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.