Project Home Development Corporation
EIN: 391947692 · Madison, WI · NTEE: L19
| Metric | Value |
|---|---|
| Total Revenue | $477K |
| Total Expenses | $528K |
| Net Assets | $-1,307,823 |
Is Project 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 Project Home Development Corporation
Project Home Development Corporation (EIN: 391947692) is a nonprofit organization based in Madison, WI, classified under NTEE code L19. The organization reported total revenue of $477K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Home Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Home Development Corporation is a small nonprofit that has been operating for 12 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $598K |
| Total Expenses | $528K |
| Surplus / Deficit | +$70K |
| Total Assets | $2.2M |
| Total Liabilities | $3.5M |
| Net Assets | $-1,307,823 |
| Operating Margin | 11.7% |
| Debt-to-Asset Ratio | 159.1% |
| Months of Reserves | 50.3 months |
Financial Health Grade: A
In 2023, Project Home Development Corporation reported a surplus of $70K with revenue exceeding expenses, holds 50.3 months of operating reserves (strong position), has a debt-to-asset ratio of 159.1% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Project Home Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.0% | +3.3% | -5.2% |
| 2022 | +3.8% | +28.3% | -7.1% |
| 2021 | +12.4% | +11.9% | +105.7% |
| 2020 | -7.9% | -17.7% | +7.5% |
| 2019 | +1.8% | -15.2% | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project 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 Project 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 surplus of $70K, with revenue exceeding expenses.
- Debt-to-asset ratio: 159.1%.
Frequently Asked Questions about Project Home Development Corporation
Is Project Home Development Corporation a legitimate charity?
Project Home Development Corporation (EIN: 391947692) is a registered tax-exempt nonprofit based in Wisconsin. It has 7 years of IRS 990 filings on record. Total revenue: $477K. No red flags identified. Financial health grade: A.
How does Project Home Development Corporation spend its money?
Project Home Development Corporation reported $477K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Project Home Development Corporation tax-deductible?
Project Home Development Corporation is registered as a tax-exempt nonprofit (EIN: 391947692). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project Home Development Corporation located?
Project Home Development Corporation is headquartered in Madison, Wisconsin and files with the IRS under EIN 391947692. It is classified under NTEE code L19.
How many years of IRS 990 filings does Project Home Development Corporation have?
Project Home Development Corporation has 7 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 $477K in total revenue.
Filing History
IRS 990 filing history for Project Home Development Corporation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Project Home Development Corporation's revenue has grown by 61%, moving from $372K to $598K. Total assets increased by 68% over the same period, from $1.3M to $2.2M. Total functional expenses rose by 18.8%, from $445K to $528K. In its most recent filing year (2023), Project Home Development Corporation reported a surplus of $70K, with revenue exceeding expenses. The organization holds $3.5M in liabilities against $2.2M in assets (debt-to-asset ratio: 159.1%), resulting in net assets of $-1,307,823.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $598K | $528K | $2.2M | $3.5M | — | — |
| 2022 | $412K | $511K | $2.3M | $3.7M | — | View 990 |
| 2021 | $397K | $399K | $2.5M | $3.8M | — | View 990 |
| 2020 | $354K | $356K | $1.2M | $2.5M | — | View 990 |
| 2019 | $384K | $433K | $1.1M | $2.4M | — | View 990 |
| 2018 | $377K | $510K | $1.2M | $2.4M | — | View 990 |
| 2017 | $372K | $445K | $1.3M | $2.4M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $598K, expenses of $528K, and assets of $2.2M (revenue +45.0% year-over-year).
- 2022: Revenue of $412K, expenses of $511K, and assets of $2.3M (revenue +3.8% year-over-year).
- 2021: Revenue of $397K, expenses of $399K, and assets of $2.5M (revenue +12.4% year-over-year).
- 2020: Revenue of $354K, expenses of $356K, and assets of $1.2M (revenue -7.9% year-over-year).
- 2019: Revenue of $384K, expenses of $433K, and assets of $1.1M (revenue +1.8% year-over-year).
- 2018: Revenue of $377K, expenses of $510K, and assets of $1.2M (revenue +1.5% year-over-year).
- 2017: Revenue of $372K, expenses of $445K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Home Development Corporation:
Data Sources and Methodology
This transparency report for Project 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.