Homes With Hope Inc
Homes With Hope Inc: Stable Finances, Consistent Program Spending
EIN: 222534326 · Westport, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $3.5M |
| Program Spending | 85% |
| Net Assets | $3.3M |
| Transparency Score | 75/100 |
Is Homes With Hope Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Homes With Hope Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homes With Hope Inc
Homes With Hope Inc (EIN: 222534326) is a nonprofit organization based in Westport, CT. The organization reported total revenue of $3.8M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homes With Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homes With Hope Inc is a mid-size nonprofit that has been operating for 42 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$278K |
| Total Assets | $6.0M |
| Total Liabilities | $2.7M |
| Net Assets | $3.3M |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 44.3% |
| Months of Reserves | 20.8 months |
Financial Health Grade: A
In 2023, Homes With Hope Inc reported a surplus of $278K with revenue exceeding expenses, holds 20.8 months of operating reserves (strong position), has a debt-to-asset ratio of 44.3% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Homes With Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.7% | +17.7% | +8.2% |
| 2022 | -3.6% | -2.5% | +7.0% |
| 2021 | +12.3% | +15.2% | +9.2% |
| 2020 | +6.5% | -7.7% | +12.9% |
| 2019 | +10.7% | -2.1% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 With Hope 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Homes With Hope Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $278K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.3%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific compensation figures for key personnel, as the provided data only includes total expenses.
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.
Strengths
The following positive indicators were identified for Homes With Hope Inc:
- Consistent revenue generation over the past several years, with 2023 revenue at $3,746,266.
- Healthy asset base, growing from $4,168,825 in 2018 to $5,999,565 in 2023.
- Low liability-to-asset ratio, indicating strong financial stability.
Frequently Asked Questions about Homes With Hope Inc
Is Homes With Hope Inc a legitimate charity?
Homes With Hope Inc (EIN: 222534326) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.8M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Homes With Hope Inc spend its money?
Homes With Hope Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Homes With Hope Inc tax-deductible?
Homes With Hope Inc is registered as a tax-exempt nonprofit (EIN: 222534326). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Homes With Hope Inc's spending goes to programs?
Homes With Hope Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Homes With Hope Inc located?
Homes With Hope Inc is headquartered in Westport, Connecticut and files with the IRS under EIN 222534326.
How many years of IRS 990 filings does Homes With Hope Inc have?
Homes With Hope Inc 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 $3.8M in total revenue.
What does Homes With Hope Inc do?
Homes With Hope Inc is a nonprofit organization in the Unknown sector, located in Westport, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Homes With Hope Inc have?
Homes With Hope Inc reported total revenue of $3,784,010. Based on 14 IRS 990 filings on record.
What are Homes With Hope Inc's total assets?
Homes With Hope Inc holds total assets of $6,876,369 as reported in IRS 990 filings.
Where is Homes With Hope Inc located?
Homes With Hope Inc is based in Westport, Connecticut.
What is Homes With Hope Inc's EIN?
Homes With Hope Inc's Employer Identification Number (EIN) is 222534326. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Homes With Hope Inc?
Homes With Hope Inc is classified under NTEE code Unknown (Unknown).
Is Homes With Hope Inc a registered 501(c)(3)?
Homes With Hope Inc appears in IRS records (EIN: 222534326). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Homes With Hope Inc file IRS Form 990?
Yes, Homes With Hope Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Homes With Hope Inc's revenue in 2023?
In the 202312 filing period, Homes With Hope Inc reported total revenue of $3,746,266, total expenses of $3,467,999, and net assets of $5,999,565.
Is Homes With Hope Inc's revenue growing or declining?
Homes With Hope Inc's revenue is growing. Revenue went from $3,325,170 (202212) to $3,746,266 (202312), a +12.7% change. Based on 14 filings on record.
What is Homes With Hope Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Homes With Hope Inc covers tax period 202312. It shows revenue of $3,746,266, expenses of $3,467,999, total assets of $5,999,565, and liabilities of $2,659,553.
How much does Homes With Hope Inc spend on programs vs administration?
Based on IRS 990 analysis, Homes With Hope Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Homes With Hope Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Homes With Hope Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Homes With Hope Inc's strengths?
Positive indicators for Homes With Hope Inc include: Consistent revenue generation over the past several years, with 2023 revenue at $3,746,266.. Healthy asset base, growing from $4,168,825 in 2018 to $5,999,565 in 2023.. Low liability-to-asset ratio, indicating strong financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Homes With Hope Inc compensate executives?
Executive compensation cannot be assessed without specific compensation figures for key personnel, as the provided data only includes total expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Homes With Hope Inc?
• Financial statements are consistently available through 990 filings. • No specific program details or impact metrics are readily available in the provided data. • Executive compensation details are not explicitly broken out in the provided financial summaries. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What specific programs does Homes With Hope Inc operate, and what are their measurable impacts?
The provided data does not detail specific programs or their outcomes, making it difficult to assess the direct impact of their work beyond general financial health.
How does Homes With Hope Inc allocate its program spending across different initiatives?
While the data indicates a high percentage of spending on programs, it lacks the granularity to show how these funds are distributed among various initiatives or services.
Filing History
IRS 990 filing history for Homes With Hope Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Homes With Hope Inc's revenue has grown by 169.4%, moving from $1.4M to $3.7M. Total assets increased by 73.4% over the same period, from $3.5M to $6.0M. Total functional expenses rose by 81.9%, from $1.9M to $3.5M. In its most recent filing year (2023), Homes With Hope Inc reported a surplus of $278K, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $6.0M in assets (debt-to-asset ratio: 44.3%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $3.5M | $6.0M | $2.7M | — | — |
| 2022 | $3.3M | $2.9M | $5.5M | $2.6M | — | View 990 |
| 2021 | $3.4M | $3.0M | $5.2M | $2.5M | — | View 990 |
| 2020 | $3.1M | $2.6M | $4.7M | $2.5M | — | View 990 |
| 2019 | $2.9M | $2.8M | $4.2M | $2.5M | — | View 990 |
| 2018 | $2.6M | $2.9M | $4.2M | $2.5M | — | View 990 |
| 2017 | $2.7M | $3.0M | $4.5M | $2.5M | — | — |
| 2016 | $2.5M | $2.4M | $4.8M | $2.5M | — | View 990 |
| 2015 | $2.3M | $2.3M | $4.2M | $2.4M | — | View 990 |
| 2014 | $2.1M | $2.0M | $4.4M | $2.6M | — | View 990 |
| 2013 | $1.9M | $1.9M | $4.0M | $2.3M | — | View 990 |
| 2012 | $1.7M | $1.8M | $3.9M | $2.3M | — | View 990 |
| 2011 | $1.8M | $1.6M | $3.8M | $2.2M | — | View 990 |
| 2010 | $1.4M | $1.9M | $3.5M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $3.5M, and assets of $6.0M (revenue +12.7% year-over-year).
- 2022: Revenue of $3.3M, expenses of $2.9M, and assets of $5.5M (revenue -3.6% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.0M, and assets of $5.2M (revenue +12.3% year-over-year).
- 2020: Revenue of $3.1M, expenses of $2.6M, and assets of $4.7M (revenue +6.5% year-over-year).
- 2019: Revenue of $2.9M, expenses of $2.8M, and assets of $4.2M (revenue +10.7% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.9M, and assets of $4.2M (revenue -2.1% year-over-year).
- 2017: Revenue of $2.7M, expenses of $3.0M, and assets of $4.5M (revenue +6.8% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.4M, and assets of $4.8M (revenue +7.7% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.3M, and assets of $4.2M (revenue +11.8% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.0M, and assets of $4.4M (revenue +11.2% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $4.0M (revenue +6.5% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.8M, and assets of $3.9M (revenue -0.4% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.6M, and assets of $3.8M (revenue +26.1% year-over-year).
- 2010: Revenue of $1.4M, expenses of $1.9M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homes With Hope Inc:
Data Sources and Methodology
This transparency report for Homes With Hope 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.