Homefront Health Care
EIN: 56020861 · Providence, RI
| Metric | Value |
|---|---|
| Total Expenses | $7.2M |
| Net Assets | $-1,234,575 |
Is Homefront Health Care Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Homefront Health Care
Homefront Health Care (EIN: 56020861) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homefront Health Care's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homefront Health Care is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -6.2%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $7.2M |
| Surplus / Deficit | $-565,581 |
| Total Assets | $744K |
| Total Liabilities | $2.0M |
| Net Assets | $-1,234,575 |
| Operating Margin | -8.6% |
| Debt-to-Asset Ratio | 265.9% |
| Months of Reserves | 1.2 months |
Financial Health Grade: D
In 2015, Homefront Health Care reported a deficit of $566K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited), has a debt-to-asset ratio of 265.9% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Homefront Health Care's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -15.6% | -11.1% | -38.1% |
| 2014 | -8.0% | -6.0% | +7.8% |
| 2013 | -0.8% | -2.8% | +3.9% |
| 2012 | +0.2% | +4.3% | -19.9% |
AI Analysis Pending
AI enrichment for Homefront Health Care 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 Homefront Health Care 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $566K, with expenses exceeding revenue.
- Debt-to-asset ratio: 265.9%.
Frequently Asked Questions about Homefront Health Care
Is Homefront Health Care a legitimate charity?
Homefront Health Care (EIN: 56020861) is a registered tax-exempt nonprofit based in Rhode Island. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: D.
How does Homefront Health Care spend its money?
Homefront Health Care reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Homefront Health Care tax-deductible?
Homefront Health Care is registered as a tax-exempt nonprofit (EIN: 56020861). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Homefront Health Care located?
Homefront Health Care is headquartered in Providence, Rhode Island and files with the IRS under EIN 56020861.
How many years of IRS 990 filings does Homefront Health Care have?
Homefront Health Care has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Homefront Health Care showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Homefront Health Care's revenue has declined by 22.7%, moving from $8.5M to $6.6M. Total assets decreased by 44.5% over the same period, from $1.3M to $744K. Total functional expenses fell by 15.2%, from $8.5M to $7.2M. In its most recent filing year (2015), Homefront Health Care reported a deficit of $566K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $744K in assets (debt-to-asset ratio: 265.9%), resulting in net assets of $-1,234,575.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $6.6M | $7.2M | $744K | $2.0M | — | View 990 |
| 2014 | $7.8M | $8.1M | $1.2M | $1.5M | — | View 990 |
| 2013 | $8.5M | $8.6M | $1.1M | $1.2M | — | View 990 |
| 2012 | $8.6M | $8.8M | $1.1M | $1.1M | — | View 990 |
| 2011 | $8.5M | $8.5M | $1.3M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $6.6M, expenses of $7.2M, and assets of $744K (revenue -15.6% year-over-year).
- 2014: Revenue of $7.8M, expenses of $8.1M, and assets of $1.2M (revenue -8.0% year-over-year).
- 2013: Revenue of $8.5M, expenses of $8.6M, and assets of $1.1M (revenue -0.8% year-over-year).
- 2012: Revenue of $8.6M, expenses of $8.8M, and assets of $1.1M (revenue +0.2% year-over-year).
- 2011: Revenue of $8.5M, expenses of $8.5M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homefront Health Care:
Data Sources and Methodology
This transparency report for Homefront Health Care 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.