Ojitos Frios Ranches Homeowners Association Unit 1
Ojitos Frios Ranches HOA reports zero current revenue and assets, with a deficit in its last filing.
EIN: 10848333 · Las Vegas, NM · NTEE: L50 · Updated: 2026-03-27
Is Ojitos Frios Ranches Homeowners Association Unit 1 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ojitos Frios Ranches Homeowners Association Unit 1 directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ojitos Frios Ranches Homeowners Association Unit 1
Ojitos Frios Ranches Homeowners Association Unit 1 (EIN: 10848333) is a nonprofit organization based in Las Vegas, NM, classified under NTEE code L50. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ojitos Frios Ranches Homeowners Association Unit 1's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ojitos Frios Ranches Homeowners Association Unit 1 with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ojitos Frios Ranches Homeowners Association Unit 1 allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Officer compensation was reported as 0% in the 202005 filing, indicating that the organization's leadership is likely volunteer-based or receives no direct salary, which is typical for very small HOAs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ojitos Frios Ranches Homeowners Association Unit 1's IRS 990 filings:
- Significant deficit in the 202005 filing (expenses $26,487 vs. revenue $14,103)
- Latest reported revenue and assets are $0, raising questions about current operational status.
Strengths
The following positive indicators were identified for Ojitos Frios Ranches Homeowners Association Unit 1:
- No reported officer compensation in the 202005 filing, suggesting volunteer leadership.
- Low liabilities ($0 in 202005 filing) indicates a lack of debt.
Frequently Asked Questions about Ojitos Frios Ranches Homeowners Association Unit 1
Is Ojitos Frios Ranches Homeowners Association Unit 1 a legitimate charity?
Based on AI analysis of IRS 990 filings, Ojitos Frios Ranches Homeowners Association Unit 1 (EIN: 10848333) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Ojitos Frios Ranches Homeowners Association Unit 1 spend its money?
Ojitos Frios Ranches Homeowners Association Unit 1 directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ojitos Frios Ranches Homeowners Association Unit 1 tax-deductible?
Ojitos Frios Ranches Homeowners Association Unit 1 is registered as a tax-exempt nonprofit (EIN: 10848333). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant difference between revenue ($14,103) and expenses ($26,487) in the 202005 filing?
The 202005 filing shows expenses exceeding revenue by $12,384, indicating a deficit for that period. This could be due to one-time capital expenditures, deferred maintenance, or a temporary shortfall in member contributions.
Why are current revenue and assets reported as $0, despite previous activity?
The latest data showing $0 revenue and assets could indicate a reporting lag, a period of inactivity, or that the most recent filing available to the analyst is not fully up-to-date with the organization's current operational status. Further investigation into more recent filings would be needed.
Filing History
IRS 990 filing history for Ojitos Frios Ranches Homeowners Association Unit 1 showing financial trends over 1 year of public records:
In its most recent filing year (2020), Ojitos Frios Ranches Homeowners Association Unit 1 reported a deficit of $12K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2020 | $14K | $26K | $4K | $0 | — | — |
Data Sources and Methodology
This transparency report for Ojitos Frios Ranches Homeowners Association Unit 1 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.