Norfolk Area Habitat For Humanity
EIN: 470774831 · Norfolk, NE
| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $23K |
| Net Assets | $1.2M |
Is Norfolk Area Habitat For Humanity Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Norfolk Area Habitat For Humanity
Norfolk Area Habitat For Humanity (EIN: 470774831) is a nonprofit organization based in Norfolk, NE. The organization reported total revenue of $59K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norfolk Area Habitat For Humanity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norfolk Area Habitat For Humanity is a micro nonprofit that has been operating for 39 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -20.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $23K |
| Surplus / Deficit | +$17K |
| Total Assets | $1.4M |
| Total Liabilities | $207K |
| Net Assets | $1.2M |
| Operating Margin | 41.6% |
| Debt-to-Asset Ratio | 15.0% |
| Months of Reserves | 712.8 months |
Financial Health Grade: A
In 2023, Norfolk Area Habitat For Humanity reported a surplus of $17K with revenue exceeding expenses, holds 712.8 months of operating reserves (strong position), has a debt-to-asset ratio of 15.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Norfolk Area Habitat For Humanity's revenue has declined at a compound annual growth rate (CAGR) of -20.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.7% | -31.5% | +0.9% |
| 2020 | -29.2% | -70.9% | +1.4% |
| 2019 | -70.5% | -66.8% | -2.9% |
| 2018 | +55.9% | +247.3% | +1.9% |
| 2017 | -32.7% | -57.0% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Norfolk Area Habitat For Humanity 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 Norfolk Area Habitat For Humanity 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 $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.0%.
Frequently Asked Questions about Norfolk Area Habitat For Humanity
Is Norfolk Area Habitat For Humanity a legitimate charity?
Norfolk Area Habitat For Humanity (EIN: 470774831) is a registered tax-exempt nonprofit based in Nebraska. It has 11 years of IRS 990 filings on record. Total revenue: $59K. No red flags identified. Financial health grade: A.
How does Norfolk Area Habitat For Humanity spend its money?
Norfolk Area Habitat For Humanity reported $59K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Norfolk Area Habitat For Humanity tax-deductible?
Norfolk Area Habitat For Humanity is registered as a tax-exempt nonprofit (EIN: 470774831). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Norfolk Area Habitat For Humanity located?
Norfolk Area Habitat For Humanity is headquartered in Norfolk, Nebraska and files with the IRS under EIN 470774831.
How many years of IRS 990 filings does Norfolk Area Habitat For Humanity have?
Norfolk Area Habitat For Humanity has 11 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 $59K in total revenue.
Filing History
IRS 990 filing history for Norfolk Area Habitat For Humanity showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Norfolk Area Habitat For Humanity's revenue has declined by 93.8%, moving from $645K to $40K. Total assets increased by 11.9% over the same period, from $1.2M to $1.4M. Total functional expenses fell by 95.9%, from $568K to $23K. In its most recent filing year (2023), Norfolk Area Habitat For Humanity reported a surplus of $17K, with revenue exceeding expenses. The organization holds $207K in liabilities against $1.4M in assets (debt-to-asset ratio: 15.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40K | $23K | $1.4M | $207K | — | — |
| 2020 | $69K | $34K | $1.4M | $346K | — | — |
| 2019 | $98K | $116K | $1.3M | $368K | — | View 990 |
| 2018 | $332K | $351K | $1.4M | $390K | — | View 990 |
| 2017 | $213K | $101K | $1.4M | $345K | — | View 990 |
| 2016 | $317K | $235K | $1.3M | $410K | — | View 990 |
| 2015 | $105K | $91K | $1.3M | $460K | — | View 990 |
| 2014 | $82K | $36K | $1.3M | $469K | — | View 990 |
| 2013 | $171K | $173K | $1.3M | $493K | — | View 990 |
| 2012 | $236K | $201K | $1.3M | $486K | — | View 990 |
| 2011 | $645K | $568K | $1.2M | $501K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40K, expenses of $23K, and assets of $1.4M (revenue -42.7% year-over-year).
- 2020: Revenue of $69K, expenses of $34K, and assets of $1.4M (revenue -29.2% year-over-year).
- 2019: Revenue of $98K, expenses of $116K, and assets of $1.3M (revenue -70.5% year-over-year).
- 2018: Revenue of $332K, expenses of $351K, and assets of $1.4M (revenue +55.9% year-over-year).
- 2017: Revenue of $213K, expenses of $101K, and assets of $1.4M (revenue -32.7% year-over-year).
- 2016: Revenue of $317K, expenses of $235K, and assets of $1.3M (revenue +200.6% year-over-year).
- 2015: Revenue of $105K, expenses of $91K, and assets of $1.3M (revenue +29.0% year-over-year).
- 2014: Revenue of $82K, expenses of $36K, and assets of $1.3M (revenue -52.2% year-over-year).
- 2013: Revenue of $171K, expenses of $173K, and assets of $1.3M (revenue -27.6% year-over-year).
- 2012: Revenue of $236K, expenses of $201K, and assets of $1.3M (revenue -63.5% year-over-year).
- 2011: Revenue of $645K, expenses of $568K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norfolk Area Habitat For Humanity:
Data Sources and Methodology
This transparency report for Norfolk Area Habitat For Humanity 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.