Homeless Assistance Leadership Organization Incorporated
Homeless Assistance Leadership Organization maintains stable assets and zero executive compensation despite recent deficit.
EIN: 202041432 · Racine, WI · NTEE: P85 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $3.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.5M |
| Transparency Score | 92/100 |
Is Homeless Assistance Leadership Organization Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Homeless Assistance Leadership Organization Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homeless Assistance Leadership Organization Incorporated
Homeless Assistance Leadership Organization Incorporated (EIN: 202041432) is a nonprofit organization based in Racine, WI, classified under NTEE code P85. The organization reported total revenue of $3.4M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homeless Assistance Leadership Organization Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homeless Assistance Leadership Organization Incorporated is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-586,598 |
| Total Assets | $4.2M |
| Total Liabilities | $1.7M |
| Net Assets | $2.5M |
| Operating Margin | -20.9% |
| Debt-to-Asset Ratio | 39.9% |
| Months of Reserves | 14.7 months |
Financial Health Grade: B
In 2023, Homeless Assistance Leadership Organization Incorporated reported a deficit of $587K with expenses exceeding revenue, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 39.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Homeless Assistance Leadership Organization Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.6% | +20.1% | -5.7% |
| 2022 | +4.7% | -2.8% | +4.4% |
| 2021 | +7.5% | +18.3% | +0.7% |
| 2020 | +21.8% | +16.5% | +2.3% |
| 2019 | +2.4% | +5.8% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Homeless Assistance Leadership Organization Incorporated with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Homeless Assistance Leadership Organization Incorporated allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $587K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 13 available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size with annual revenues exceeding $2 million.
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 Homeless Assistance Leadership Organization Incorporated's IRS 990 filings:
- Recent fiscal period (202306) showed a significant deficit where expenses ($3,392,649) exceeded revenue ($2,806,051) by over half a million dollars.
Strengths
The following positive indicators were identified for Homeless Assistance Leadership Organization Incorporated:
- Consistent reporting of 0% officer compensation across all 13 filings, indicating high efficiency and dedication of funds to mission.
- Stable asset base, consistently above $3.7 million, demonstrating financial resilience.
- Long operational history with 13 IRS 990 filings, suggesting established presence and experience.
- Generally stable revenue streams over the past decade, averaging around $2.5 million annually.
Frequently Asked Questions about Homeless Assistance Leadership Organization Incorporated
Is Homeless Assistance Leadership Organization Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Homeless Assistance Leadership Organization Incorporated (EIN: 202041432) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Homeless Assistance Leadership Organization Incorporated spend its money?
Homeless Assistance Leadership Organization Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Homeless Assistance Leadership Organization Incorporated tax-deductible?
Homeless Assistance Leadership Organization Incorporated is registered as a tax-exempt nonprofit (EIN: 202041432). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Homeless Assistance Leadership Organization Incorporated CEO make?
Homeless Assistance Leadership Organization Incorporated's highest-compensated officer earns $2 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Homeless Assistance Leadership Organization Incorporated's spending goes to programs?
Homeless Assistance Leadership Organization Incorporated directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Homeless Assistance Leadership Organization Incorporated compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Homeless Assistance Leadership Organization Incorporated is above average for NTEE category P85 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Homeless Assistance Leadership Organization Incorporated located?
Homeless Assistance Leadership Organization Incorporated is headquartered in Racine, Wisconsin and files with the IRS under EIN 202041432. It is classified under NTEE code P85.
How many years of IRS 990 filings does Homeless Assistance Leadership Organization Incorporated have?
Homeless Assistance Leadership Organization Incorporated 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 $3.4M in total revenue.
Is Homeless Assistance Leadership Organization Incorporated a good charity?
Based on the available IRS 990 data, HALO appears to be a good charity. It demonstrates strong financial stability with consistent assets, a long history of operations, and notably, reports 0% officer compensation, indicating a high dedication of funds to its mission.
What caused the deficit in the 202306 fiscal period?
The IRS 990 data alone does not specify the exact cause of the $586,598 deficit in the 202306 period (Expenses=$3,392,649 vs. Revenue=$2,806,051). It could be due to increased program services, one-time capital expenditures, or a temporary dip in funding. Further investigation into their detailed financial statements would be needed.
How does HALO manage without officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles might be filled by volunteers, compensated through other means not classified as 'officer compensation' on the 990, or that the organization has a unique operational structure. This practice significantly reduces administrative overhead.
Filing History
IRS 990 filing history for Homeless Assistance Leadership Organization Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Homeless Assistance Leadership Organization Incorporated's revenue has grown by 6.4%, moving from $2.6M to $2.8M. Total assets increased by 9.5% over the same period, from $3.8M to $4.2M. Total functional expenses rose by 83.9%, from $1.8M to $3.4M. In its most recent filing year (2023), Homeless Assistance Leadership Organization Incorporated reported a deficit of $587K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $4.2M in assets (debt-to-asset ratio: 39.9%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $3.4M | $4.2M | $1.7M | — | — |
| 2022 | $3.0M | $2.8M | $4.4M | $1.4M | — | View 990 |
| 2021 | $2.8M | $2.9M | $4.2M | $1.1M | — | View 990 |
| 2020 | $2.6M | $2.5M | $4.2M | $1.3M | — | View 990 |
| 2019 | $2.2M | $2.1M | $4.1M | $1.3M | — | View 990 |
| 2018 | $2.1M | $2.0M | $3.9M | $1.2M | — | View 990 |
| 2017 | $1.8M | $2.0M | $3.8M | $1.3M | — | View 990 |
| 2016 | $2.6M | $2.3M | $4.1M | $1.5M | — | View 990 |
| 2015 | $2.2M | $2.3M | $4.3M | $1.6M | — | View 990 |
| 2014 | $2.2M | $2.1M | $4.0M | $1.2M | — | View 990 |
| 2013 | $1.9M | $1.9M | $3.7M | $1.1M | — | View 990 |
| 2012 | $1.7M | $1.9M | $3.7M | $1.1M | — | View 990 |
| 2011 | $2.6M | $1.8M | $3.8M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $3.4M, and assets of $4.2M (revenue -5.6% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.8M, and assets of $4.4M (revenue +4.7% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.9M, and assets of $4.2M (revenue +7.5% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.5M, and assets of $4.2M (revenue +21.8% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.1M, and assets of $4.1M (revenue +2.4% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.0M, and assets of $3.9M (revenue +15.3% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.0M, and assets of $3.8M (revenue -28.7% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.3M, and assets of $4.1M (revenue +15.1% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.3M, and assets of $4.3M (revenue +1.2% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.1M, and assets of $4.0M (revenue +17.8% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $3.7M (revenue +8.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.9M, and assets of $3.7M (revenue -34.5% year-over-year).
- 2011: Revenue of $2.6M, expenses of $1.8M, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homeless Assistance Leadership Organization Incorporated:
Data Sources and Methodology
This transparency report for Homeless Assistance Leadership Organization Incorporated 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.