North Homes Inc
Grand Rapids, Minnesota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 15 peers in Human Services with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $23,668,875↑11% | $24,992,276↑13% | $19,191,782↓3% | — |
| 2022 | $21,286,091↑4% | $22,065,362↑25% | $19,843,889↓8% | — |
| 2021 | $20,438,205↑9% | $17,659,302↑1% | $21,495,147↑12% | — |
| 2020 | $18,697,185↓2% | $17,447,264↓11% | $19,157,749↑30% | — |
| 2019 | $19,072,995↑5% | $19,496,429↑11% | $14,681,475↓2% | — |
| 2018 | $18,181,049↑7% | $17,615,212↑8% | $14,961,697↑5% | — |
| 2017 | $16,952,835↑5% | $16,340,006↑4% | $14,251,478↑3% | — |
| 2016 | $16,134,893↓12% | $15,641,931↓9% | $13,804,791↑2% | — |
| 2015 | $18,424,877↑10% | $17,256,957↑10% | $13,573,779↑14% | — |
| 2014 | $16,686,233↑13% | $15,694,234↑11% | $11,861,206↑13% | — |
| 2013 | $14,746,926↑12% | $14,168,826↑13% | $10,473,127↑15% | — |
| 2012 | $13,150,151↑7% | $12,512,216↑9% | $9,110,376↑4% | — |
| 2011 | $12,277,216 | $11,529,780 | $8,792,093 | — |
Frequently Asked Questions
What does North Homes Inc do?▼
North Homes Inc is a human services nonprofit organization based in Minnesota. It is classified under NTEE code P70Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is North Homes Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, North Homes Inc has a score of 71/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does North Homes Inc generate?▼
North Homes Inc reports $28.8M in annual revenue and holds $20.1M in total assets, based on IRS filings.
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