Homes For Families
EIN: 262932191 · Woodland Hls, CA · NTEE: L99
Is Homes For Families Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Homes For Families
Homes For Families (EIN: 262932191) is a nonprofit organization based in Woodland Hls, CA, classified under NTEE code L99. The organization reported total revenue of $7.3M and total assets of $14.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homes For Families's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homes For Families is a mid-size nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 60.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $7.7M |
| Surplus / Deficit | $-350,181 |
| Total Assets | $14.4M |
| Total Liabilities | $11.2M |
| Net Assets | $3.1M |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 78.2% |
| Months of Reserves | 22.5 months |
Financial Health Grade: C
In 2023, Homes For Families reported a deficit of $350K with expenses exceeding revenue, holds 22.5 months of operating reserves (strong position), has a debt-to-asset ratio of 78.2% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Homes For Families's revenue has grown at a compound annual growth rate (CAGR) of 60.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +150.0% | +348.3% | -13.3% |
| 2022 | -53.9% | -76.3% | +40.9% |
| 2021 | +189.6% | +217.7% | -4.1% |
| 2020 | -47.0% | -47.5% | +20.0% |
| 2019 | -11.2% | -7.2% | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Homes For Families 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 Homes For Families 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $350K, with expenses exceeding revenue.
- Debt-to-asset ratio: 78.2%.
Frequently Asked Questions about Homes For Families
Is Homes For Families a legitimate charity?
Based on AI analysis of IRS 990 filings, Homes For Families (EIN: 262932191) insufficient data. 0 red flags identified, 0 strengths noted.
How does Homes For Families spend its money?
Detailed spending breakdown data is not yet available for Homes For Families. Check back for updated IRS 990 analysis.
Are donations to Homes For Families tax-deductible?
Homes For Families is registered as a tax-exempt nonprofit (EIN: 262932191). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Homes For Families showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Homes For Families's revenue has grown by 6970.6%, moving from $103K to $7.3M. Total assets increased by 28714% over the same period, from $50K to $14.4M. Total functional expenses rose by 5896.3%, from $128K to $7.7M. In its most recent filing year (2023), Homes For Families reported a deficit of $350K, with expenses exceeding revenue. The organization holds $11.2M in liabilities against $14.4M in assets (debt-to-asset ratio: 78.2%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $7.7M | $14.4M | $11.2M | — | — |
| 2022 | $2.9M | $1.7M | $16.6M | $13.1M | — | View 990 |
| 2021 | $6.3M | $7.2M | $11.8M | $8.8M | — | View 990 |
| 2020 | $2.2M | $2.3M | $12.3M | $8.4M | — | — |
| 2019 | $4.1M | $4.3M | $10.2M | $6.3M | — | View 990 |
| 2018 | $4.7M | $4.6M | $9.5M | $5.7M | — | View 990 |
| 2017 | $7.0M | $3.3M | $12.5M | $8.8M | — | — |
| 2016 | $155K | $150K | $31K | $25K | — | View 990 |
| 2015 | $174K | $147K | $31K | $29K | — | View 990 |
| 2014 | $103K | $128K | $50K | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $7.7M, and assets of $14.4M (revenue +150.0% year-over-year).
- 2022: Revenue of $2.9M, expenses of $1.7M, and assets of $16.6M (revenue -53.9% year-over-year).
- 2021: Revenue of $6.3M, expenses of $7.2M, and assets of $11.8M (revenue +189.6% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.3M, and assets of $12.3M (revenue -47.0% year-over-year).
- 2019: Revenue of $4.1M, expenses of $4.3M, and assets of $10.2M (revenue -11.2% year-over-year).
- 2018: Revenue of $4.7M, expenses of $4.6M, and assets of $9.5M (revenue -33.6% year-over-year).
- 2017: Revenue of $7.0M, expenses of $3.3M, and assets of $12.5M (revenue +4439.9% year-over-year).
- 2016: Revenue of $155K, expenses of $150K, and assets of $31K (revenue -11.0% year-over-year).
- 2015: Revenue of $174K, expenses of $147K, and assets of $31K (revenue +68.0% year-over-year).
- 2014: Revenue of $103K, expenses of $128K, and assets of $50K.
Data Sources and Methodology
This transparency report for Homes For Families 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.