Housing Of Olivia Inc
EIN: 237329242 · Montevideo, MN
| Metric | Value |
|---|---|
| Total Revenue | $247K |
| Total Expenses | $286K |
| Net Assets | $16K |
Is Housing Of Olivia Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Housing Of Olivia Inc
Housing Of Olivia Inc (EIN: 237329242) is a nonprofit organization based in Montevideo, MN. The organization reported total revenue of $247K and total assets of $615K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Of Olivia Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Of Olivia Inc is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $236K |
| Total Expenses | $286K |
| Surplus / Deficit | $-49,744 |
| Total Assets | $646K |
| Total Liabilities | $629K |
| Net Assets | $16K |
| Operating Margin | -21.1% |
| Debt-to-Asset Ratio | 97.5% |
| Months of Reserves | 27.1 months |
Financial Health Grade: C
In 2023, Housing Of Olivia Inc reported a deficit of $50K with expenses exceeding revenue, holds 27.1 months of operating reserves (strong position), has a debt-to-asset ratio of 97.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing Of Olivia Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.5% | -10.3% | -5.9% |
| 2022 | -9.5% | +15.1% | -6.0% |
| 2021 | +21.2% | +0.9% | +2.2% |
| 2020 | -7.2% | -9.3% | -3.4% |
| 2019 | +0.2% | +5.7% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Housing Of Olivia Inc 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 Housing Of Olivia Inc 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 $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 97.5%.
Frequently Asked Questions about Housing Of Olivia Inc
Is Housing Of Olivia Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Housing Of Olivia Inc (EIN: 237329242) insufficient data. 0 red flags identified, 0 strengths noted.
How does Housing Of Olivia Inc spend its money?
Detailed spending breakdown data is not yet available for Housing Of Olivia Inc. Check back for updated IRS 990 analysis.
Are donations to Housing Of Olivia Inc tax-deductible?
Housing Of Olivia Inc is registered as a tax-exempt nonprofit (EIN: 237329242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Housing Of Olivia Inc located?
Housing Of Olivia Inc is headquartered in Montevideo, Minnesota and files with the IRS under EIN 237329242.
How many years of IRS 990 filings does Housing Of Olivia Inc have?
Housing Of Olivia Inc 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 $247K in total revenue.
Filing History
IRS 990 filing history for Housing Of Olivia Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing Of Olivia Inc's revenue has grown by 126.4%, moving from $104K to $236K. Total assets decreased by 24.2% over the same period, from $852K to $646K. Total functional expenses rose by 323.7%, from $67K to $286K. In its most recent filing year (2023), Housing Of Olivia Inc reported a deficit of $50K, with expenses exceeding revenue. The organization holds $629K in liabilities against $646K in assets (debt-to-asset ratio: 97.5%), resulting in net assets of $16K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $236K | $286K | $646K | $629K | — | View 990 |
| 2022 | $283K | $319K | $686K | $620K | — | View 990 |
| 2021 | $313K | $277K | $730K | $628K | — | — |
| 2020 | $258K | $275K | $714K | $648K | — | — |
| 2019 | $278K | $303K | $739K | $656K | — | View 990 |
| 2018 | $277K | $287K | $778K | $667K | — | View 990 |
| 2017 | $250K | $305K | $797K | $676K | — | View 990 |
| 2016 | $268K | $268K | $860K | $684K | — | View 990 |
| 2015 | $257K | $239K | $869K | $693K | — | View 990 |
| 2014 | $259K | $237K | $856K | $699K | — | View 990 |
| 2013 | $97K | $66K | $870K | $734K | — | View 990 |
| 2012 | $92K | $67K | $882K | $777K | — | View 990 |
| 2011 | $104K | $67K | $852K | $772K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $236K, expenses of $286K, and assets of $646K (revenue -16.5% year-over-year).
- 2022: Revenue of $283K, expenses of $319K, and assets of $686K (revenue -9.5% year-over-year).
- 2021: Revenue of $313K, expenses of $277K, and assets of $730K (revenue +21.2% year-over-year).
- 2020: Revenue of $258K, expenses of $275K, and assets of $714K (revenue -7.2% year-over-year).
- 2019: Revenue of $278K, expenses of $303K, and assets of $739K (revenue +0.2% year-over-year).
- 2018: Revenue of $277K, expenses of $287K, and assets of $778K (revenue +10.8% year-over-year).
- 2017: Revenue of $250K, expenses of $305K, and assets of $797K (revenue -6.6% year-over-year).
- 2016: Revenue of $268K, expenses of $268K, and assets of $860K (revenue +4.3% year-over-year).
- 2015: Revenue of $257K, expenses of $239K, and assets of $869K (revenue -0.7% year-over-year).
- 2014: Revenue of $259K, expenses of $237K, and assets of $856K (revenue +166.8% year-over-year).
- 2013: Revenue of $97K, expenses of $66K, and assets of $870K (revenue +5.8% year-over-year).
- 2012: Revenue of $92K, expenses of $67K, and assets of $882K (revenue -12.2% year-over-year).
- 2011: Revenue of $104K, expenses of $67K, and assets of $852K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Of Olivia Inc:
Data Sources and Methodology
This transparency report for Housing Of Olivia 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.