Sunset Harbor Homes Inc
EIN: 851854083 · Ontonagon, MI · NTEE: L40
| Metric | Value |
|---|---|
| Total Revenue | $264K |
| Total Expenses | $180K |
| Net Assets | $13K |
Is Sunset Harbor Homes Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sunset Harbor Homes Inc
Sunset Harbor Homes Inc (EIN: 851854083) is a nonprofit organization based in Ontonagon, MI, classified under NTEE code L40. The organization reported total revenue of $264K and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sunset Harbor Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sunset Harbor Homes Inc is a small nonprofit that has been operating for 5 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $183K |
| Total Expenses | $180K |
| Surplus / Deficit | +$3K |
| Total Assets | $17K |
| Total Liabilities | $4K |
| Net Assets | $13K |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 24.0% |
| Months of Reserves | 1.1 months |
Financial Health Grade: A
In 2023, Sunset Harbor Homes Inc reported a surplus of $3K with revenue exceeding expenses, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 24.0% (moderate leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sunset Harbor Homes Inc 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 Sunset Harbor Homes Inc 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 $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.0%.
Frequently Asked Questions about Sunset Harbor Homes Inc
Is Sunset Harbor Homes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sunset Harbor Homes Inc (EIN: 851854083) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sunset Harbor Homes Inc spend its money?
Detailed spending breakdown data is not yet available for Sunset Harbor Homes Inc. Check back for updated IRS 990 analysis.
Are donations to Sunset Harbor Homes Inc tax-deductible?
Sunset Harbor Homes Inc is registered as a tax-exempt nonprofit (EIN: 851854083). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sunset Harbor Homes Inc located?
Sunset Harbor Homes Inc is headquartered in Ontonagon, Michigan and files with the IRS under EIN 851854083. It is classified under NTEE code L40.
Filing History
IRS 990 filing history for Sunset Harbor Homes Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Sunset Harbor Homes Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $4K in liabilities against $17K in assets (debt-to-asset ratio: 24.0%), resulting in net assets of $13K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $183K | $180K | $17K | $4K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sunset Harbor Homes Inc:
Data Sources and Methodology
This transparency report for Sunset Harbor Homes 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.