Housing Operations Management Enterprises Inc

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Housing Operations Management Enterprises Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Housing Operations Management Enterprises Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Housing Operations Management Enterprises Inc in one place.

Is Housing Operations Management Enterprises Inc Legit?

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Housing Operations Management Enterprises Inc directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Housing Operations Management Enterprises Inc

Housing Operations Management Enterprises Inc (EIN: 222873559) is a nonprofit organization based in New Haven, CT, classified under NTEE code L80Z. The organization reported total revenue of $1.5M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Operations Management Enterprises Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Housing Operations Management Enterprises Inc is a mid-size nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.7%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2024, Housing Operations Management Enterprises Inc reported a deficit of $211K with expenses exceeding revenue, holds 68.8 months of operating reserves (strong position), has a debt-to-asset ratio of 61.6% (high leverage).

Financial Trends

Over 14 years of filings (2011–2024), Housing Operations Management Enterprises Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.

IRS Tax-Exempt Classification

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 Housing Operations Management Enterprises 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: 6%
• programs: 89%
• fundraising: 5%

According to IRS 990 filings, Housing Operations Management Enterprises Inc allocates its expenses as follows: admin: 6%, programs: 89%, fundraising: 5%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $211K, with expenses exceeding revenue.
• Debt-to-asset ratio: 61.6%.

Executive Compensation Analysis

Executive compensation cannot be assessed from the provided data, as no specific figures for individual salaries are included in the financial filings.

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 Housing Operations Management Enterprises Inc:

• Consistently high program spending, with 89% of expenses dedicated to programs in 2024.
• Healthy asset base of $10,578,721 in 2024, significantly exceeding liabilities.
• Stable revenue streams over the past several years, demonstrating financial resilience.

Frequently Asked Questions about Housing Operations Management Enterprises Inc

Filing History

IRS 990 filing history for Housing Operations Management Enterprises Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Housing Operations Management Enterprises Inc's revenue has grown by 59.7%, moving from $1.0M to $1.6M. Total assets increased by 26.1% over the same period, from $8.4M to $10.6M. Total functional expenses rose by 94.5%, from $949K to $1.8M. In its most recent filing year (2024), Housing Operations Management Enterprises Inc reported a deficit of $211K, with expenses exceeding revenue. The organization holds $6.5M in liabilities against $10.6M in assets (debt-to-asset ratio: 61.6%), resulting in net assets of $4.1M.

Year-by-Year Financial Summary

• 2024: Revenue of $1.6M, expenses of $1.8M, and assets of $10.6M (revenue +19.7% year-over-year).
• 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $7.3M (revenue -21.9% year-over-year).
• 2022: Revenue of $1.7M, expenses of $1.5M, and assets of $7.3M (revenue +12.6% year-over-year).
• 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $7.0M (revenue +36.3% year-over-year).
• 2020: Revenue of $1.1M, expenses of $1.6M, and assets of $7.0M (revenue -10.1% year-over-year).
• 2019: Revenue of $1.3M, expenses of $1.5M, and assets of $7.4M (revenue -29.9% year-over-year).
• 2018: Revenue of $1.8M, expenses of $1.4M, and assets of $7.8M (revenue +45.2% year-over-year).
• 2017: Revenue of $1.2M, expenses of $1.3M, and assets of $7.1M (revenue -25.4% year-over-year).
• 2016: Revenue of $1.7M, expenses of $1.4M, and assets of $7.1M (revenue +1.9% year-over-year).
• 2015: Revenue of $1.6M, expenses of $1.4M, and assets of $6.6M (revenue +5.5% year-over-year).
• 2014: Revenue of $1.6M, expenses of $1.4M, and assets of $7.1M (revenue -55.3% year-over-year).
• 2013: Revenue of $3.5M, expenses of $1.4M, and assets of $6.7M (revenue +177.7% year-over-year).
• 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $10.5M (revenue +22.3% year-over-year).
• 2011: Revenue of $1.0M, expenses of $949K, and assets of $8.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Housing Operations Management Enterprises Inc:

Data Sources and Methodology

This transparency report for Housing Operations Management Enterprises 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.