Vermilion Housing Corp
EIN: 237448653 · Tower, MN
| Metric | Value |
|---|---|
| Total Revenue | $230K |
| Total Expenses | $183K |
| Net Assets | $117K |
Is Vermilion Housing Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vermilion Housing Corp
Vermilion Housing Corp (EIN: 237448653) is a nonprofit organization based in Tower, MN. The organization reported total revenue of $230K and total assets of $397K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermilion Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vermilion Housing Corp is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $218K |
| Total Expenses | $183K |
| Surplus / Deficit | +$36K |
| Total Assets | $411K |
| Total Liabilities | $294K |
| Net Assets | $117K |
| Operating Margin | 16.3% |
| Debt-to-Asset Ratio | 71.6% |
| Months of Reserves | 27.0 months |
Financial Health Grade: A
In 2023, Vermilion Housing Corp reported a surplus of $36K with revenue exceeding expenses, holds 27.0 months of operating reserves (strong position), has a debt-to-asset ratio of 71.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vermilion Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.6% | -14.6% | -0.3% |
| 2022 | +6.4% | +1.4% | -0.4% |
| 2021 | -5.8% | +1.1% | -5.1% |
| 2020 | -15.9% | +2.6% | +1.7% |
| 2019 | +23.9% | -3.3% | +17.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vermilion Housing Corp 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 Vermilion Housing Corp 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 $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 71.6%.
Frequently Asked Questions about Vermilion Housing Corp
Is Vermilion Housing Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Vermilion Housing Corp (EIN: 237448653) insufficient data. 0 red flags identified, 0 strengths noted.
How does Vermilion Housing Corp spend its money?
Detailed spending breakdown data is not yet available for Vermilion Housing Corp. Check back for updated IRS 990 analysis.
Are donations to Vermilion Housing Corp tax-deductible?
Vermilion Housing Corp is registered as a tax-exempt nonprofit (EIN: 237448653). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vermilion Housing Corp located?
Vermilion Housing Corp is headquartered in Tower, Minnesota and files with the IRS under EIN 237448653.
How many years of IRS 990 filings does Vermilion Housing Corp have?
Vermilion Housing Corp has 13 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 $230K in total revenue.
Filing History
IRS 990 filing history for Vermilion Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vermilion Housing Corp's revenue has grown by 22.5%, moving from $178K to $218K. Total assets increased by 3.9% over the same period, from $395K to $411K. Total functional expenses fell by 7.7%, from $198K to $183K. In its most recent filing year (2023), Vermilion Housing Corp reported a surplus of $36K, with revenue exceeding expenses. The organization holds $294K in liabilities against $411K in assets (debt-to-asset ratio: 71.6%), resulting in net assets of $117K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $218K | $183K | $411K | $294K | — | View 990 |
| 2022 | $220K | $214K | $412K | $307K | — | View 990 |
| 2021 | $206K | $211K | $414K | $314K | — | View 990 |
| 2020 | $219K | $209K | $436K | $332K | — | View 990 |
| 2019 | $260K | $203K | $429K | $335K | — | View 990 |
| 2018 | $210K | $210K | $365K | $348K | — | View 990 |
| 2017 | $326K | $206K | $364K | $363K | — | View 990 |
| 2016 | $193K | $194K | $247K | $366K | — | View 990 |
| 2015 | $190K | $191K | $277K | $374K | — | View 990 |
| 2014 | $176K | $202K | $231K | $409K | — | View 990 |
| 2013 | $178K | $216K | $264K | $417K | — | View 990 |
| 2012 | $150K | $203K | $295K | $409K | — | View 990 |
| 2011 | $178K | $198K | $395K | $457K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $218K, expenses of $183K, and assets of $411K (revenue -0.6% year-over-year).
- 2022: Revenue of $220K, expenses of $214K, and assets of $412K (revenue +6.4% year-over-year).
- 2021: Revenue of $206K, expenses of $211K, and assets of $414K (revenue -5.8% year-over-year).
- 2020: Revenue of $219K, expenses of $209K, and assets of $436K (revenue -15.9% year-over-year).
- 2019: Revenue of $260K, expenses of $203K, and assets of $429K (revenue +23.9% year-over-year).
- 2018: Revenue of $210K, expenses of $210K, and assets of $365K (revenue -35.5% year-over-year).
- 2017: Revenue of $326K, expenses of $206K, and assets of $364K (revenue +68.8% year-over-year).
- 2016: Revenue of $193K, expenses of $194K, and assets of $247K (revenue +1.7% year-over-year).
- 2015: Revenue of $190K, expenses of $191K, and assets of $277K (revenue +7.7% year-over-year).
- 2014: Revenue of $176K, expenses of $202K, and assets of $231K (revenue -0.8% year-over-year).
- 2013: Revenue of $178K, expenses of $216K, and assets of $264K (revenue +18.4% year-over-year).
- 2012: Revenue of $150K, expenses of $203K, and assets of $295K (revenue -15.6% year-over-year).
- 2011: Revenue of $178K, expenses of $198K, and assets of $395K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vermilion Housing Corp:
Data Sources and Methodology
This transparency report for Vermilion Housing Corp 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.