Providence Master Homeowners Association
Providence Master Homeowners Association maintains stable finances with growing assets and no reported officer compensation.
EIN: 200794474 · Las Vegas, NV · NTEE: S22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $2.8M |
| Program Spending | 90% |
| Net Assets | $2.5M |
| Transparency Score | 85/100 |
Is Providence Master Homeowners Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Providence Master Homeowners Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Providence Master Homeowners Association
Providence Master Homeowners Association (EIN: 200794474) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code S22. The organization reported total revenue of $3.5M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Providence Master Homeowners Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Providence Master Homeowners Association is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-146,349 |
| Total Assets | $5.8M |
| Total Liabilities | $3.3M |
| Net Assets | $2.5M |
| Operating Margin | -5.5% |
| Debt-to-Asset Ratio | 56.8% |
| Months of Reserves | 24.8 months |
Financial Health Grade: C
In 2023, Providence Master Homeowners Association reported a deficit of $146K with expenses exceeding revenue, holds 24.8 months of operating reserves (strong position), has a debt-to-asset ratio of 56.8% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.7% | +1.1% | +15.8% |
| 2022 | -34.1% | -23.4% | +57.2% |
| 2021 | -19.0% | -48.5% | -0.4% |
| 2020 | +37.1% | +53.3% | -22.0% |
| 2019 | +6.2% | +20.9% | -1.8% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Providence Master Homeowners Association with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Providence Master Homeowners Association allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $146K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through a third-party management structure, which is a positive for resource allocation.
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 Providence Master Homeowners Association's IRS 990 filings:
- Significant increase in liabilities from $1,630,481 in 2021 to $3,313,381 in 2023, warranting further investigation into their nature.
- Occasional years where expenses exceed revenue, such as in 2023 and 2020, which could indicate reliance on reserves or future revenue adjustments.
Strengths
The following positive indicators were identified for Providence Master Homeowners Association:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for operational purposes.
- Healthy growth in assets from $3,203,236 in 2021 to $5,831,227 in 2023, demonstrating financial stability.
- Long history of IRS 990 filings (11 filings), indicating good transparency and compliance.
- Overall stable revenue and expense patterns over the past decade, suggesting sound financial management.
Frequently Asked Questions about Providence Master Homeowners Association
Is Providence Master Homeowners Association a legitimate charity?
Providence Master Homeowners Association (EIN: 200794474) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $3.5M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Providence Master Homeowners Association spend its money?
Providence Master Homeowners Association directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Providence Master Homeowners Association tax-deductible?
Providence Master Homeowners Association is registered as a tax-exempt nonprofit (EIN: 200794474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Providence Master Homeowners Association's spending goes to programs?
Providence Master Homeowners Association directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Providence Master Homeowners Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Providence Master Homeowners Association is above average for NTEE category S22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Providence Master Homeowners Association located?
Providence Master Homeowners Association is headquartered in Las Vegas, Nevada and files with the IRS under EIN 200794474. It is classified under NTEE code S22.
How many years of IRS 990 filings does Providence Master Homeowners Association have?
Providence Master Homeowners Association 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 $3.5M in total revenue.
What is the nature of the organization's liabilities, which reached $3,313,381 in 2023?
The IRS 990 summary data does not provide a detailed breakdown of liabilities. These could include deferred revenues, accounts payable, or long-term debt related to community maintenance or improvement projects.
How does the organization manage its expenses, given that expenses sometimes exceed revenue, such as in 2023 ($2,815,935 expenses vs. $2,669,586 revenue)?
Minor deficits in a single year can be managed through reserves built in prior years or by adjusting future budgets. HOAs often operate on a cyclical budget, where large capital projects might cause temporary deficits.
What specific services or programs does the 'programs' spending category encompass for a homeowners association?
For an HOA, 'programs' typically refer to direct services for homeowners, such as maintenance of common areas, landscaping, security, amenities management, and community events, which are central to its mission.
Filing History
IRS 990 filing history for Providence Master Homeowners Association showing financial trends over 11 years of public records:
Total assets increased by 19.8% over the same period, from $4.9M to $5.8M. In its most recent filing year (2023), Providence Master Homeowners Association reported a deficit of $146K, with expenses exceeding revenue. The organization holds $3.3M in liabilities against $5.8M in assets (debt-to-asset ratio: 56.8%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.8M | $5.8M | $3.3M | — | View 990 |
| 2022 | $3.0M | $2.8M | $5.0M | $3.3M | — | View 990 |
| 2021 | $4.5M | $3.6M | $3.2M | $1.6M | — | View 990 |
| 2020 | $5.6M | $7.1M | $3.2M | $2.5M | — | — |
| 2019 | $4.1M | $4.6M | $4.1M | $1.2M | — | View 990 |
| 2018 | $3.8M | $3.8M | $4.2M | $719K | — | View 990 |
| 2017 | $3.8M | $3.7M | $4.1M | $643K | — | View 990 |
| 2016 | $3.7M | $3.6M | $4.0M | $735K | — | View 990 |
| 2015 | $3.5M | $3.1M | $3.9M | $629K | — | View 990 |
| 2014 | $1.1M | $2.6M | $4.7M | $1.8M | — | View 990 |
| 2013 | $0 | $0 | $4.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.8M, and assets of $5.8M (revenue -10.7% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.8M, and assets of $5.0M (revenue -34.1% year-over-year).
- 2021: Revenue of $4.5M, expenses of $3.6M, and assets of $3.2M (revenue -19.0% year-over-year).
- 2020: Revenue of $5.6M, expenses of $7.1M, and assets of $3.2M (revenue +37.1% year-over-year).
- 2019: Revenue of $4.1M, expenses of $4.6M, and assets of $4.1M (revenue +6.2% year-over-year).
- 2018: Revenue of $3.8M, expenses of $3.8M, and assets of $4.2M (revenue +1.9% year-over-year).
- 2017: Revenue of $3.8M, expenses of $3.7M, and assets of $4.1M (revenue +3.3% year-over-year).
- 2016: Revenue of $3.7M, expenses of $3.6M, and assets of $4.0M (revenue +3.9% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.1M, and assets of $3.9M (revenue +226.9% year-over-year).
- 2014: Revenue of $1.1M, expenses of $2.6M, and assets of $4.7M.
- 2013: Revenue of $0, expenses of $0, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Providence Master Homeowners Association:
Data Sources and Methodology
This transparency report for Providence Master Homeowners Association 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.