Nonprofit Mortgage
EIN: 811629552 · Minneapolis, MN · NTEE: L80
| Metric | Value |
|---|---|
| Total Revenue | $397K |
| Total Expenses | $359K |
| Net Assets | $101K |
Is Nonprofit Mortgage Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nonprofit Mortgage
Nonprofit Mortgage (EIN: 811629552) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code L80. The organization reported total revenue of $397K and total assets of $119K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nonprofit Mortgage's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nonprofit Mortgage is a small nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 33.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $359K |
| Total Expenses | $359K |
| Surplus / Deficit | $-611 |
| Total Assets | $141K |
| Total Liabilities | $40K |
| Net Assets | $101K |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 28.3% |
| Months of Reserves | 4.7 months |
Financial Health Grade: B
In 2023, Nonprofit Mortgage reported a deficit of $611 with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 28.3% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), Nonprofit Mortgage's revenue has grown at a compound annual growth rate (CAGR) of 33.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.8% | +27.0% | -50.9% |
| 2022 | +56.6% | +66.3% | +154.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nonprofit Mortgage 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 Nonprofit Mortgage 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 $611, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.3%.
Frequently Asked Questions about Nonprofit Mortgage
Is Nonprofit Mortgage a legitimate charity?
Nonprofit Mortgage (EIN: 811629552) is a registered tax-exempt nonprofit based in Minnesota. It has 3 years of IRS 990 filings on record. Total revenue: $397K. No red flags identified. Financial health grade: B.
How does Nonprofit Mortgage spend its money?
Nonprofit Mortgage reported $397K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nonprofit Mortgage tax-deductible?
Nonprofit Mortgage is registered as a tax-exempt nonprofit (EIN: 811629552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nonprofit Mortgage located?
Nonprofit Mortgage is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 811629552. It is classified under NTEE code L80.
How many years of IRS 990 filings does Nonprofit Mortgage have?
Nonprofit Mortgage has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $397K in total revenue.
Filing History
IRS 990 filing history for Nonprofit Mortgage showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Nonprofit Mortgage's revenue has grown by 78.3%, moving from $201K to $359K. Total assets increased by 24.7% over the same period, from $113K to $141K. Total functional expenses rose by 111.2%, from $170K to $359K. In its most recent filing year (2023), Nonprofit Mortgage reported a deficit of $611, with expenses exceeding revenue. The organization holds $40K in liabilities against $141K in assets (debt-to-asset ratio: 28.3%), resulting in net assets of $101K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $359K | $359K | $141K | $40K | — | View 990 |
| 2022 | $315K | $283K | $288K | $186K | — | View 990 |
| 2021 | $201K | $170K | $113K | $4K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $359K, expenses of $359K, and assets of $141K (revenue +13.8% year-over-year).
- 2022: Revenue of $315K, expenses of $283K, and assets of $288K (revenue +56.6% year-over-year).
- 2021: Revenue of $201K, expenses of $170K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nonprofit Mortgage:
Data Sources and Methodology
This transparency report for Nonprofit Mortgage 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.