Homeownership Education Resource Organization
EIN: 450467089 · Pierre, SD · NTEE: L19
| Metric | Value |
|---|---|
| Total Revenue | $466K |
| Total Expenses | $262K |
Is Homeownership Education Resource Organization Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Homeownership Education Resource Organization
Homeownership Education Resource Organization (EIN: 450467089) is a nonprofit organization based in Pierre, SD, classified under NTEE code L19. The organization reported total revenue of $466K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homeownership Education Resource Organization's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homeownership Education Resource Organization is a small nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $262K |
| Total Expenses | $262K |
| Surplus / Deficit | +$0 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: B
In 2024, Homeownership Education Resource Organization reported a surplus of $0 with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2011–2024), Homeownership Education Resource Organization's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -19.6% | -19.6% | — |
| 2023 | -6.6% | -6.6% | — |
| 2022 | +46.3% | +46.3% | — |
| 2021 | -53.2% | -53.2% | -100.0% |
| 2020 | -35.2% | -35.2% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Homeownership Education Resource Organization 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 Homeownership Education Resource Organization 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
Frequently Asked Questions about Homeownership Education Resource Organization
Is Homeownership Education Resource Organization a legitimate charity?
Homeownership Education Resource Organization (EIN: 450467089) is a registered tax-exempt nonprofit based in South Dakota. It has 14 years of IRS 990 filings on record. Total revenue: $466K. No red flags identified. Financial health grade: B.
How does Homeownership Education Resource Organization spend its money?
Homeownership Education Resource Organization reported $466K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Homeownership Education Resource Organization tax-deductible?
Homeownership Education Resource Organization is registered as a tax-exempt nonprofit (EIN: 450467089). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Homeownership Education Resource Organization located?
Homeownership Education Resource Organization is headquartered in Pierre, South Dakota and files with the IRS under EIN 450467089. It is classified under NTEE code L19.
How many years of IRS 990 filings does Homeownership Education Resource Organization have?
Homeownership Education Resource Organization 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 $466K in total revenue.
Filing History
IRS 990 filing history for Homeownership Education Resource Organization showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Homeownership Education Resource Organization's revenue has declined by 35%, moving from $403K to $262K. Total assets decreased by 100% over the same period, from $1 to $0. Total functional expenses fell by 35%, from $403K to $262K. In its most recent filing year (2024), Homeownership Education Resource Organization reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $262K | $262K | $0 | $0 | — | — |
| 2023 | $325K | $325K | $0 | $0 | — | View 990 |
| 2022 | $348K | $348K | $0 | $0 | — | View 990 |
| 2021 | $238K | $238K | $0 | $0 | — | View 990 |
| 2020 | $509K | $509K | $1 | $0 | — | View 990 |
| 2019 | $786K | $786K | $1 | $0 | — | View 990 |
| 2018 | $400K | $400K | $1 | $0 | — | View 990 |
| 2017 | $360K | $360K | $1 | $0 | — | View 990 |
| 2016 | $389K | $389K | $1 | $0 | — | View 990 |
| 2015 | $343K | $343K | $1 | $0 | — | View 990 |
| 2014 | $374K | $374K | $1 | $0 | — | View 990 |
| 2013 | $368K | $368K | $1 | $0 | — | View 990 |
| 2012 | $413K | $413K | $1 | $0 | — | View 990 |
| 2011 | $403K | $403K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $262K, expenses of $262K, and assets of $0 (revenue -19.6% year-over-year).
- 2023: Revenue of $325K, expenses of $325K, and assets of $0 (revenue -6.6% year-over-year).
- 2022: Revenue of $348K, expenses of $348K, and assets of $0 (revenue +46.3% year-over-year).
- 2021: Revenue of $238K, expenses of $238K, and assets of $0 (revenue -53.2% year-over-year).
- 2020: Revenue of $509K, expenses of $509K, and assets of $1 (revenue -35.2% year-over-year).
- 2019: Revenue of $786K, expenses of $786K, and assets of $1 (revenue +96.6% year-over-year).
- 2018: Revenue of $400K, expenses of $400K, and assets of $1 (revenue +11.0% year-over-year).
- 2017: Revenue of $360K, expenses of $360K, and assets of $1 (revenue -7.4% year-over-year).
- 2016: Revenue of $389K, expenses of $389K, and assets of $1 (revenue +13.4% year-over-year).
- 2015: Revenue of $343K, expenses of $343K, and assets of $1 (revenue -8.3% year-over-year).
- 2014: Revenue of $374K, expenses of $374K, and assets of $1 (revenue +1.5% year-over-year).
- 2013: Revenue of $368K, expenses of $368K, and assets of $1 (revenue -10.9% year-over-year).
- 2012: Revenue of $413K, expenses of $413K, and assets of $1 (revenue +2.6% year-over-year).
- 2011: Revenue of $403K, expenses of $403K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homeownership Education Resource Organization:
Data Sources and Methodology
This transparency report for Homeownership Education Resource Organization 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.