S Elect Homes
501(c)(4)
Only null% goes to programs Strong reserves Declining revenue
S Elect Homes is a 501(c)(4) organization based in Duluth, Minnesota, registered in 1964, with $39,771 in FY2021 revenue. CharityIndex grades it F.
2230 London Rd Ste 200, Duluth, MN, 55812 EIN 41-0854545 Since 1964
Revenue (FY2021)
$40K
▼ 34.4% vs prior year
Expenses (FY2021)
$70K
Net assets
$449K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 S Elect Homes— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating77 mo reserves · -76% 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 S Elect Homes: 77 mo reserves · -76% margin earns a F 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 S Elect Homes— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FTransparency10% of the rating0 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 S Elect Homes: 0 of 5 disclosure signals earns a F on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $255K (FY2013) to $40K (FY2021) across 9 reported years.
Financial snapshot
Financial health & position (FY2021)
Liabilities $70KNet assets $449K
Operating margin
-76.1%
Spent more than it raised in the latest fiscal year.
Total assets
$519K
Total liabilities
$70K
Net assets
$449K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2021 | $39,771▼34.4% | $70,053▲13.9% | $448,776▼0.2% | $518,981▼5.7% | 990 |
| 2020 | $60,633▼65.5% | $61,481▼68.4% | $449,849▲3.1% | $550,100▼3.0% | 990 |
| 2019 | $175,853▼1.1% | $194,407▲0.7% | $436,492▼4.1% | $567,163▼4.6% | 990 |
| 2018 | $177,853▼37.7% | $193,121▼33.8% | $455,046▼3.2% | $594,618▼6.8% | 990 |
| 2017 | $285,303▲4.6% | $291,656▲24.7% | $470,314▼1.3% | $638,330▼8.7% | 990 |
| 2016 | $272,702▼0.4% | $233,828▲11.1% | $476,667▲8.9% | $699,417▲40.2% | 990 |
| 2015 | $273,855▲3.7% | $210,468▼6.8% | $437,793▲16.9% | $499,028▲1.1% | 990 |
| 2014 | $264,058▲3.5% | $225,779▲13.6% | $374,406▲11.4% | $493,358▼2.2% | 990 |
| 2013 | $255,058 | $198,831▼11.2% | $336,127▲20.1% | $504,286▲59.0% | 990 |
| 2012 | — | $223,886▼9.9% | $279,900▲19.0% | $317,211▲16.4% | 990 |
| 2011 | — | $248,561▲17.3% | $235,150▼3.3% | $272,419▼37.5% | 990 |
| 2010 | — | $211,949 | $243,281 | $435,740 | 990 |
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.
Frequently asked questions
- Is S Elect Homes a legitimate nonprofit?
- Yes. S Elect Homes is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 41-0854545, based in Duluth, Minnesota.
- What is S Elect Homes's EIN?
- S Elect Homes's Employer Identification Number (EIN) is 41-0854545.
- How much revenue does S Elect Homes report?
- S Elect Homes reported $39,771 in total revenue on its fiscal year 2021 IRS Form 990 filing.
- What financial grade does S Elect Homes have?
- CharityIndex grades S Elect Homes F, based on financial health (reserves and operating margin).
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Data for S Elect Homes (EIN 41-0854545) 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.