Big Homies Inc

Nonprofit profile at a glance

EIN
852229451
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Portsmouth, VA, USA
Phone
8043990579
Rating
48
Verdict
MIXED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$1,167,900
Expenses
$1,035,287
Assets
$1,053,528
Liabilities
$47,322

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • EUGENE SWINSON (CEO)

People named in this filing

  • EUGENE SWINSON (CEO)
  • ALICE EDWARDS (SWINSON)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To nbsp; unveil nbsp; and nbsp; release nbsp; the nbsp; inner nbsp; heros nbsp; of nbsp; minority nbsp; children nbsp; in nbsp; society nbsp; one nbsp; child nbsp; at nbsp; a nbsp; time nbsp; our nbsp; youth nbsp; will nbsp; save nbsp; the nbsp; world nbsp; impacting nbsp; the nbsp; youth nbsp; through nbsp; service nbsp; and nbsp; leadership nbsp; while nbsp; showing nbsp; our nbsp; impverished nbsp; youth nbsp; there nbsp; are nbsp; ways nbsp; to nbsp; elevate nbsp; their nbsp; quality nbsp; of nbsp; life nbsp; we nbsp; expose nbsp; our nbsp; children nbsp; to nbsp; positive nbsp; outlets nbsp; donate nbsp; life nbsp; changing nbsp; items nbsp; and nbsp; expose nbsp; them nbsp; to nbsp; career nbsp; paths nbsp; they nbsp; would nbsp; not nbsp; have nbsp; experienced nbsp; before nbsp; and nbsp; fighting nbsp; gun nbsp; violence nbsp; poverty nbsp; cycles nbsp; and nbsp; necessities nbsp; big nbsp; homies nbsp; is nbsp; always nbsp; in nbsp; the nbsp; neighborhoods nbsp; to nbsp; help nbsp; the nbsp; children

What it reported doing in 2024

Grant from state of Virginia

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 30
  • Transparency & Controls: 93
  • Accountability: 12
  • Sustainability: 59
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 32%; rating input score 32
  • Program expense ratio: 36.1%; rating input score 36
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: Limited
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 11.4%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 1.02; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -5.9% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: 100% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 87.6% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 32% of revenue deployed · 36.1% of spending went to programs
  • Governance: 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $85K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 20 of 22 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Financial Efficiency: Program expense ratio scored 36/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.