Housing Operations Management Enterprises Inc
Housing Operations Management Enterprises Inc: Stable Finances, High Program Spending
EIN: 222873559 · New Haven, CT · NTEE: L80Z · Updated: 2026-04-04
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.
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.
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
What does Housing Operations Management Enterprises Inc do?
Housing Operations Management Enterprises Inc is a nonprofit organization in the Housing & Shelter sector, located in New Haven, Connecticut. It is classified under NTEE code L80Z.
How much revenue does Housing Operations Management Enterprises Inc have?
Housing Operations Management Enterprises Inc reported total revenue of $1,454,278. Based on 14 IRS 990 filings on record.
What are Housing Operations Management Enterprises Inc's total assets?
Housing Operations Management Enterprises Inc holds total assets of $9,791,827 as reported in IRS 990 filings.
Where is Housing Operations Management Enterprises Inc located?
Housing Operations Management Enterprises Inc is based in New Haven, Connecticut.
What is Housing Operations Management Enterprises Inc's EIN?
Housing Operations Management Enterprises Inc's Employer Identification Number (EIN) is 222873559. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Housing Operations Management Enterprises Inc?
Housing Operations Management Enterprises Inc is classified under NTEE code L80Z (Housing & Shelter).
Is Housing Operations Management Enterprises Inc a registered 501(c)(3)?
Yes, Housing Operations Management Enterprises Inc is recognized as a tax-exempt organization by the IRS. EIN: 222873559.
Does Housing Operations Management Enterprises Inc file IRS Form 990?
Yes, Housing Operations Management Enterprises Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202403.
What was Housing Operations Management Enterprises Inc's revenue in 2024?
In the 202403 filing period, Housing Operations Management Enterprises Inc reported total revenue of $1,634,445, total expenses of $1,845,940, and net assets of $10,578,721.
Is Housing Operations Management Enterprises Inc's revenue growing or declining?
Housing Operations Management Enterprises Inc's revenue is growing. Revenue went from $1,365,688 (202303) to $1,634,445 (202403), a +19.7% change. Based on 14 filings on record.
What is Housing Operations Management Enterprises Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Housing Operations Management Enterprises Inc covers tax period 202403. It shows revenue of $1,634,445, expenses of $1,845,940, total assets of $10,578,721, and liabilities of $6,515,295.
How much does Housing Operations Management Enterprises Inc spend on programs vs administration?
Based on IRS 990 analysis, Housing Operations Management Enterprises Inc allocates approximately 89% of expenses to program services, 6% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Housing Operations Management Enterprises Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Housing Operations Management Enterprises Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Housing Operations Management Enterprises Inc's strengths?
Positive indicators for Housing Operations Management Enterprises Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Housing Operations Management Enterprises Inc compensate executives?
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 disclosure of officer, director, and key employee pay.
How does the organization manage to maintain a high program spending ratio despite fluctuating revenues?
The organization consistently allocates a significant portion of its expenses to programs, with 89% in 2024 ($1,634,445 out of $1,845,940 total expenses). This suggests efficient operational management and a strong commitment to its mission, potentially by controlling administrative and fundraising costs.
What is the trend in the organization's net assets over the past five years?
The organization has shown a positive trend in net assets. From 2020 to 2024, total assets increased from $6,973,913 to $10,578,721, while liabilities remained relatively stable or decreased, indicating a strengthening financial position.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1.6M | $1.8M | $10.6M | $6.5M | — | View 990 |
| 2023 | $1.4M | $1.4M | $7.3M | $3.0M | — | — |
| 2022 | $1.7M | $1.5M | $7.3M | $3.1M | — | View 990 |
| 2021 | $1.6M | $1.5M | $7.0M | $3.0M | — | — |
| 2020 | $1.1M | $1.6M | $7.0M | $0 | — | View 990 |
| 2019 | $1.3M | $1.5M | $7.4M | $3.0M | — | View 990 |
| 2018 | $1.8M | $1.4M | $7.8M | $3.2M | — | — |
| 2017 | $1.2M | $1.3M | $7.1M | $2.9M | — | View 990 |
| 2016 | $1.7M | $1.4M | $7.1M | $2.9M | — | View 990 |
| 2015 | $1.6M | $1.4M | $6.6M | $2.6M | — | View 990 |
| 2014 | $1.6M | $1.4M | $7.1M | $3.3M | — | View 990 |
| 2013 | $3.5M | $1.4M | $6.7M | $2.9M | — | View 990 |
| 2012 | $1.3M | $1.2M | $10.5M | $8.1M | — | View 990 |
| 2011 | $1.0M | $949K | $8.4M | $6.0M | — | View 990 |
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.
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.