Homes of Care I Inc
Only null% goes to programs Strong reserves Growing revenue
Homes of Care I Inc is a 501(c)(3) organization based in Andover, Massachusetts, registered in 2005, with $78,551 in FY2024 revenue. CharityIndex grades it C+.
6 Campanelli Drive, Andover, MA, 01810 EIN 20-2176751 Since 2005
Revenue (FY2024)
$79K
▼ 9.0% vs prior year
Human Services median: $293K
Expenses (FY2024)
$68K
Net assets
$337K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Homes of Care I Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating60 mo reserves · +14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Homes of Care I Inc: 60 mo reserves · +14% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Homes of Care I Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Homes of Care I Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 6 Campanelli Drive, Andover, MA, 01810
- City
- Andover
- State
- Massachusetts
- Category
- Human Services
- Subcategory
- Residential Care
Financial trends
Revenue declined from $79K (FY2009) to $79K (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $427KNet assets $337K
Operating margin
13.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$765K
Total liabilities
$427K
Net assets
$337K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $78,551▼9.0% | $67,755▲11.8% | $337,370▲3.3% | $764,607▲2.9% | 990 |
| 2023 | $86,316▲986% | $60,590▼15.0% | $326,574▲8.6% | $742,995▼7.2% | 990 |
| 2022 | $7,947▼84.5% | $71,304▲5.4% | $300,848▼17.4% | $800,687▼1.2% | 990 |
| 2021 | $51,226▼0.1% | $67,624▲22.1% | $364,205▼4.3% | $810,747▼1.8% | 990 |
| 2020 | $51,278▲1.9% | $55,375▲8.8% | $380,603▼1.1% | $825,283▲0.5% | 990 |
| 2019 | $50,314▼0.7% | $50,891▲5.0% | $384,700▼0.1% | $820,818▲0.3% | 990 |
| 2018 | $50,663▲13.1% | $48,466▼9.7% | $385,277▲0.6% | $818,521▲0.3% | 990 |
| 2017 | $44,777▼12.6% | $53,678▼19.2% | $383,062▼2.3% | $815,742▼2.1% | 990 |
| 2016 | $51,220▲9.8% | $66,427▲23.0% | $391,963▼3.7% | $832,841▲0.2% | 990 |
| 2015 | $46,631▼0.3% | $54,004▼0.4% | $407,170▼1.8% | $830,860▼3.1% | 990 |
| 2014 | $46,793▼2.5% | $54,199▲19.8% | $414,543▼1.8% | $857,810▲1.8% | 990 |
| 2013 | $47,985 | $45,242▲18.0% | $421,949▲0.7% | $842,268▲0.9% | 990 |
| 2012 | — | $38,345▼26.0% | $419,206▼1.7% | $834,503▼2.3% | 990 |
| 2011 | — | $51,808▲36.9% | $426,340▼4.6% | $853,923▼6.1% | 990 |
| 2010 | — | $37,834▲24.7% | $446,942▲12.1% | $908,984▲10.0% | 990 |
| 2009 | $79,253 | $30,351 | $398,713 | $826,010 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Homes of Care I Inc a legitimate nonprofit?
- Yes. Homes of Care I Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-2176751, based in Andover, Massachusetts. Donations are tax-deductible.
- What is Homes of Care I Inc's EIN?
- Homes of Care I Inc's Employer Identification Number (EIN) is 20-2176751.
- How much revenue does Homes of Care I Inc report?
- Homes of Care I Inc reported $78,551 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Homes of Care I Inc have?
- CharityIndex grades Homes of Care I Inc C+, based on financial health (reserves and operating margin).
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Data for Homes of Care I Inc (EIN 20-2176751) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.