Affordable Home Insurance Charities Foundation Inc
Nonprofit profile at a glance
- EIN
- 461854528
- IRS 990-EZ coverage
- 2023–2025
- Forms available
- Form 990 2022, Form 990-EZ 2025, Form 990-N 2014
- Location
- Destin, FL, USA
- Phone
- 8508650198
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $36,790
- Expenses
- $39,441
- Assets
- $36,858
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- DENNIS CAGNON JR (PRESIDENT)
People named in this filing
- DREW ARMACOST (TREASURER)
- DENNIS CAGNON JR (PRESIDENT)
- BRIAN BRENNAN (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is organized exclusively for charitable, religious, educational and scientific.
What it reported doing in 2025
501 (c)(3) the organization has an annual golf tournament in order to raise funds. Then donations are made to other 501 (c)(3) organizations and individuals to assist those in need with the community.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 35
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.6%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -7.2%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 50.4% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: -2.8% per year; rating input score 0; 40th percentile among comparable filings
- Asset growth: 15.4% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $38K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.