Westminster Homes Inc
EIN: 721084060 · Jennings, LA
| Metric | Value |
|---|---|
| Total Revenue | $385K |
| Total Expenses | $292K |
| Net Assets | $326K |
Is Westminster 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 Westminster Homes Inc
Westminster Homes Inc (EIN: 721084060) is a nonprofit organization based in Jennings, LA. The organization reported total revenue of $385K and total assets of $631K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westminster Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westminster Homes Inc is a small nonprofit that has been operating for 62 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $371K |
| Total Expenses | $292K |
| Surplus / Deficit | +$79K |
| Total Assets | $563K |
| Total Liabilities | $237K |
| Net Assets | $326K |
| Operating Margin | 21.2% |
| Debt-to-Asset Ratio | 42.1% |
| Months of Reserves | 23.1 months |
Financial Health Grade: A
In 2023, Westminster Homes Inc reported a surplus of $79K with revenue exceeding expenses, holds 23.1 months of operating reserves (strong position), has a debt-to-asset ratio of 42.1% (moderate leverage).
Financial Trends
Over 9 years of filings (2015–2023), Westminster Homes Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | -17.9% | -2.3% |
| 2022 | -2.8% | +8.2% | +10.6% |
| 2021 | -8.2% | +21.4% | -14.5% |
| 2020 | +13.1% | -8.6% | +18.3% |
| 2019 | +6.2% | -0.1% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Westminster 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 Westminster 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 $79K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.1%.
Frequently Asked Questions about Westminster Homes Inc
Is Westminster Homes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Westminster Homes Inc (EIN: 721084060) insufficient data. 0 red flags identified, 0 strengths noted.
How does Westminster Homes Inc spend its money?
Detailed spending breakdown data is not yet available for Westminster Homes Inc. Check back for updated IRS 990 analysis.
Are donations to Westminster Homes Inc tax-deductible?
Westminster Homes Inc is registered as a tax-exempt nonprofit (EIN: 721084060). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Westminster Homes Inc located?
Westminster Homes Inc is headquartered in Jennings, Louisiana and files with the IRS under EIN 721084060.
How many years of IRS 990 filings does Westminster Homes Inc have?
Westminster Homes Inc has 9 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 $385K in total revenue.
Filing History
IRS 990 filing history for Westminster Homes Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Westminster Homes Inc's revenue has grown by 9.8%, moving from $337K to $371K. Total assets decreased by 20.1% over the same period, from $704K to $563K. Total functional expenses fell by 2.3%, from $299K to $292K. In its most recent filing year (2023), Westminster Homes Inc reported a surplus of $79K, with revenue exceeding expenses. The organization holds $237K in liabilities against $563K in assets (debt-to-asset ratio: 42.1%), resulting in net assets of $326K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $371K | $292K | $563K | $237K | — | — |
| 2022 | $360K | $356K | $576K | $329K | — | — |
| 2021 | $370K | $329K | $521K | $278K | — | View 990 |
| 2020 | $403K | $271K | $609K | $408K | — | View 990 |
| 2019 | $356K | $296K | $515K | $446K | — | View 990 |
| 2018 | $336K | $296K | $546K | $538K | — | View 990 |
| 2017 | $347K | $305K | $598K | $629K | — | — |
| 2016 | $348K | $291K | $631K | $704K | — | View 990 |
| 2015 | $337K | $299K | $704K | $834K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $371K, expenses of $292K, and assets of $563K (revenue +3.0% year-over-year).
- 2022: Revenue of $360K, expenses of $356K, and assets of $576K (revenue -2.8% year-over-year).
- 2021: Revenue of $370K, expenses of $329K, and assets of $521K (revenue -8.2% year-over-year).
- 2020: Revenue of $403K, expenses of $271K, and assets of $609K (revenue +13.1% year-over-year).
- 2019: Revenue of $356K, expenses of $296K, and assets of $515K (revenue +6.2% year-over-year).
- 2018: Revenue of $336K, expenses of $296K, and assets of $546K (revenue -3.2% year-over-year).
- 2017: Revenue of $347K, expenses of $305K, and assets of $598K (revenue -0.4% year-over-year).
- 2016: Revenue of $348K, expenses of $291K, and assets of $631K (revenue +3.2% year-over-year).
- 2015: Revenue of $337K, expenses of $299K, and assets of $704K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westminster Homes Inc:
Data Sources and Methodology
This transparency report for Westminster 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.