplus / Deficit | $-1,819,563 |
| Total Assets | $5.8M |
| Total Liabilities | $3.3M |
| Net Assets | $2.5M |
| Operating Margin | -19.6% |
| Debt-to-Asset Ratio | 56.2% |
| Months of Reserves | 6.3 months |
Financial Health Grade: C
In 2023, Home Health Management Services Inc reported a deficit of $1.8M with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 56.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Home Health Management Services Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.9% | -62.5% | -29.9% |
| 2022 | +2.6% | +3.5% | -36.3% |
| 2021 | -9.5% | -11.9% | +7.2% |
| 2020 | -1.7% | +0.0% | +59.3% |
| 2019 | +24.9% | +25.1% | -11.6% |
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 Health Management Services 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Home Health Management Services Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with historical revenues in the tens of millions and suggests that executive compensation may be reported under other expense categories or is not directly paid to officers.
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 Health Management Services Inc's IRS 990 filings:
- Significant and sudden decline in revenue and assets in the latest fiscal year (202306 revenue $9.27M vs $29.79M in 202206).
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this size and history, potentially obscuring true leadership costs.
- Expenses exceeded revenue in the latest fiscal year ($11,092,401 expenses vs $9,272,838 revenue), indicating an operating deficit.
Strengths
The following positive indicators were identified for Home Health Management Services Inc:
- Historically maintained a relatively stable financial position with revenues often exceeding or closely matching expenses prior to 2023.
- Low liabilities relative to assets in several past periods, indicating a healthy balance sheet (e.g., 201806 assets $8.59M, liabilities $2.64M).
Frequently Asked Questions about Home Health Management Services Inc
Is Home Health Management Services Inc a legitimate charity?
Home Health Management Services Inc (EIN: 133020559) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.3M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Home Health Management Services Inc spend its money?
Home Health Management Services Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Home Health Management Services Inc tax-deductible?
Home Health Management Services Inc is registered as a tax-exempt nonprofit (EIN: 133020559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Home Health Management Services Inc located?
Home Health Management Services Inc is headquartered in Bronx, New York and files with the IRS under EIN 133020559.
How many years of IRS 990 filings does Home Health Management Services Inc have?
Home Health Management Services 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 $9.3M in total revenue.
Why did Home Health Management Services Inc.'s revenue drop from nearly $30 million to $9.27 million in the latest fiscal year?
The IRS 990 data indicates a significant decrease in revenue from $29,796,343 in 202206 to $9,272,838 in 202306. The specific reasons for this sharp decline are not detailed in the provided financial summary and would require reviewing the full 990 form's narrative sections.
How does Home Health Management Services Inc. manage its executive leadership without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings is atypical. This could mean that executive services are provided by a related organization, compensated through non-officer roles, or that the organization is structured in a way that doesn't categorize leadership as 'officers' for compensation reporting purposes on the 990.
What is the organization's NTEE code and primary program focus?
The NTEE code is listed as 'Unknown' in the provided data. While the name 'Home Health Management Services Inc.' suggests a focus on health services, the specific program focus cannot be determined without the NTEE code or a review of the full 990 form's program service accomplishments section.
Filing History
IRS 990 filing history for Home Health Management Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Home Health Management Services Inc's revenue has declined by 73%, moving from $34.3M to $9.3M. Total assets decreased by 56.8% over the same period, from $13.4M to $5.8M. Total functional expenses fell by 66%, from $32.7M to $11.1M. In its most recent filing year (2023), Home Health Management Services Inc reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $3.3M in liabilities against $5.8M in assets (debt-to-asset ratio: 56.2%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.3M | $11.1M | $5.8M | $3.3M | — | — |
| 2022 | $29.8M | $29.6M | $8.3M | $3.7M | — | View 990 |
| 2021 | $29.0M | $28.6M | $13.0M | $8.6M | — | — |
| 2020 | $32.1M | $32.5M | $12.1M | $8.1M | — | View 990 |
| 2019 | $32.7M | $32.5M | $7.6M | $3.2M | — | View 990 |
| 2018 | $26.1M | $26.0M | $8.6M | $2.6M | — | View 990 |
| 2017 | $26.4M | $24.6M | $8.8M | $1.8M | — | View 990 |
| 2016 | $28.6M | $25.4M | $11.0M | $3.9M | — | View 990 |
| 2015 | $32.2M | $29.9M | $10.4M | $5.3M | — | View 990 |
| 2014 | $34.3M | $31.7M | $15.1M | $4.0M | — | View 990 |
| 2013 | $36.2M | $34.7M | $12.0M | $4.1M | — | View 990 |
| 2012 | $35.7M | $33.6M | $13.3M | $3.4M | — | View 990 |
| 2011 | $34.3M | $32.7M | $13.4M | $4.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.3M, expenses of $11.1M, and assets of $5.8M (revenue -68.9% year-over-year).
- 2022: Revenue of $29.8M, expenses of $29.6M, and assets of $8.3M (revenue +2.6% year-over-year).
- 2021: Revenue of $29.0M, expenses of $28.6M, and assets of $13.0M (revenue -9.5% year-over-year).
- 2020: Revenue of $32.1M, expenses of $32.5M, and assets of $12.1M (revenue -1.7% year-over-year).
- 2019: Revenue of $32.7M, expenses of $32.5M, and assets of $7.6M (revenue +24.9% year-over-year).
- 2018: Revenue of $26.1M, expenses of $26.0M, and assets of $8.6M (revenue -1.1% year-over-year).
- 2017: Revenue of $26.4M, expenses of $24.6M, and assets of $8.8M (revenue -7.4% year-over-year).
- 2016: Revenue of $28.6M, expenses of $25.4M, and assets of $11.0M (revenue -11.4% year-over-year).
- 2015: Revenue of $32.2M, expenses of $29.9M, and assets of $10.4M (revenue -6.1% year-over-year).
- 2014: Revenue of $34.3M, expenses of $31.7M, and assets of $15.1M (revenue -5.1% year-over-year).
- 2013: Revenue of $36.2M, expenses of $34.7M, and assets of $12.0M (revenue +1.2% year-over-year).
- 2012: Revenue of $35.7M, expenses of $33.6M, and assets of $13.3M (revenue +4.2% year-over-year).
- 2011: Revenue of $34.3M, expenses of $32.7M, and assets of $13.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home Health Management Services Inc:
Data Sources and Methodology
This transparency report for Home Health Management Services 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.