Walter Hoving Home Inc

Walter Hoving Home Inc. shows strong revenue growth and zero reported officer compensation, accumulating significant assets.

EIN: 132753267 · Garrison, NY · NTEE: F220 · Updated: 2026-03-28

$6.4MRevenue

$12.7MAssets

95/100Mission Score (Excellent)

F220

About Walter Hoving Home Inc

Walter Hoving Home Inc (EIN: 132753267) is a nonprofit organization based in Garrison, NY, classified under NTEE code F220. The organization reported total revenue of $6.4M and total assets of $12.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walter Hoving Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Walter Hoving Home Inc. demonstrates a strong financial position and appears to be efficiently managing its resources. Over the past five years, the organization has shown consistent revenue growth, increasing from $3,484,920 in 2019 to $6,583,849 in 2023, indicating growing support for its mission. The organization consistently reports zero officer compensation, which is a significant indicator of strong financial stewardship and a commitment to directing funds towards programmatic activities rather than executive salaries. This practice enhances public trust and suggests a volunteer-driven or very modestly compensated leadership structure.

Their asset base has also grown substantially, from $4,754,840 in 2019 to $7,765,228 in 2023, while liabilities have remained relatively stable or decreased as a proportion of assets, suggesting sound financial management and accumulation of reserves. The consistent positive net income in recent years (e.g., $1,928,529 in 2023 and $884,152 in 2022) further reinforces their financial health and sustainability. The NTEE code F220 indicates a focus on residential care for substance abuse, and the financial data supports the capacity to deliver these services effectively.

Given the absence of reported officer compensation and the consistent growth in revenue and assets, Walter Hoving Home Inc. exhibits a high degree of financial transparency and a strong commitment to its mission. The organization's ability to generate significant surpluses in recent years, particularly the $1.9 million surplus in 2023, provides a solid foundation for future program expansion and long-term stability. This financial performance, coupled with the lack of executive compensation, paints a picture of a well-managed and mission-focused nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Walter Hoving Home Inc with a Mission Score of 95 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: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Walter Hoving Home Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Walter Hoving Home Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with over $6 million in revenue and $7 million in assets.

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 Walter Hoving Home Inc's IRS 990 filings:

Zero reported officer compensation for an organization of this size could indicate uncompensated leadership or alternative compensation structures not captured in 'officer compensation' line item, warranting further investigation into governance and compensation practices.

Strengths

The following positive indicators were identified for Walter Hoving Home Inc:

Consistent revenue growth, nearly doubling from $3.48 million in 2019 to $6.58 million in 2023.
Zero reported officer compensation, indicating a strong commitment to directing funds to programs.
Significant asset accumulation, growing from $4.75 million in 2019 to $7.76 million in 2023.
Positive net income in recent years, with a $1.9 million surplus in 2023, indicating strong financial health.
Low liabilities relative to assets, suggesting sound financial management.

Frequently Asked Questions about Walter Hoving Home Inc

Is Walter Hoving Home Inc. financially stable?

Yes, Walter Hoving Home Inc. appears financially stable, demonstrating consistent revenue growth from $3.48 million in 2019 to $6.58 million in 2023, and accumulating significant assets of $7.76 million in 2023, with liabilities at a manageable $1.23 million.

How does Walter Hoving Home Inc. manage executive compensation?

The organization reports 0% officer compensation in all available IRS 990 filings, meaning no salaries are paid to its officers, which is a rare and notable practice for a nonprofit of this scale.

Has Walter Hoving Home Inc. been growing?

Yes, Walter Hoving Home Inc. has shown significant growth, with revenue nearly doubling from $3,484,920 in 2019 to $6,583,849 in 2023, and assets increasing from $4,754,840 to $7,765,228 over the same period.

What is the organization's approach to spending efficiency?

With zero reported officer compensation and consistent surpluses, the organization appears highly efficient in directing funds towards its mission, suggesting a very low administrative overhead relative to its program spending.

Filing History

IRS 990 filing history for Walter Hoving Home Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Walter Hoving Home Inc's revenue has grown by 230.8%, moving from $2.0M to $6.6M. Total assets increased by 91.4% over the same period, from $4.1M to $7.8M. Total functional expenses rose by 123.9%, from $2.1M to $4.7M. In its most recent filing year (2023), Walter Hoving Home Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $7.8M in assets (debt-to-asset ratio: 15.9%), resulting in net assets of $6.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$6.6M	$4.7M	$7.8M	$1.2M	—	—
2022	$5.2M	$4.3M	$5.8M	$1.3M	—	View 990
2021	$3.8M	$3.6M	$4.8M	$1.0M	—	View 990
2020	$3.7M	$3.6M	$4.8M	$1.2M	—	View 990
2019	$3.5M	$3.4M	$4.8M	$1.3M	—	View 990
2018	$2.1M	$2.5M	$4.9M	$1.5M	—	View 990
2017	$3.0M	$3.1M	$5.2M	$1.4M	—	View 990
2016	$2.7M	$2.9M	$4.4M	$601K	—	View 990
2015	$2.7M	$2.7M	$4.9M	$883K	—	View 990
2014	$2.7M	$2.6M	$4.3M	$288K	—	View 990
2013	$2.6M	$2.4M	$4.2M	$297K	—	View 990
2012	$2.1M	$2.2M	$4.0M	$254K	—	View 990
2011	$2.0M	$2.1M	$4.1M	$250K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $6.6M, expenses of $4.7M, and assets of $7.8M (revenue +26.7% year-over-year).
2022: Revenue of $5.2M, expenses of $4.3M, and assets of $5.8M (revenue +36.7% year-over-year).
2021: Revenue of $3.8M, expenses of $3.6M, and assets of $4.8M (revenue +4.0% year-over-year).
2020: Revenue of $3.7M, expenses of $3.6M, and assets of $4.8M (revenue +4.9% year-over-year).
2019: Revenue of $3.5M, expenses of $3.4M, and assets of $4.8M (revenue +68.6% year-over-year).
2018: Revenue of $2.1M, expenses of $2.5M, and assets of $4.9M (revenue -32.1% year-over-year).
2017: Revenue of $3.0M, expenses of $3.1M, and assets of $5.2M (revenue +14.1% year-over-year).
2016: Revenue of $2.7M, expenses of $2.9M, and assets of $4.4M (revenue -0.4% year-over-year).
2015: Revenue of $2.7M, expenses of $2.7M, and assets of $4.9M (revenue +0.8% year-over-year).
2014: Revenue of $2.7M, expenses of $2.6M, and assets of $4.3M (revenue +3.2% year-over-year).
2013: Revenue of $2.6M, expenses of $2.4M, and assets of $4.2M (revenue +21.0% year-over-year).
2012: Revenue of $2.1M, expenses of $2.2M, and assets of $4.0M (revenue +7.0% year-over-year).
2011: Revenue of $2.0M, expenses of $2.1M, and assets of $4.1M.

Data Sources and Methodology

This transparency report for Walter Hoving 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.