Korner Homes Inc
EIN: 581394455 · Winstonsalem, NC · NTEE: L22Z
About Korner Homes Inc
Korner Homes Inc (EIN: 581394455) is a nonprofit organization based in Winstonsalem, NC, classified under NTEE code L22Z. The organization reported total revenue of $831K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korner Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Korner Homes 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 Korner Homes 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.
Filing History
IRS 990 filing history for Korner Homes Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Korner Homes Inc's revenue has grown by 22.1%, moving from $635K to $776K. Total assets decreased by 21.8% over the same period, from $1.8M to $1.4M. Total functional expenses fell by 5.7%, from $728K to $686K. In its most recent filing year (2023), Korner Homes Inc reported a surplus of $90K, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $1.4M in assets (debt-to-asset ratio: 152.8%), resulting in net assets of $-760,205.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $776K | $686K | $1.4M | $2.2M | — | View 990 |
| 2022 | $757K | $716K | $1.4M | $2.3M | — | View 990 |
| 2021 | $750K | $729K | $1.5M | $2.4M | — | — |
| 2020 | $710K | $661K | $1.6M | $2.5M | — | View 990 |
| 2019 | $696K | $678K | $1.6M | $2.5M | — | View 990 |
| 2018 | $703K | $647K | $1.6M | $2.6M | — | View 990 |
| 2017 | $689K | $651K | $1.6M | $2.7M | — | View 990 |
| 2016 | $672K | $641K | $1.6M | $2.7M | — | View 990 |
| 2015 | $674K | $643K | $1.6M | $2.7M | — | View 990 |
| 2014 | $665K | $662K | $1.7M | $2.8M | — | View 990 |
| 2013 | $653K | $656K | $1.7M | $2.8M | — | View 990 |
| 2012 | $648K | $756K | $1.7M | $2.9M | — | View 990 |
| 2011 | $635K | $728K | $1.8M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $776K, expenses of $686K, and assets of $1.4M (revenue +2.4% year-over-year).
- 2022: Revenue of $757K, expenses of $716K, and assets of $1.4M (revenue +0.9% year-over-year).
- 2021: Revenue of $750K, expenses of $729K, and assets of $1.5M (revenue +5.6% year-over-year).
- 2020: Revenue of $710K, expenses of $661K, and assets of $1.6M (revenue +2.1% year-over-year).
- 2019: Revenue of $696K, expenses of $678K, and assets of $1.6M (revenue -1.0% year-over-year).
- 2018: Revenue of $703K, expenses of $647K, and assets of $1.6M (revenue +2.0% year-over-year).
- 2017: Revenue of $689K, expenses of $651K, and assets of $1.6M (revenue +2.6% year-over-year).
- 2016: Revenue of $672K, expenses of $641K, and assets of $1.6M (revenue -0.4% year-over-year).
- 2015: Revenue of $674K, expenses of $643K, and assets of $1.6M (revenue +1.4% year-over-year).
- 2014: Revenue of $665K, expenses of $662K, and assets of $1.7M (revenue +1.8% year-over-year).
- 2013: Revenue of $653K, expenses of $656K, and assets of $1.7M (revenue +0.8% year-over-year).
- 2012: Revenue of $648K, expenses of $756K, and assets of $1.7M (revenue +2.0% year-over-year).
- 2011: Revenue of $635K, expenses of $728K, and assets of $1.8M.
Data Sources and Methodology
This transparency report for Korner Homes 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.