Housing With Heart Inc
Housing With Heart Inc shows consistent growth and no executive compensation, with a recent deficit in 2023.
EIN: 10813367 · Irvine, CA · NTEE: P11 · Updated: 2026-03-28
Is Housing With Heart Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing With Heart Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing With Heart Inc
Housing With Heart Inc (EIN: 10813367) is a nonprofit organization based in Irvine, CA, classified under NTEE code P11. The organization reported total revenue of $9.4M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing With Heart Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing With Heart Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-537,083 |
| Total Assets | $1.6M |
| Total Liabilities | $1.6M |
| Net Assets | $-41,391 |
| Operating Margin | -11.3% |
| Debt-to-Asset Ratio | 102.6% |
| Months of Reserves | 3.6 months |
Financial Health Grade: C
In 2023, Housing With Heart Inc reported a deficit of $537K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 102.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing With Heart Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.0% | +33.7% | +32.0% |
| 2022 | +18.3% | +18.3% | +26.5% |
| 2021 | +25.0% | +21.5% | +3.7% |
| 2020 | +18.7% | +16.3% | +2.6% |
| 2019 | -9.8% | -1.8% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 With Heart Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Housing With Heart Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $537K, with expenses exceeding revenue.
- Debt-to-asset ratio: 102.6%.
Executive Compensation Analysis
Housing With Heart Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size with latest revenue of $4,754,649.
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 With Heart Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest filing period (202312), resulting in a net deficit of $537,083 ($4,754,649 revenue vs. $5,291,732 expenses).
- Liabilities ($1,609,786) slightly exceeded assets ($1,568,395) in the 2023 filing, indicating a negative net asset position for that year.
Strengths
The following positive indicators were identified for Housing With Heart Inc:
- Consistent revenue growth over the past decade, from $1,786,932 in 2014 to $4,754,649 in 2023.
- Zero officer compensation reported across all available filings, indicating strong financial transparency and mission focus.
- Significant asset growth, from $251,861 in 2014 to $1,568,395 in 2023.
- Generally good expense management, with expenses closely tracking revenue in most years.
- Long filing history (13 filings) demonstrates consistent compliance and operational longevity.
Frequently Asked Questions about Housing With Heart Inc
Is Housing With Heart Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Housing With Heart Inc (EIN: 10813367) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Housing With Heart Inc spend its money?
Housing With Heart Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Housing With Heart Inc tax-deductible?
Housing With Heart Inc is registered as a tax-exempt nonprofit (EIN: 10813367). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Housing With Heart Inc financially stable?
Yes, Housing With Heart Inc demonstrates strong financial stability with consistent revenue growth from $1,786,932 in 2014 to $4,754,649 in 2023, and assets growing from $251,861 to $1,568,395 over the same period. While 2023 showed expenses exceeding revenue, this appears to be an isolated event in a trend of balanced finances.
How does Housing With Heart Inc manage executive compensation?
Housing With Heart Inc reports 0% officer compensation in all available IRS 990 filings, indicating that no executive salaries are paid, which is a strong positive for directing funds to its mission.
Has Housing With Heart Inc been growing?
Yes, the organization has shown significant growth, with revenue increasing from $1,786,932 in 2014 to $4,754,649 in 2023, and assets growing from $251,861 to $1,568,395 over the same period.
What is the organization's asset-to-liability ratio?
In 2023, Housing With Heart Inc had assets of $1,568,395 and liabilities of $1,609,786, resulting in an asset-to-liability ratio of approximately 0.97:1. While liabilities slightly exceeded assets in 2023, previous years showed assets comfortably exceeding liabilities, such as 2022 with assets of $1,188,171 and liabilities of $692,479 (ratio of 1.72:1).
Filing History
IRS 990 filing history for Housing With Heart Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing With Heart Inc's revenue has grown by 164.9%, moving from $1.8M to $4.8M. Total assets increased by 441.1% over the same period, from $290K to $1.6M. Total functional expenses rose by 193.1%, from $1.8M to $5.3M. In its most recent filing year (2023), Housing With Heart Inc reported a deficit of $537K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $1.6M in assets (debt-to-asset ratio: 102.6%), resulting in net assets of $-41,391.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $5.3M | $1.6M | $1.6M | — | — |
| 2022 | $4.0M | $4.0M | $1.2M | $692K | — | View 990 |
| 2021 | $3.4M | $3.3M | $939K | $482K | — | View 990 |
| 2020 | $2.7M | $2.8M | $905K | $480K | — | View 990 |
| 2019 | $2.3M | $2.4M | $882K | $408K | — | View 990 |
| 2018 | $2.5M | $2.4M | $868K | $302K | — | View 990 |
| 2017 | $2.3M | $2.1M | $803K | $349K | — | View 990 |
| 2016 | $2.0M | $1.9M | $684K | $394K | — | View 990 |
| 2015 | $1.6M | $1.6M | $284K | $67K | — | View 990 |
| 2014 | $1.8M | $1.6M | $252K | $54K | — | View 990 |
| 2013 | $1.7M | $1.8M | $136K | $101K | — | View 990 |
| 2012 | $1.8M | $1.9M | $195K | $113K | — | View 990 |
| 2011 | $1.8M | $1.8M | $290K | $97K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $5.3M, and assets of $1.6M (revenue +19.0% year-over-year).
- 2022: Revenue of $4.0M, expenses of $4.0M, and assets of $1.2M (revenue +18.3% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.3M, and assets of $939K (revenue +25.0% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.8M, and assets of $905K (revenue +18.7% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.4M, and assets of $882K (revenue -9.8% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.4M, and assets of $868K (revenue +9.7% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.1M, and assets of $803K (revenue +13.9% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.9M, and assets of $684K (revenue +24.2% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $284K (revenue -9.0% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.6M, and assets of $252K (revenue +4.2% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.8M, and assets of $136K (revenue -4.3% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.9M, and assets of $195K (revenue -0.1% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.8M, and assets of $290K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing With Heart Inc:
Data Sources and Methodology
This transparency report for Housing With Heart 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.