New Home Development Co Inc
EIN: 341674869 · Bryan, OH · NTEE: L20Z
| Metric | Value |
|---|---|
| Total Revenue | $852K |
| Total Expenses | $817K |
| Net Assets | $2.1M |
Is New Home Development Co Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Home Development Co Inc
New Home Development Co Inc (EIN: 341674869) is a nonprofit organization based in Bryan, OH, classified under NTEE code L20Z. The organization reported total revenue of $852K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Home Development Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Home Development Co Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $817K |
| Surplus / Deficit | +$414K |
| Total Assets | $3.0M |
| Total Liabilities | $886K |
| Net Assets | $2.1M |
| Operating Margin | 33.6% |
| Debt-to-Asset Ratio | 29.7% |
| Months of Reserves | 43.8 months |
Financial Health Grade: A
In 2023, New Home Development Co Inc reported a surplus of $414K with revenue exceeding expenses, holds 43.8 months of operating reserves (strong position), has a debt-to-asset ratio of 29.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Home Development Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +43.1% | +9.7% | +11.2% |
| 2022 | +31.1% | +27.7% | +2.1% |
| 2021 | -1.9% | +0.1% | +0.5% |
| 2020 | +6.1% | -1.7% | +0.1% |
| 2019 | +5.0% | +3.7% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Home Development Co 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 New Home Development Co 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $414K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.7%.
Frequently Asked Questions about New Home Development Co Inc
Is New Home Development Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Home Development Co Inc (EIN: 341674869) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Home Development Co Inc spend its money?
Detailed spending breakdown data is not yet available for New Home Development Co Inc. Check back for updated IRS 990 analysis.
Are donations to New Home Development Co Inc tax-deductible?
New Home Development Co Inc is registered as a tax-exempt nonprofit (EIN: 341674869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Home Development Co Inc located?
New Home Development Co Inc is headquartered in Bryan, Ohio and files with the IRS under EIN 341674869. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does New Home Development Co Inc have?
New Home Development Co 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 $852K in total revenue.
Filing History
IRS 990 filing history for New Home Development Co Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Home Development Co Inc's revenue has grown by 157.4%, moving from $478K to $1.2M. Total assets increased by 78.5% over the same period, from $1.7M to $3.0M. Total functional expenses rose by 70.7%, from $479K to $817K. In its most recent filing year (2023), New Home Development Co Inc reported a surplus of $414K, with revenue exceeding expenses. The organization holds $886K in liabilities against $3.0M in assets (debt-to-asset ratio: 29.7%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $817K | $3.0M | $886K | — | — |
| 2022 | $860K | $745K | $2.7M | $999K | — | View 990 |
| 2021 | $656K | $583K | $2.6M | $1.1M | — | View 990 |
| 2020 | $669K | $583K | $2.6M | $1.1M | — | View 990 |
| 2019 | $630K | $593K | $2.6M | $1.2M | — | View 990 |
| 2018 | $600K | $572K | $2.6M | $1.2M | — | View 990 |
| 2017 | $533K | $542K | $2.6M | $1.3M | — | View 990 |
| 2016 | $1.0M | $517K | $2.7M | $1.3M | — | View 990 |
| 2015 | $864K | $477K | $2.1M | $1.1M | — | View 990 |
| 2014 | $536K | $495K | $1.6M | $1.0M | — | View 990 |
| 2013 | $522K | $506K | $1.6M | $1.1M | — | View 990 |
| 2012 | $478K | $470K | $1.6M | $1.1M | — | View 990 |
| 2011 | $478K | $479K | $1.7M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $817K, and assets of $3.0M (revenue +43.1% year-over-year).
- 2022: Revenue of $860K, expenses of $745K, and assets of $2.7M (revenue +31.1% year-over-year).
- 2021: Revenue of $656K, expenses of $583K, and assets of $2.6M (revenue -1.9% year-over-year).
- 2020: Revenue of $669K, expenses of $583K, and assets of $2.6M (revenue +6.1% year-over-year).
- 2019: Revenue of $630K, expenses of $593K, and assets of $2.6M (revenue +5.0% year-over-year).
- 2018: Revenue of $600K, expenses of $572K, and assets of $2.6M (revenue +12.6% year-over-year).
- 2017: Revenue of $533K, expenses of $542K, and assets of $2.6M (revenue -47.8% year-over-year).
- 2016: Revenue of $1.0M, expenses of $517K, and assets of $2.7M (revenue +18.3% year-over-year).
- 2015: Revenue of $864K, expenses of $477K, and assets of $2.1M (revenue +61.0% year-over-year).
- 2014: Revenue of $536K, expenses of $495K, and assets of $1.6M (revenue +2.8% year-over-year).
- 2013: Revenue of $522K, expenses of $506K, and assets of $1.6M (revenue +9.1% year-over-year).
- 2012: Revenue of $478K, expenses of $470K, and assets of $1.6M (revenue +-0.0% year-over-year).
- 2011: Revenue of $478K, expenses of $479K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Home Development Co Inc:
Data Sources and Methodology
This transparency report for New Home Development Co 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.