Home Life Services Inc
Home Life Services Inc. experiences rapid financial growth with consistent 0% reported officer compensation.
EIN: 133899699 · Brooklyn, NY · NTEE: L41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $106.4M |
| Total Expenses | $98.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $106M |
| Net Assets | $797K |
| Transparency Score | 75/100 |
Is Home Life 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 Life Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Home Life Services Inc
Home Life Services Inc (EIN: 133899699) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code L41. The organization reported total revenue of $106.4M and total assets of $150.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Life Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home Life Services Inc is a major nonprofit that has been operating for 27 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 17.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $98.3M |
| Total Expenses | $98.5M |
| Surplus / Deficit | $-196,804 |
| Total Assets | $103.9M |
| Total Liabilities | $103.1M |
| Net Assets | $797K |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 99.2% |
| Months of Reserves | 12.7 months |
Financial Health Grade: C
In 2023, Home Life Services Inc reported a deficit of $197K with expenses exceeding revenue, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 99.2% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Home Life Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.3% | +40.8% | +527.5% |
| 2022 | +47.4% | +34.0% | +45.7% |
| 2021 | +7.0% | +17.2% | -4.7% |
| 2020 | +14.4% | +13.6% | +37.1% |
| 2019 | +273.9% | +225.7% | +114.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Life Services Inc with a Mission Score of 75 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: 85%
- fundraising: 5%
According to IRS 990 filings, Home Life Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $197K, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 14 available filings, which is highly unusual for an organization of its size ($106M revenue, $150M assets) and warrants further inquiry into how executive leadership is compensated, if at all, or if it's reported under other expense categories.
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 Life Services Inc's IRS 990 filings:
- Consistent 0% reported officer compensation for a large organization, raising transparency questions about executive remuneration.
- Rapid increase in liabilities alongside assets, which, while potentially for growth, could indicate increased financial risk if not managed effectively.
Strengths
The following positive indicators were identified for Home Life Services Inc:
- Exceptional revenue growth, increasing from $12.5M in 2014 to over $106M currently, indicating strong fundraising or service demand.
- Significant asset growth, from $2.6M in 2014 to $150.6M currently, suggesting successful capital accumulation and expansion.
- Expenses consistently align closely with revenue, indicating funds are being deployed for operations rather than accumulating excessively.
Frequently Asked Questions about Home Life Services Inc
Is Home Life Services Inc a legitimate charity?
Home Life Services Inc (EIN: 133899699) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $106.4M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Home Life Services Inc spend its money?
Home Life Services Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Home Life Services Inc tax-deductible?
Home Life Services Inc is registered as a tax-exempt nonprofit (EIN: 133899699). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Home Life Services Inc CEO make?
Home Life Services Inc's highest-compensated officer earns $106M annually. The organization reported $106.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Home Life Services Inc's spending goes to programs?
Home Life Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Home Life Services Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Home Life Services Inc is above average for NTEE category L41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Home Life Services Inc located?
Home Life Services Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 133899699. It is classified under NTEE code L41.
How many years of IRS 990 filings does Home Life Services Inc have?
Home Life Services Inc has 14 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 $106.4M in total revenue.
How does Home Life Services Inc. manage to operate with 0% reported officer compensation given its scale?
The consistent reporting of 0% officer compensation across all filings for an organization with over $100 million in revenue and $150 million in assets is highly unusual. This could indicate a volunteer-led executive team, or that executive compensation is categorized differently within the 990, such as under 'salaries and wages' for non-officer employees, which would require deeper analysis of the full 990 forms to clarify.
What is the primary driver behind the significant increase in assets and liabilities from 2022 to 2023?
The organization's assets jumped from $16.5 million in 2022 to $103.8 million in 2023, with liabilities showing a similar increase. This suggests a major expansion, potentially through acquiring new facilities, significant capital investments, or taking on substantial debt to fund program growth. A detailed look at the balance sheet in the full 990 would provide specifics.
What are the specific program activities funded by Home Life Services Inc.?
Given the NTEE code L41 (Residential Care & Adult Day Programs), it's likely the organization provides services such as assisted living, group homes, or adult day care. However, the filings only provide financial aggregates. A review of the organization's mission statement and program service accomplishments in the full 990 would detail specific activities.
Filing History
IRS 990 filing history for Home Life Services Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Home Life Services Inc's revenue has grown by 750.7%, moving from $11.6M to $98.3M. Total assets increased by 3759.3% over the same period, from $2.7M to $103.9M. Total functional expenses rose by 739.4%, from $11.7M to $98.5M. In its most recent filing year (2023), Home Life Services Inc reported a deficit of $197K, with expenses exceeding revenue. The organization holds $103.1M in liabilities against $103.9M in assets (debt-to-asset ratio: 99.2%), resulting in net assets of $797K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $98.3M | $98.5M | $103.9M | $103.1M | — | View 990 |
| 2022 | $72.7M | $70.0M | $16.6M | $15.6M | — | View 990 |
| 2021 | $49.3M | $52.2M | $11.4M | $13.2M | — | — |
| 2020 | $46.1M | $44.6M | $11.9M | $11.3M | — | — |
| 2019 | $40.3M | $39.2M | $8.7M | $9.6M | — | View 990 |
| 2018 | $10.8M | $12.0M | $4.1M | $5.8M | — | View 990 |
| 2017 | $20.4M | $19.8M | $5.2M | $5.0M | — | View 990 |
| 2016 | $19.1M | $19.0M | $4.9M | $4.7M | — | View 990 |
| 2015 | $18.1M | $17.8M | $7.7M | $7.7M | — | View 990 |
| 2014 | $12.6M | $13.0M | $2.6M | $2.9M | — | View 990 |
| 2013 | $11.4M | $11.7M | $1.8M | $1.7M | — | View 990 |
| 2012 | $11.7M | $11.9M | $2.1M | $1.6M | — | View 990 |
| 2011 | $11.3M | $11.6M | $2.3M | $1.6M | — | View 990 |
| 2010 | $11.6M | $11.7M | $2.7M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $98.3M, expenses of $98.5M, and assets of $103.9M (revenue +35.3% year-over-year).
- 2022: Revenue of $72.7M, expenses of $70.0M, and assets of $16.6M (revenue +47.4% year-over-year).
- 2021: Revenue of $49.3M, expenses of $52.2M, and assets of $11.4M (revenue +7.0% year-over-year).
- 2020: Revenue of $46.1M, expenses of $44.6M, and assets of $11.9M (revenue +14.4% year-over-year).
- 2019: Revenue of $40.3M, expenses of $39.2M, and assets of $8.7M (revenue +273.9% year-over-year).
- 2018: Revenue of $10.8M, expenses of $12.0M, and assets of $4.1M (revenue -47.3% year-over-year).
- 2017: Revenue of $20.4M, expenses of $19.8M, and assets of $5.2M (revenue +6.8% year-over-year).
- 2016: Revenue of $19.1M, expenses of $19.0M, and assets of $4.9M (revenue +6.0% year-over-year).
- 2015: Revenue of $18.1M, expenses of $17.8M, and assets of $7.7M (revenue +43.6% year-over-year).
- 2014: Revenue of $12.6M, expenses of $13.0M, and assets of $2.6M (revenue +10.4% year-over-year).
- 2013: Revenue of $11.4M, expenses of $11.7M, and assets of $1.8M (revenue -2.4% year-over-year).
- 2012: Revenue of $11.7M, expenses of $11.9M, and assets of $2.1M (revenue +2.9% year-over-year).
- 2011: Revenue of $11.3M, expenses of $11.6M, and assets of $2.3M (revenue -1.9% year-over-year).
- 2010: Revenue of $11.6M, expenses of $11.7M, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home Life Services Inc:
Data Sources and Methodology
This transparency report for Home Life 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.