Homecrest Community Services Inc
Homecrest Community Services Inc shows consistent growth and efficient spending with no reported officer compensation.
EIN: 113373115 · Brooklyn, NY · NTEE: P81 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $967K |
| Transparency Score | 85/100 |
Is Homecrest Community Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Homecrest Community Services Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homecrest Community Services Inc
Homecrest Community Services Inc (EIN: 113373115) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P81. The organization reported total revenue of $2.5M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homecrest Community Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homecrest Community Services Inc is a mid-size nonprofit that has been operating for 28 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$111K |
| Total Assets | $1.2M |
| Total Liabilities | $227K |
| Net Assets | $967K |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 19.0% |
| Months of Reserves | 8.7 months |
Financial Health Grade: A
In 2023, Homecrest Community Services Inc reported a surplus of $111K with revenue exceeding expenses, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 19.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Homecrest Community Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.3% | +31.7% | -11.4% |
| 2022 | +52.1% | +42.3% | +18.2% |
| 2021 | -24.1% | -14.8% | +28.3% |
| 2020 | +9.2% | +16.7% | +37.0% |
| 2019 | +6.9% | +7.2% | +38.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Homecrest Community Services Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Homecrest Community Services Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $111K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with over $1.7 million in annual revenue.
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 Homecrest Community Services Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is reported in other categories or leadership is entirely volunteer, warranting further inquiry.
Strengths
The following positive indicators were identified for Homecrest Community Services Inc:
- Consistent revenue growth, increasing from $716,476 in 2014 to $1,754,456 in 2023.
- Strong asset growth, from $115,329 in 2014 to $1,194,328 in 2023.
- Efficient spending, with expenses closely tracking revenue (e.g., $1,643,796 expenses vs. $1,754,456 revenue in 2023).
- Zero reported officer compensation across all filings, indicating a high dedication of resources to the mission.
- Healthy financial reserves, with assets significantly exceeding liabilities.
Frequently Asked Questions about Homecrest Community Services Inc
Is Homecrest Community Services Inc a legitimate charity?
Homecrest Community Services Inc (EIN: 113373115) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.5M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Homecrest Community Services Inc spend its money?
Homecrest Community Services Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Homecrest Community Services Inc tax-deductible?
Homecrest Community Services Inc is registered as a tax-exempt nonprofit (EIN: 113373115). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Homecrest Community Services Inc CEO make?
Homecrest Community Services Inc's highest-compensated officer earns $1.7 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Homecrest Community Services Inc's spending goes to programs?
Homecrest Community Services Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Homecrest Community Services Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Homecrest Community Services Inc is above average for NTEE category P81 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Homecrest Community Services Inc located?
Homecrest Community Services Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113373115. It is classified under NTEE code P81.
How many years of IRS 990 filings does Homecrest Community Services Inc have?
Homecrest Community Services Inc has 12 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 $2.5M in total revenue.
Is Homecrest Community Services Inc a good charity?
Based on its consistent growth, efficient spending (expenses closely track revenue), and zero reported officer compensation, Homecrest Community Services Inc appears to be a well-managed and program-focused charity. The lack of officer compensation is a significant positive indicator of resource allocation.
How has Homecrest Community Services Inc's financial health changed over time?
The organization has shown strong financial growth, with revenue increasing from $716,476 in 2014 to $1,754,456 in 2023, and assets growing from $115,329 to $1,194,328 over the same period. This indicates a healthy and expanding financial position.
What is the organization's approach to executive compensation?
Homecrest Community Services Inc consistently reports 0% officer compensation across all 12 filings, suggesting that its leadership either volunteers their time or is compensated through other means not reported as officer compensation on the 990s, which is a notable practice for a growing organization.
How does Homecrest Community Services Inc manage its liabilities?
Liabilities have fluctuated, reaching a high of $491,679 in 2022 but decreasing to $227,495 in 2023. While they have increased from earlier periods (e.g., $4,500 in 2015), they remain a manageable portion of the organization's growing assets, with a liabilities-to-assets ratio of approximately 19% in 2023.
Filing History
IRS 990 filing history for Homecrest Community Services Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Homecrest Community Services Inc's revenue has grown by 321.1%, moving from $417K to $1.8M. Total assets increased by 1874.7% over the same period, from $60K to $1.2M. Total functional expenses rose by 255.4%, from $463K to $1.6M. In its most recent filing year (2023), Homecrest Community Services Inc reported a surplus of $111K, with revenue exceeding expenses. The organization holds $227K in liabilities against $1.2M in assets (debt-to-asset ratio: 19.0%), resulting in net assets of $967K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.6M | $1.2M | $227K | — | View 990 |
| 2022 | $1.3M | $1.2M | $1.3M | $492K | — | View 990 |
| 2021 | $879K | $877K | $1.1M | $373K | — | — |
| 2020 | $1.2M | $1.0M | $889K | $123K | — | View 990 |
| 2019 | $1.1M | $882K | $649K | $12K | — | View 990 |
| 2018 | $992K | $822K | $468K | $11K | — | View 990 |
| 2017 | $850K | $752K | $300K | $12K | — | View 990 |
| 2016 | $800K | $743K | $208K | $19K | — | View 990 |
| 2015 | $785K | $759K | $137K | $5K | — | View 990 |
| 2014 | $716K | $716K | $115K | $9K | — | View 990 |
| 2013 | $659K | $609K | $111K | $5K | — | View 990 |
| 2012 | $417K | $463K | $60K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.6M, and assets of $1.2M (revenue +31.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $1.3M (revenue +52.1% year-over-year).
- 2021: Revenue of $879K, expenses of $877K, and assets of $1.1M (revenue -24.1% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.0M, and assets of $889K (revenue +9.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $882K, and assets of $649K (revenue +6.9% year-over-year).
- 2018: Revenue of $992K, expenses of $822K, and assets of $468K (revenue +16.8% year-over-year).
- 2017: Revenue of $850K, expenses of $752K, and assets of $300K (revenue +6.2% year-over-year).
- 2016: Revenue of $800K, expenses of $743K, and assets of $208K (revenue +1.9% year-over-year).
- 2015: Revenue of $785K, expenses of $759K, and assets of $137K (revenue +9.6% year-over-year).
- 2014: Revenue of $716K, expenses of $716K, and assets of $115K (revenue +8.8% year-over-year).
- 2013: Revenue of $659K, expenses of $609K, and assets of $111K (revenue +58.1% year-over-year).
- 2012: Revenue of $417K, expenses of $463K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homecrest Community Services Inc:
Data Sources and Methodology
This transparency report for Homecrest Community 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.