Laborers Home Development Corporation
EIN: 371374621 · S Jacksonvle, IL · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.4M |
| Net Assets | $17.2M |
Is Laborers Home Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Laborers Home Development Corporation
Laborers Home Development Corporation (EIN: 371374621) is a nonprofit organization based in S Jacksonvle, IL, classified under NTEE code S41. The organization reported total revenue of $1.9M and total assets of $18.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laborers Home Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laborers Home Development Corporation is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-73,527 |
| Total Assets | $17.2M |
| Total Liabilities | $9K |
| Net Assets | $17.2M |
| Operating Margin | -5.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 152.3 months |
Financial Health Grade: B
In 2023, Laborers Home Development Corporation reported a deficit of $74K with expenses exceeding revenue, holds 152.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Laborers Home Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.3% | +119.9% | -0.5% |
| 2022 | -62.3% | -71.4% | +1.3% |
| 2022 | +35.2% | +73.8% | +179.6% |
| 2021 | +3.3% | -3.7% | +2.1% |
| 2020 | +79.2% | +10.9% | +14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Laborers Home Development Corporation 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 Laborers Home Development Corporation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Laborers Home Development Corporation
Is Laborers Home Development Corporation a legitimate charity?
Laborers Home Development Corporation (EIN: 371374621) is a registered tax-exempt nonprofit based in Illinois. It has 14 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. Financial health grade: B.
How does Laborers Home Development Corporation spend its money?
Laborers Home Development Corporation reported $1.9M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Laborers Home Development Corporation tax-deductible?
Laborers Home Development Corporation is registered as a tax-exempt nonprofit (EIN: 371374621). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Laborers Home Development Corporation located?
Laborers Home Development Corporation is headquartered in S Jacksonvle, Illinois and files with the IRS under EIN 371374621. It is classified under NTEE code S41.
How many years of IRS 990 filings does Laborers Home Development Corporation have?
Laborers Home Development Corporation has 14 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 $1.9M in total revenue.
Filing History
IRS 990 filing history for Laborers Home Development Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Laborers Home Development Corporation's revenue has grown by 124.6%, moving from $572K to $1.3M. Total assets increased by 518% over the same period, from $2.8M to $17.2M. Total functional expenses rose by 124.1%, from $606K to $1.4M. In its most recent filing year (2023), Laborers Home Development Corporation reported a deficit of $74K, with expenses exceeding revenue. The organization holds $9K in liabilities against $17.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $17.2M | $9K | — | — |
| 2022 | $828K | $618K | $17.3M | $14K | — | — |
| 2022 | $2.2M | $2.2M | $17.1M | $9K | — | View 990 |
| 2021 | $1.6M | $1.2M | $6.1M | $1.1M | — | View 990 |
| 2020 | $1.6M | $1.3M | $6.0M | $1.4M | — | View 990 |
| 2019 | $878K | $1.2M | $5.3M | $917K | — | View 990 |
| 2018 | $753K | $979K | $5.5M | $921K | — | View 990 |
| 2017 | $832K | $1.0M | $5.8M | $962K | — | View 990 |
| 2016 | $1.2M | $991K | $5.9M | $904K | — | View 990 |
| 2015 | $2.1M | $861K | $5.5M | $688K | — | View 990 |
| 2014 | $1.9M | $910K | $4.1M | $284K | — | View 990 |
| 2013 | $1.1M | $758K | $2.8M | $16K | — | View 990 |
| 2012 | $358K | $678K | $2.5M | $8K | — | View 990 |
| 2011 | $572K | $606K | $2.8M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $17.2M (revenue +55.3% year-over-year).
- 2022: Revenue of $828K, expenses of $618K, and assets of $17.3M (revenue -62.3% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.2M, and assets of $17.1M (revenue +35.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.2M, and assets of $6.1M (revenue +3.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.3M, and assets of $6.0M (revenue +79.2% year-over-year).
- 2019: Revenue of $878K, expenses of $1.2M, and assets of $5.3M (revenue +16.6% year-over-year).
- 2018: Revenue of $753K, expenses of $979K, and assets of $5.5M (revenue -9.5% year-over-year).
- 2017: Revenue of $832K, expenses of $1.0M, and assets of $5.8M (revenue -33.5% year-over-year).
- 2016: Revenue of $1.2M, expenses of $991K, and assets of $5.9M (revenue -39.1% year-over-year).
- 2015: Revenue of $2.1M, expenses of $861K, and assets of $5.5M (revenue +7.7% year-over-year).
- 2014: Revenue of $1.9M, expenses of $910K, and assets of $4.1M (revenue +71.9% year-over-year).
- 2013: Revenue of $1.1M, expenses of $758K, and assets of $2.8M (revenue +209.7% year-over-year).
- 2012: Revenue of $358K, expenses of $678K, and assets of $2.5M (revenue -37.4% year-over-year).
- 2011: Revenue of $572K, expenses of $606K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laborers Home Development Corporation:
Data Sources and Methodology
This transparency report for Laborers Home Development Corporation 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.