Homes For All Inc
Homes For All Inc: Strong Revenue Growth, but Transparency Lacking
EIN: 222823254 · Toms River, NJ · NTEE: L20Z · Updated: 2026-04-04
Is Homes For All Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Homes For All Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Homes For All Inc
Homes For All Inc (EIN: 222823254) is a nonprofit organization based in Toms River, NJ, classified under NTEE code L20Z. The organization reported total revenue of $8.6M and total assets of $21.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homes For All Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Homes For All Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Homes For All Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific figures are provided in the available financial data.
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 Homes For All Inc's IRS 990 filings:
- Lack of detailed spending breakdown for programs, administration, and fundraising.
- Absence of executive compensation figures makes it impossible to assess fairness.
- Significant increase in liabilities from $2,219,770 in 2022 to $5,660,406 in 2023.
Strengths
The following positive indicators were identified for Homes For All Inc:
- Substantial revenue growth from $1,710,092 in 2022 to $8,644,512 in 2023.
- Consistent asset growth, reaching $21,541,327 in 2023.
- Positive net assets indicating financial stability.
Frequently Asked Questions about Homes For All Inc
Is Homes For All Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Homes For All Inc (EIN: 222823254) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Homes For All Inc spend its money?
Homes For All Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Homes For All Inc tax-deductible?
Homes For All Inc is registered as a tax-exempt nonprofit (EIN: 222823254). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Homes For All Inc do?
Homes For All Inc is a nonprofit organization in the Housing & Shelter sector, located in Toms River, New Jersey. It is classified under NTEE code L20Z.
How much revenue does Homes For All Inc have?
Homes For All Inc reported total revenue of $8,644,512. Based on 13 IRS 990 filings on record.
What are Homes For All Inc's total assets?
Homes For All Inc holds total assets of $21,541,327 as reported in IRS 990 filings.
Where is Homes For All Inc located?
Homes For All Inc is based in Toms River, New Jersey.
What is Homes For All Inc's EIN?
Homes For All Inc's Employer Identification Number (EIN) is 222823254. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Homes For All Inc?
Homes For All Inc is classified under NTEE code L20Z (Housing & Shelter).
Is Homes For All Inc a registered 501(c)(3)?
Yes, Homes For All Inc is recognized as a tax-exempt organization by the IRS. EIN: 222823254.
Does Homes For All Inc file IRS Form 990?
Yes, Homes For All Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Homes For All Inc's revenue in 2023?
In the 202312 filing period, Homes For All Inc reported total revenue of $2,209,942, total expenses of $2,081,342, and net assets of $17,594,926.
Is Homes For All Inc's revenue growing or declining?
Homes For All Inc's revenue is growing. Revenue went from $1,710,092 (202212) to $2,209,942 (202312), a +29.2% change. Based on 13 filings on record.
What is Homes For All Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Homes For All Inc covers tax period 202312. It shows revenue of $2,209,942, expenses of $2,081,342, total assets of $17,594,926, and liabilities of $5,660,406.
How much does Homes For All Inc spend on programs vs administration?
Based on IRS 990 analysis, Homes For All Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Homes For All Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Homes For All Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Homes For All Inc?
The following concerns were identified: Lack of detailed spending breakdown for programs, administration, and fundraising.. Absence of executive compensation figures makes it impossible to assess fairness.. Significant increase in liabilities from $2,219,770 in 2022 to $5,660,406 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Homes For All Inc's strengths?
Positive indicators for Homes For All Inc include: Substantial revenue growth from $1,710,092 in 2022 to $8,644,512 in 2023.. Consistent asset growth, reaching $21,541,327 in 2023.. Positive net assets indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Homes For All Inc compensate executives?
Executive compensation cannot be assessed as no specific figures are provided in the available financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the dramatic increase in revenue from $1.7M in 2022 to $8.6M in 2023?
The provided data does not specify the exact drivers, but such a significant jump could indicate a major new grant, a successful capital campaign, or a substantial increase in service delivery and related funding.
How does the organization manage its increasing liabilities, which more than doubled from 2022 to 2023?
Without further detail, it's unclear if the increase in liabilities from $2,219,770 to $5,660,406 is due to long-term investments, new program financing, or short-term operational debts. A deeper dive into the balance sheet would be necessary.
Filing History
IRS 990 filing history for Homes For All Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Homes For All Inc's revenue has declined by 15.5%, moving from $2.6M to $2.2M. Total assets increased by 263.7% over the same period, from $4.8M to $17.6M. Total functional expenses rose by 163%, from $792K to $2.1M. In its most recent filing year (2023), Homes For All Inc reported a surplus of $129K, with revenue exceeding expenses. The organization holds $5.7M in liabilities against $17.6M in assets (debt-to-asset ratio: 32.2%), resulting in net assets of $11.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.1M | $17.6M | $5.7M | — | — |
| 2022 | $1.7M | $1.6M | $13.6M | $2.2M | — | View 990 |
| 2021 | $1.4M | $1.5M | $13.2M | $2.0M | — | View 990 |
| 2020 | $819K | $1.5M | $13.4M | $2.1M | — | View 990 |
| 2019 | $4.0M | $1.5M | $14.5M | $2.5M | — | View 990 |
| 2018 | $1.9M | $1.2M | $13.5M | $4.1M | — | View 990 |
| 2017 | $1.7M | $940K | $15.6M | $6.8M | — | View 990 |
| 2016 | $834K | $1.1M | $13.7M | $5.7M | — | View 990 |
| 2015 | $2.9M | $1.0M | $10.8M | $2.6M | — | View 990 |
| 2014 | $1.5M | $950K | $11.3M | $5.0M | — | View 990 |
| 2013 | $3.8M | $927K | $8.3M | $2.5M | — | View 990 |
| 2012 | $1.4M | $675K | $4.1M | $1.1M | — | View 990 |
| 2011 | $2.6M | $792K | $4.8M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.1M, and assets of $17.6M (revenue +29.2% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.6M, and assets of $13.6M (revenue +26.1% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.5M, and assets of $13.2M (revenue +65.6% year-over-year).
- 2020: Revenue of $819K, expenses of $1.5M, and assets of $13.4M (revenue -79.3% year-over-year).
- 2019: Revenue of $4.0M, expenses of $1.5M, and assets of $14.5M (revenue +110.8% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.2M, and assets of $13.5M (revenue +7.3% year-over-year).
- 2017: Revenue of $1.7M, expenses of $940K, and assets of $15.6M (revenue +109.7% year-over-year).
- 2016: Revenue of $834K, expenses of $1.1M, and assets of $13.7M (revenue -71.0% year-over-year).
- 2015: Revenue of $2.9M, expenses of $1.0M, and assets of $10.8M (revenue +95.7% year-over-year).
- 2014: Revenue of $1.5M, expenses of $950K, and assets of $11.3M (revenue -61.0% year-over-year).
- 2013: Revenue of $3.8M, expenses of $927K, and assets of $8.3M (revenue +163.9% year-over-year).
- 2012: Revenue of $1.4M, expenses of $675K, and assets of $4.1M (revenue -45.5% year-over-year).
- 2011: Revenue of $2.6M, expenses of $792K, and assets of $4.8M.
Data Sources and Methodology
This transparency report for Homes For All 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.