Housing Opportunities Mean Empowerment Iii Inc
EIN: 262927632 · Chicago, IL · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $650K |
| Total Expenses | $1.1M |
| Net Assets | $-2,606,826 |
Is Housing Opportunities Mean Empowerment Iii 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 Opportunities Mean Empowerment Iii Inc
Housing Opportunities Mean Empowerment Iii Inc (EIN: 262927632) is a nonprofit organization based in Chicago, IL, classified under NTEE code L21. The organization reported total revenue of $650K and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Opportunities Mean Empowerment Iii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Opportunities Mean Empowerment Iii Inc is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2008–2019).
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $650K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-423,972 |
| Total Assets | $8.7M |
| Total Liabilities | $11.3M |
| Net Assets | $-2,606,826 |
| Operating Margin | -65.2% |
| Debt-to-Asset Ratio | 129.9% |
| Months of Reserves | 97.5 months |
Financial Health Grade: C
In 2019, Housing Opportunities Mean Empowerment Iii Inc reported a deficit of $424K with expenses exceeding revenue, holds 97.5 months of operating reserves (strong position), has a debt-to-asset ratio of 129.9% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +2.6% | +0.2% | -3.9% |
| 2018 | -1.4% | +0.8% | -5.1% |
| 2017 | -1.1% | +3.7% | -4.0% |
| 2016 | +8.4% | +6.0% | -2.6% |
| 2015 | +3.6% | +4.4% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Housing Opportunities Mean Empowerment Iii 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 Opportunities Mean Empowerment Iii 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $424K, with expenses exceeding revenue.
- Debt-to-asset ratio: 129.9%.
Frequently Asked Questions about Housing Opportunities Mean Empowerment Iii Inc
Is Housing Opportunities Mean Empowerment Iii Inc a legitimate charity?
Housing Opportunities Mean Empowerment Iii Inc (EIN: 262927632) is a registered tax-exempt nonprofit based in Illinois. It has 12 years of IRS 990 filings on record. Total revenue: $650K. No red flags identified. Financial health grade: C.
How does Housing Opportunities Mean Empowerment Iii Inc spend its money?
Housing Opportunities Mean Empowerment Iii Inc reported $650K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Housing Opportunities Mean Empowerment Iii Inc tax-deductible?
Housing Opportunities Mean Empowerment Iii Inc is registered as a tax-exempt nonprofit (EIN: 262927632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Housing Opportunities Mean Empowerment Iii Inc located?
Housing Opportunities Mean Empowerment Iii Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 262927632. It is classified under NTEE code L21.
How many years of IRS 990 filings does Housing Opportunities Mean Empowerment Iii Inc have?
Housing Opportunities Mean Empowerment Iii Inc has 12 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 $650K in total revenue.
Filing History
IRS 990 filing history for Housing Opportunities Mean Empowerment Iii Inc showing financial trends over 12 years of public records:
Total assets increased by 872876600% over the same period, from $1 to $8.7M. In its most recent filing year (2019), Housing Opportunities Mean Empowerment Iii Inc reported a deficit of $424K, with expenses exceeding revenue. The organization holds $11.3M in liabilities against $8.7M in assets (debt-to-asset ratio: 129.9%), resulting in net assets of $-2,606,826.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $650K | $1.1M | $8.7M | $11.3M | — | View 990 |
| 2018 | $634K | $1.1M | $9.1M | $11.3M | — | View 990 |
| 2017 | $643K | $1.1M | $9.6M | $11.3M | — | View 990 |
| 2016 | $650K | $1.0M | $10.0M | $11.3M | — | View 990 |
| 2015 | $600K | $968K | $10.2M | $11.2M | — | View 990 |
| 2014 | $579K | $927K | $10.6M | $11.2M | — | View 990 |
| 2013 | $557K | $924K | $10.9M | $11.2M | — | View 990 |
| 2012 | $515K | $915K | $11.3M | $11.2M | — | View 990 |
| 2011 | $55K | $219K | $10.9M | $10.4M | — | — |
| 2010 | $0 | $0 | $699K | $0 | — | — |
| 2009 | $0 | $0 | $370K | $0 | — | — |
| 2008 | $0 | $0 | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2019: Revenue of $650K, expenses of $1.1M, and assets of $8.7M (revenue +2.6% year-over-year).
- 2018: Revenue of $634K, expenses of $1.1M, and assets of $9.1M (revenue -1.4% year-over-year).
- 2017: Revenue of $643K, expenses of $1.1M, and assets of $9.6M (revenue -1.1% year-over-year).
- 2016: Revenue of $650K, expenses of $1.0M, and assets of $10.0M (revenue +8.4% year-over-year).
- 2015: Revenue of $600K, expenses of $968K, and assets of $10.2M (revenue +3.6% year-over-year).
- 2014: Revenue of $579K, expenses of $927K, and assets of $10.6M (revenue +3.8% year-over-year).
- 2013: Revenue of $557K, expenses of $924K, and assets of $10.9M (revenue +8.3% year-over-year).
- 2012: Revenue of $515K, expenses of $915K, and assets of $11.3M (revenue +829.6% year-over-year).
- 2011: Revenue of $55K, expenses of $219K, and assets of $10.9M.
- 2010: Revenue of $0, expenses of $0, and assets of $699K.
- 2009: Revenue of $0, expenses of $0, and assets of $370K.
- 2008: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Opportunities Mean Empowerment Iii Inc:
Data Sources and Methodology
This transparency report for Housing Opportunities Mean Empowerment Iii 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.