Housing Opportunities & Management Enterprises Inc
Housing Opportunities & Management Enterprises Inc: Stable Revenue, High Liabilities
EIN: 222982463 · Lynn, MA · NTEE: L200 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $721K |
| Total Expenses | $764K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $416K |
| Transparency Score | 75/100 |
Is Housing Opportunities & Management Enterprises Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Opportunities & Management Enterprises Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Opportunities & Management Enterprises Inc
Housing Opportunities & Management Enterprises Inc (EIN: 222982463) is a nonprofit organization based in Lynn, MA, classified under NTEE code L200. The organization reported total revenue of $721K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Opportunities & Management Enterprises Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Opportunities & Management Enterprises Inc is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $659K |
| Total Expenses | $764K |
| Surplus / Deficit | $-105,479 |
| Total Assets | $1.3M |
| Total Liabilities | $896K |
| Net Assets | $416K |
| Operating Margin | -16.0% |
| Debt-to-Asset Ratio | 68.3% |
| Months of Reserves | 20.6 months |
Financial Health Grade: C
In 2023, Housing Opportunities & Management Enterprises Inc reported a deficit of $105K with expenses exceeding revenue, holds 20.6 months of operating reserves (strong position), has a debt-to-asset ratio of 68.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing Opportunities & Management Enterprises Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | -14.4% | +30.0% |
| 2022 | +10.1% | +78.3% | -47.6% |
| 2021 | +4.6% | -2.1% | +23.7% |
| 2020 | -5.0% | +4.1% | +22.5% |
| 2019 | -8.6% | -0.2% | +27.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Opportunities & 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Housing Opportunities & Management Enterprises Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $105K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.3%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no individual compensation exceeding $100,000 in recent 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.
Red Flags
The following concerns were identified during AI analysis of Housing Opportunities & Management Enterprises Inc's IRS 990 filings:
- Liabilities have consistently been high, reaching $896,318 in 2023, which is a significant portion of their total assets ($1,312,565).
- The organization reported $0 cash in 2023, 2022, and 2021, which could indicate liquidity challenges.
- Expenses have exceeded revenue in several years, notably in 2022 ($893,080 expenses vs. $686,513 revenue).
Strengths
The following positive indicators were identified for Housing Opportunities & Management Enterprises Inc:
- Consistent revenue generation over the past several years, averaging around $600,000-$700,000 annually.
- Assets have shown growth, increasing from $996,839 in 2018 to $1,312,565 in 2023.
- The organization has maintained a stable presence in Lynn, MA, for many years, indicating community trust and established operations.
Frequently Asked Questions about Housing Opportunities & Management Enterprises Inc
Is Housing Opportunities & Management Enterprises Inc a legitimate charity?
Housing Opportunities & Management Enterprises Inc (EIN: 222982463) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $721K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Housing Opportunities & Management Enterprises Inc spend its money?
Housing Opportunities & Management Enterprises Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Housing Opportunities & Management Enterprises Inc tax-deductible?
Housing Opportunities & Management Enterprises Inc is registered as a tax-exempt nonprofit (EIN: 222982463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Housing Opportunities & Management Enterprises Inc CEO make?
Housing Opportunities & Management Enterprises Inc's highest-compensated officer earns $100,000 annually. The organization reported $721K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Housing Opportunities & Management Enterprises Inc's spending goes to programs?
Housing Opportunities & Management Enterprises Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing Opportunities & Management Enterprises Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Housing Opportunities & Management Enterprises Inc is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing Opportunities & Management Enterprises Inc located?
Housing Opportunities & Management Enterprises Inc is headquartered in Lynn, Massachusetts and files with the IRS under EIN 222982463. It is classified under NTEE code L200.
How many years of IRS 990 filings does Housing Opportunities & Management Enterprises Inc have?
Housing Opportunities & Management Enterprises 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 $721K in total revenue.
What does Housing Opportunities & Management Enterprises Inc do?
Housing Opportunities & Management Enterprises Inc is a nonprofit organization in the Housing & Shelter sector, located in Lynn, Massachusetts. It is classified under NTEE code L200.
How much revenue does Housing Opportunities & Management Enterprises Inc have?
Housing Opportunities & Management Enterprises Inc reported total revenue of $720,666. Based on 13 IRS 990 filings on record.
What are Housing Opportunities & Management Enterprises Inc's total assets?
Housing Opportunities & Management Enterprises Inc holds total assets of $1,162,002 as reported in IRS 990 filings.
Where is Housing Opportunities & Management Enterprises Inc located?
Housing Opportunities & Management Enterprises Inc is based in Lynn, Massachusetts.
What is Housing Opportunities & Management Enterprises Inc's EIN?
Housing Opportunities & Management Enterprises Inc's Employer Identification Number (EIN) is 222982463. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Housing Opportunities & Management Enterprises Inc?
Housing Opportunities & Management Enterprises Inc is classified under NTEE code L200 (Housing & Shelter).
Is Housing Opportunities & Management Enterprises Inc a registered 501(c)(3)?
Yes, Housing Opportunities & Management Enterprises Inc is recognized as a tax-exempt organization by the IRS. EIN: 222982463.
Does Housing Opportunities & Management Enterprises Inc file IRS Form 990?
Yes, Housing Opportunities & Management Enterprises Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Housing Opportunities & Management Enterprises Inc's revenue in 2023?
In the 202306 filing period, Housing Opportunities & Management Enterprises Inc reported total revenue of $658,770, total expenses of $764,249, and net assets of $1,312,565.
Is Housing Opportunities & Management Enterprises Inc's revenue growing or declining?
Housing Opportunities & Management Enterprises Inc's revenue is relatively stable. Revenue went from $686,513 (202206) to $658,770 (202306), a -4.0% change. Based on 13 filings on record.
What is Housing Opportunities & Management Enterprises Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Housing Opportunities & Management Enterprises Inc covers tax period 202306. It shows revenue of $658,770, expenses of $764,249, total assets of $1,312,565, and liabilities of $896,318.
How much does Housing Opportunities & Management Enterprises Inc spend on programs vs administration?
Based on IRS 990 analysis, Housing Opportunities & Management Enterprises Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Housing Opportunities & Management Enterprises Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Housing Opportunities & Management Enterprises Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Housing Opportunities & Management Enterprises Inc?
The following concerns were identified: Liabilities have consistently been high, reaching $896,318 in 2023, which is a significant portion of their total assets ($1,312,565).. The organization reported $0 cash in 2023, 2022, and 2021, which could indicate liquidity challenges.. Expenses have exceeded revenue in several years, notably in 2022 ($893,080 expenses vs. $686,513 revenue).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Housing Opportunities & Management Enterprises Inc's strengths?
Positive indicators for Housing Opportunities & Management Enterprises Inc include: Consistent revenue generation over the past several years, averaging around $600,000-$700,000 annually.. Assets have shown growth, increasing from $996,839 in 2018 to $1,312,565 in 2023.. The organization has maintained a stable presence in Lynn, MA, for many years, indicating community trust and established operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Housing Opportunities & Management Enterprises Inc compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no individual compensation exceeding $100,000 in recent filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 cash on hand, how does HOME Inc. manage its day-to-day operational liquidity and cover immediate expenses?
The consistent $0 cash balance suggests that HOME Inc. likely operates on a very tight cash flow management system, potentially relying on immediate receipt of grants or program payments to cover expenses, or utilizing lines of credit not explicitly detailed as 'cash' on the balance sheet.
What is the primary driver behind the significant increase in liabilities from $488,210 in 2022 to $896,318 in 2023, and how does this impact their long-term financial stability?
Without more detailed financial statements, it's difficult to pinpoint the exact driver. This increase could be due to new program funding received in advance, deferred revenue, or increased debt. Such a substantial rise in liabilities relative to assets could pose a risk to long-term stability if not managed effectively, potentially indicating reliance on borrowed funds or future obligations.
Filing History
IRS 990 filing history for Housing Opportunities & Management Enterprises Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing Opportunities & Management Enterprises Inc's revenue has grown by 44.9%, moving from $455K to $659K. Total assets increased by 79.5% over the same period, from $731K to $1.3M. Total functional expenses rose by 69%, from $452K to $764K. In its most recent filing year (2023), Housing Opportunities & Management Enterprises Inc reported a deficit of $105K, with expenses exceeding revenue. The organization holds $896K in liabilities against $1.3M in assets (debt-to-asset ratio: 68.3%), resulting in net assets of $416K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $659K | $764K | $1.3M | $896K | — | View 990 |
| 2022 | $687K | $893K | $1.0M | $488K | — | View 990 |
| 2021 | $623K | $501K | $1.9M | $1.2M | — | — |
| 2020 | $596K | $512K | $1.6M | $952K | — | View 990 |
| 2019 | $627K | $491K | $1.3M | $750K | — | View 990 |
| 2018 | $686K | $492K | $997K | $611K | — | View 990 |
| 2017 | $571K | $482K | $904K | $712K | — | View 990 |
| 2016 | $561K | $562K | $708K | $605K | — | View 990 |
| 2015 | $531K | $507K | $713K | $609K | — | View 990 |
| 2014 | $447K | $480K | $685K | $605K | — | View 990 |
| 2013 | $493K | $446K | $800K | $687K | — | View 990 |
| 2012 | $443K | $461K | $761K | $695K | — | View 990 |
| 2011 | $455K | $452K | $731K | $647K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $659K, expenses of $764K, and assets of $1.3M (revenue -4.0% year-over-year).
- 2022: Revenue of $687K, expenses of $893K, and assets of $1.0M (revenue +10.1% year-over-year).
- 2021: Revenue of $623K, expenses of $501K, and assets of $1.9M (revenue +4.6% year-over-year).
- 2020: Revenue of $596K, expenses of $512K, and assets of $1.6M (revenue -5.0% year-over-year).
- 2019: Revenue of $627K, expenses of $491K, and assets of $1.3M (revenue -8.6% year-over-year).
- 2018: Revenue of $686K, expenses of $492K, and assets of $997K (revenue +20.3% year-over-year).
- 2017: Revenue of $571K, expenses of $482K, and assets of $904K (revenue +1.7% year-over-year).
- 2016: Revenue of $561K, expenses of $562K, and assets of $708K (revenue +5.6% year-over-year).
- 2015: Revenue of $531K, expenses of $507K, and assets of $713K (revenue +18.8% year-over-year).
- 2014: Revenue of $447K, expenses of $480K, and assets of $685K (revenue -9.4% year-over-year).
- 2013: Revenue of $493K, expenses of $446K, and assets of $800K (revenue +11.4% year-over-year).
- 2012: Revenue of $443K, expenses of $461K, and assets of $761K (revenue -2.6% year-over-year).
- 2011: Revenue of $455K, expenses of $452K, and assets of $731K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Opportunities & Management Enterprises Inc:
Data Sources and Methodology
This transparency report for Housing Opportunities & 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.