Homecoming Equities
Homecoming Equities reports consistent negative revenue and zero expenses across 11 filings, raising transparency concerns.
EIN: 203457610 · Reno, NV · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $48K |
| CEO/Top Officer Pay | $748,978 |
| Net Assets | $307K |
| Transparency Score | 10/100 |
Is Homecoming Equities Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Homecoming Equities
Homecoming Equities (EIN: 203457610) is a nonprofit organization based in Reno, NV, classified under NTEE code S47. The organization reported total revenue of $48K and total assets of $749K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homecoming Equities's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homecoming Equities is a micro nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2021).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -113.1% | — | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Homecoming Equities with a Mission Score of 10 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.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Homecoming Equities allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 59.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all 11 filings, which is unusual for an organization with significant assets ($748,978) and suggests either a fully volunteer-run model or that compensation is not being reported in a standard manner.
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 Homecoming Equities's IRS 990 filings:
- Consistent negative revenue reported in most periods (e.g., -$12,187 in 2021).
- Zero expenses reported across all 11 IRS 990 filings, which is highly unusual for an active nonprofit.
- Inability to assess spending efficiency due to lack of expense breakdown.
- Discrepancy between NTEE code (Housing Development) and reported zero operational expenses.
Strengths
The following positive indicators were identified for Homecoming Equities:
- No reported officer compensation, indicating a potentially volunteer-led structure or efficient use of funds if operational costs are truly minimal.
Frequently Asked Questions about Homecoming Equities
Is Homecoming Equities a legitimate charity?
Homecoming Equities (EIN: 203457610) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 10/100. It has 11 years of IRS 990 filings on record. Total revenue: $48K. 4 red flags identified. 1 strength noted. Financial health grade: D.
How does Homecoming Equities spend its money?
Homecoming Equities reported $48K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Homecoming Equities tax-deductible?
Homecoming Equities is registered as a tax-exempt nonprofit (EIN: 203457610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Homecoming Equities CEO make?
Homecoming Equities's highest-compensated officer earns $748,978 annually. The organization reported $48K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Homecoming Equities compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Homecoming Equities is below average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Homecoming Equities located?
Homecoming Equities is headquartered in Reno, Nevada and files with the IRS under EIN 203457610. It is classified under NTEE code S47.
How many years of IRS 990 filings does Homecoming Equities have?
Homecoming Equities has 11 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 $48K in total revenue.
Why does Homecoming Equities consistently report negative revenue in most periods?
The filings show negative revenue for 9 out of 11 periods, including -$12,187 in 2021 and -$13,916 in 2020. This pattern is highly unusual for a nonprofit and warrants further investigation into the nature of its income streams and financial activities.
How can Homecoming Equities operate with $0 in reported expenses across all 11 filings?
Reporting zero expenses for over a decade, despite holding significant assets and having an NTEE code related to housing development, is highly atypical and suggests either a non-operational status, a unique financial structure, or potential misreporting of financial activities.
What is the actual operational activity of Homecoming Equities given its financial statements?
With consistent negative revenue and zero expenses, it is unclear what programs or services Homecoming Equities is actively providing, especially considering its NTEE code S47 (Housing Development, Construction & Management).
Is Homecoming Equities transparent about its financial operations?
The highly unusual financial reporting, particularly the zero expenses and negative revenue, raises significant concerns about the transparency and completeness of its financial disclosures.
Filing History
IRS 990 filing history for Homecoming Equities showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Homecoming Equities's revenue has declined by 125.4%, moving from $48K to $-12,187. Total assets increased by 1.3% over the same period, from $739K to $749K. The organization holds $442K in liabilities against $749K in assets (debt-to-asset ratio: 59.1%), resulting in net assets of $307K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $-12,187 | $0 | $749K | $442K | — | — |
| 2020 | $-13,916 | $0 | $776K | $458K | — | — |
| 2019 | $-31,211 | $0 | $804K | $471K | — | View 990 |
| 2018 | $-21,346 | $0 | $848K | $484K | — | View 990 |
| 2017 | $162K | $0 | $866K | $481K | — | View 990 |
| 2016 | $-8,031 | $0 | $737K | $514K | — | View 990 |
| 2015 | $4K | $0 | $767K | $536K | — | View 990 |
| 2014 | $-23,788 | $0 | $790K | $564K | — | View 990 |
| 2013 | $45K | $0 | $827K | $576K | — | View 990 |
| 2012 | $55K | $0 | $794K | $589K | — | View 990 |
| 2011 | $48K | $0 | $739K | $589K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $-12,187, expenses of $0, and assets of $749K.
- 2020: Revenue of $-13,916, expenses of $0, and assets of $776K.
- 2019: Revenue of $-31,211, expenses of $0, and assets of $804K.
- 2018: Revenue of $-21,346, expenses of $0, and assets of $848K (revenue -113.1% year-over-year).
- 2017: Revenue of $162K, expenses of $0, and assets of $866K.
- 2016: Revenue of $-8,031, expenses of $0, and assets of $737K (revenue -299.2% year-over-year).
- 2015: Revenue of $4K, expenses of $0, and assets of $767K.
- 2014: Revenue of $-23,788, expenses of $0, and assets of $790K (revenue -152.7% year-over-year).
- 2013: Revenue of $45K, expenses of $0, and assets of $827K (revenue -17.4% year-over-year).
- 2012: Revenue of $55K, expenses of $0, and assets of $794K (revenue +13.6% year-over-year).
- 2011: Revenue of $48K, expenses of $0, and assets of $739K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homecoming Equities:
Data Sources and Methodology
This transparency report for Homecoming Equities 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.