Homes For Life Foundation
EIN: 311671140 · Wilmington, DE · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $831K |
| Total Expenses | $531K |
| Net Assets | $3.2M |
Is Homes For Life Foundation 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 Life Foundation
Homes For Life Foundation (EIN: 311671140) is a nonprofit organization based in Wilmington, DE, classified under NTEE code L20. The organization reported total revenue of $831K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homes For Life Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homes For Life Foundation is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $231K |
| Total Expenses | $531K |
| Surplus / Deficit | $-300,199 |
| Total Assets | $3.2M |
| Net Assets | $3.2M |
| Operating Margin | -129.8% |
| Months of Reserves | 72.0 months |
Financial Health Grade: B
In 2024, Homes For Life Foundation reported a deficit of $300K with expenses exceeding revenue, holds 72.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Homes For Life Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +108.1% | +2443.0% | -7.8% |
| 2023 | -54.8% | -91.9% | +6.4% |
| 2022 | -34.5% | +1282.9% | -15.0% |
| 2021 | +113.1% | -17.3% | +19.2% |
| 2020 | -22.8% | +2.5% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Homes For Life Foundation 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 Life Foundation 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 deficit of $300K, with expenses exceeding revenue.
Frequently Asked Questions about Homes For Life Foundation
Is Homes For Life Foundation a legitimate charity?
Homes For Life Foundation (EIN: 311671140) is a registered tax-exempt nonprofit based in Delaware. It has 13 years of IRS 990 filings on record. Total revenue: $831K. No red flags identified. Financial health grade: B.
How does Homes For Life Foundation spend its money?
Homes For Life Foundation reported $831K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Homes For Life Foundation tax-deductible?
Homes For Life Foundation is registered as a tax-exempt nonprofit (EIN: 311671140). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Homes For Life Foundation located?
Homes For Life Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 311671140. It is classified under NTEE code L20.
How many years of IRS 990 filings does Homes For Life Foundation have?
Homes For Life Foundation 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 $831K in total revenue.
Filing History
IRS 990 filing history for Homes For Life Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Homes For Life Foundation's revenue has grown by 209.5%, moving from $75K to $231K. Total assets increased by 85.2% over the same period, from $1.7M to $3.2M. Total functional expenses rose by 352.9%, from $117K to $531K. In its most recent filing year (2024), Homes For Life Foundation reported a deficit of $300K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $231K | $531K | $3.2M | $0 | — | — |
| 2023 | $111K | $21K | $3.5M | $0 | — | — |
| 2022 | $246K | $259K | $3.3M | $0 | — | View 990 |
| 2021 | $375K | $19K | $3.8M | $0 | — | View 990 |
| 2020 | $176K | $23K | $3.2M | $0 | — | View 990 |
| 2019 | $228K | $22K | $3.1M | $245 | — | View 990 |
| 2018 | $111K | $26K | $2.8M | $0 | — | — |
| 2017 | $189K | $34K | $2.6M | $0 | — | View 990 |
| 2016 | $141K | $31K | $2.4M | $0 | — | View 990 |
| 2015 | $446K | $442K | $2.3M | $0 | — | View 990 |
| 2014 | $505K | $85K | $2.4M | $0 | — | View 990 |
| 2013 | $144K | $82K | $1.8M | $0 | — | View 990 |
| 2012 | $75K | $117K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $231K, expenses of $531K, and assets of $3.2M (revenue +108.1% year-over-year).
- 2023: Revenue of $111K, expenses of $21K, and assets of $3.5M (revenue -54.8% year-over-year).
- 2022: Revenue of $246K, expenses of $259K, and assets of $3.3M (revenue -34.5% year-over-year).
- 2021: Revenue of $375K, expenses of $19K, and assets of $3.8M (revenue +113.1% year-over-year).
- 2020: Revenue of $176K, expenses of $23K, and assets of $3.2M (revenue -22.8% year-over-year).
- 2019: Revenue of $228K, expenses of $22K, and assets of $3.1M (revenue +105.6% year-over-year).
- 2018: Revenue of $111K, expenses of $26K, and assets of $2.8M (revenue -41.3% year-over-year).
- 2017: Revenue of $189K, expenses of $34K, and assets of $2.6M (revenue +33.7% year-over-year).
- 2016: Revenue of $141K, expenses of $31K, and assets of $2.4M (revenue -68.3% year-over-year).
- 2015: Revenue of $446K, expenses of $442K, and assets of $2.3M (revenue -11.6% year-over-year).
- 2014: Revenue of $505K, expenses of $85K, and assets of $2.4M (revenue +250.1% year-over-year).
- 2013: Revenue of $144K, expenses of $82K, and assets of $1.8M (revenue +92.9% year-over-year).
- 2012: Revenue of $75K, expenses of $117K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homes For Life Foundation:
Data Sources and Methodology
This transparency report for Homes For Life Foundation 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.