Homes For Hope
Homes For Hope shows strong revenue growth and no reported officer compensation, maintaining solid financial health.
EIN: 208825926 · Lancaster, PA · NTEE: T990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $3.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $4.0M |
| Transparency Score | 92/100 |
Is Homes For Hope Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Homes For Hope directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homes For Hope
Homes For Hope (EIN: 208825926) is a nonprofit organization based in Lancaster, PA, classified under NTEE code T990. The organization reported total revenue of $3.4M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homes For Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homes For Hope is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.3M |
| Surplus / Deficit | +$146K |
| Total Assets | $4.5M |
| Total Liabilities | $431K |
| Net Assets | $4.0M |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 9.7% |
| Months of Reserves | 16.1 months |
Financial Health Grade: A
In 2023, Homes For Hope reported a surplus of $146K with revenue exceeding expenses, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 9.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Homes For Hope's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.2% | +19.6% | +3.9% |
| 2022 | +85.1% | +63.0% | +3.6% |
| 2021 | -27.3% | +19.7% | +0.1% |
| 2020 | +90.9% | -6.4% | +5.6% |
| 2019 | -72.7% | +65.8% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Homes For Hope 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, Homes For Hope 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 surplus of $146K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.7%.
Executive Compensation Analysis
Homes For Hope reported 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, directors, or trustees. This is highly unusual for an organization of its size with over $3 million in annual revenue and suggests either a fully volunteer-led executive team or that executive compensation is reported under other expense categories, which would warrant further investigation.
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 Hope's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which may obscure actual executive remuneration if it's reported elsewhere.
Strengths
The following positive indicators were identified for Homes For Hope:
- Consistent revenue growth, with revenue increasing from $1.48 million in 2021 to $3.46 million in 2023.
- Strong financial stability with assets consistently exceeding liabilities, reaching $4.45 million in assets against $431,292 in liabilities in 2023.
- Excellent program efficiency indicated by the absence of reported officer compensation, suggesting a high percentage of funds directly supporting the mission.
- Consistent IRS 990 filing history over 13 periods, demonstrating commitment to transparency.
Frequently Asked Questions about Homes For Hope
Is Homes For Hope a legitimate charity?
Based on AI analysis of IRS 990 filings, Homes For Hope (EIN: 208825926) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Homes For Hope spend its money?
Homes For Hope directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Homes For Hope tax-deductible?
Homes For Hope is registered as a tax-exempt nonprofit (EIN: 208825926). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Homes For Hope CEO make?
Homes For Hope's highest-compensated officer earns $3 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Homes For Hope's spending goes to programs?
Homes For Hope directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Homes For Hope compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Homes For Hope is above average for NTEE category T990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Homes For Hope located?
Homes For Hope is headquartered in Lancaster, Pennsylvania and files with the IRS under EIN 208825926. It is classified under NTEE code T990.
How many years of IRS 990 filings does Homes For Hope have?
Homes For Hope 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.
How does Homes For Hope manage to operate without reported officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean the executive leadership is entirely volunteer-based, or their compensation is categorized differently within the expense structure, which would require a deeper dive into their detailed financial statements.
What is the primary source of Homes For Hope's significant revenue growth in recent years?
While the provided data shows revenue growth from $1.48 million in 2021 to $3.46 million in 2023, the specific sources (e.g., grants, donations, program service revenue) are not detailed in this summary. Further analysis of their full IRS 990 forms would be needed to identify these drivers.
What is the organization's long-term strategy for managing its liabilities, which have fluctuated?
Liabilities have fluctuated, from $10,656 in 2020 to $431,292 in 2023. While the current liability level is manageable relative to assets, understanding the nature of these liabilities (e.g., program-related, operational debt) and the strategy for their management would provide further insight into financial planning.
Filing History
IRS 990 filing history for Homes For Hope showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Homes For Hope's revenue has grown by 395.2%, moving from $699K to $3.5M. Total assets increased by 231.8% over the same period, from $1.3M to $4.5M. Total functional expenses rose by 268.4%, from $899K to $3.3M. In its most recent filing year (2023), Homes For Hope reported a surplus of $146K, with revenue exceeding expenses. The organization holds $431K in liabilities against $4.5M in assets (debt-to-asset ratio: 9.7%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.3M | $4.5M | $431K | — | — |
| 2022 | $2.7M | $2.8M | $4.3M | $409K | — | — |
| 2021 | $1.5M | $1.7M | $4.1M | $232K | — | View 990 |
| 2020 | $2.0M | $1.4M | $4.1M | $11K | — | — |
| 2019 | $1.1M | $1.5M | $3.9M | $407K | — | View 990 |
| 2018 | $3.9M | $915K | $4.0M | $11K | — | View 990 |
| 2017 | $1.1M | $1.2M | $1.1M | $101K | — | View 990 |
| 2016 | $681K | $862K | $1.9M | $930K | — | View 990 |
| 2015 | $1.4M | $1.2M | $1.5M | $311K | — | View 990 |
| 2014 | $975K | $1.1M | $1.1M | $62K | — | View 990 |
| 2013 | $560K | $549K | $1.1M | $7K | — | View 990 |
| 2012 | $445K | $652K | $1.2M | $24K | — | View 990 |
| 2011 | $699K | $899K | $1.3M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.3M, and assets of $4.5M (revenue +26.2% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.8M, and assets of $4.3M (revenue +85.1% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.7M, and assets of $4.1M (revenue -27.3% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.4M, and assets of $4.1M (revenue +90.9% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.5M, and assets of $3.9M (revenue -72.7% year-over-year).
- 2018: Revenue of $3.9M, expenses of $915K, and assets of $4.0M (revenue +240.1% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $1.1M (revenue +68.4% year-over-year).
- 2016: Revenue of $681K, expenses of $862K, and assets of $1.9M (revenue -52.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.2M, and assets of $1.5M (revenue +47.2% year-over-year).
- 2014: Revenue of $975K, expenses of $1.1M, and assets of $1.1M (revenue +74.0% year-over-year).
- 2013: Revenue of $560K, expenses of $549K, and assets of $1.1M (revenue +25.8% year-over-year).
- 2012: Revenue of $445K, expenses of $652K, and assets of $1.2M (revenue -36.3% year-over-year).
- 2011: Revenue of $699K, expenses of $899K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homes For Hope:
Data Sources and Methodology
This transparency report for Homes For Hope 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.