Salerno Home Inc
Salerno Home Inc. faces persistent operating deficits and significant liabilities, with assets declining over the past decade.
EIN: 208339010 · Birmingham, AL · NTEE: L21 · Updated: 2026-03-28
Is Salerno Home Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salerno Home Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Salerno Home Inc
Salerno Home Inc (EIN: 208339010) is a nonprofit organization based in Birmingham, AL, classified under NTEE code L21. The organization reported total revenue of $28K and total assets of $267K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salerno Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salerno Home Inc is a micro nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $41K |
| Surplus / Deficit | $-13,309 |
| Total Assets | $271K |
| Total Liabilities | $421K |
| Net Assets | $-149,266 |
| Operating Margin | -47.4% |
| Debt-to-Asset Ratio | 155.0% |
| Months of Reserves | 78.7 months |
Financial Health Grade: C
In 2024, Salerno Home Inc reported a deficit of $13K with expenses exceeding revenue, holds 78.7 months of operating reserves (strong position), has a debt-to-asset ratio of 155.0% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Salerno Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.9% | +18.1% | -3.0% |
| 2023 | +2.2% | -6.6% | -2.5% |
| 2022 | +3.9% | +24.6% | -2.7% |
| 2021 | +2.9% | -6.8% | -2.6% |
| 2020 | +0.6% | -12.7% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Salerno Home Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Salerno Home Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 155.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting either a fully volunteer-led organization or that executive compensation is embedded within other expense categories, which could obscure true administrative costs.
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 Salerno Home Inc's IRS 990 filings:
- Consistent operating deficits, with expenses regularly exceeding revenue (e.g., $41,390 expenses vs. $28,081 revenue in 2024).
- Total liabilities significantly exceed total assets (e.g., $420,641 liabilities vs. $271,375 assets in 2024), indicating potential solvency issues.
- Declining asset base over the past decade, from $343,802 in 2015 to $271,375 in 2024.
- Lack of detailed expense breakdown in summary data makes it difficult to assess program efficiency.
Strengths
The following positive indicators were identified for Salerno Home Inc:
- Consistent IRS 990 filing history, demonstrating a commitment to regulatory compliance and basic transparency.
- No reported officer compensation, which could indicate a highly dedicated volunteer leadership.
Frequently Asked Questions about Salerno Home Inc
Is Salerno Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salerno Home Inc (EIN: 208339010) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Salerno Home Inc spend its money?
Salerno Home Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salerno Home Inc tax-deductible?
Salerno Home Inc is registered as a tax-exempt nonprofit (EIN: 208339010). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Salerno Home Inc. plan to address its consistent operating deficits?
The organization has consistently spent more than it earns, with expenses exceeding revenue in every reported year (e.g., $41,390 in expenses vs. $28,081 in revenue in 2024). A strategy for increasing revenue or reducing expenses is crucial for long-term sustainability.
What is the nature of Salerno Home Inc.'s significant liabilities?
Liabilities have consistently been high, ranging from $412,796 to $420,722 over the past decade, significantly exceeding total assets (e.g., $420,641 in liabilities vs. $271,375 in assets in 2024). Understanding the composition of these liabilities (e.g., mortgages, program-related debt) is critical to assessing financial risk.
What specific programs does Salerno Home Inc. operate with its funding?
The provided data does not detail the specific programs or services Salerno Home Inc. provides. Understanding the impact of its spending on its NTEE code (L21 - Residential Care) would require reviewing the full 990 forms.
Is the organization's leadership entirely volunteer-based?
The consistent reporting of 0% officer compensation across all filings suggests a volunteer leadership structure. However, without further detail, it's difficult to confirm if any compensation is provided through other means or to other key employees.
Filing History
IRS 990 filing history for Salerno Home Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Salerno Home Inc's revenue has grown by 40.5%, moving from $20K to $28K. Total assets decreased by 27.8% over the same period, from $376K to $271K. Total functional expenses rose by 35.8%, from $30K to $41K. In its most recent filing year (2024), Salerno Home Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $421K in liabilities against $271K in assets (debt-to-asset ratio: 155.0%), resulting in net assets of $-149,266.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $28K | $41K | $271K | $421K | — | — |
| 2023 | $28K | $35K | $280K | $416K | — | View 990 |
| 2022 | $27K | $38K | $287K | $416K | — | — |
| 2021 | $26K | $30K | $295K | $413K | — | — |
| 2020 | $25K | $32K | $303K | $417K | — | View 990 |
| 2019 | $25K | $37K | $310K | $416K | — | View 990 |
| 2018 | $26K | $32K | $319K | $414K | — | View 990 |
| 2017 | $26K | $30K | $327K | $415K | — | View 990 |
| 2016 | $23K | $37K | $337K | $421K | — | View 990 |
| 2015 | $23K | $34K | $344K | $414K | — | View 990 |
| 2014 | $23K | $31K | $356K | $415K | — | View 990 |
| 2013 | $23K | $31K | $362K | $414K | — | View 990 |
| 2012 | $21K | $30K | $370K | $413K | — | View 990 |
| 2011 | $20K | $30K | $376K | $410K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $28K, expenses of $41K, and assets of $271K (revenue +1.9% year-over-year).
- 2023: Revenue of $28K, expenses of $35K, and assets of $280K (revenue +2.2% year-over-year).
- 2022: Revenue of $27K, expenses of $38K, and assets of $287K (revenue +3.9% year-over-year).
- 2021: Revenue of $26K, expenses of $30K, and assets of $295K (revenue +2.9% year-over-year).
- 2020: Revenue of $25K, expenses of $32K, and assets of $303K (revenue +0.6% year-over-year).
- 2019: Revenue of $25K, expenses of $37K, and assets of $310K (revenue -3.0% year-over-year).
- 2018: Revenue of $26K, expenses of $32K, and assets of $319K (revenue -1.0% year-over-year).
- 2017: Revenue of $26K, expenses of $30K, and assets of $327K (revenue +12.4% year-over-year).
- 2016: Revenue of $23K, expenses of $37K, and assets of $337K (revenue -0.4% year-over-year).
- 2015: Revenue of $23K, expenses of $34K, and assets of $344K (revenue +0.0% year-over-year).
- 2014: Revenue of $23K, expenses of $31K, and assets of $356K (revenue +0.1% year-over-year).
- 2013: Revenue of $23K, expenses of $31K, and assets of $362K (revenue +13.0% year-over-year).
- 2012: Revenue of $21K, expenses of $30K, and assets of $370K (revenue +3.2% year-over-year).
- 2011: Revenue of $20K, expenses of $30K, and assets of $376K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salerno Home Inc:
Data Sources and Methodology
This transparency report for Salerno Home Inc 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.