Housing & Shelter (L20Z) IRS Verified DX Registered 990 on File

HOME SOLUTIONS OF DAVIDSON COUNTY NC INC

EIN: 56-1998627 · LEXINGTON, NC 27293-0933 · United States · FY 2025 Data

3 out of 5 58 / 100 Based on 2+ years of filings

Financial strength (30%) 89/100

Reliability (20%) 55/100

Effectiveness (25%) 81/100

Impact (25%) No data yet

Financial data: FY 2025 · Scored 9/13/2026

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CharityAI™ Score

out of 100

Mission Statement

To strengthen our community by helping individuals and families find stability, build financial confidence, and create safe, long lasting homes filled with hope and opportunity.

Financial Overview — FY 2025

$571K

Annual Budget

$680K

Total Revenue

$517K

Total Expenses

$987K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 76.6%

Fundraising Efficiency 26.0%

Operating Reserve 22.92x

Liability-to-Asset 7.4%

Revenue Diversification 78.6%

Executive Compensation $60K

Compared with Peers

FY 2025

Compared with 3,440 similar organizations (United States, Housing & Shelter, $100K–$1M in expenses), FY 2025.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	76.6%	87.0%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	19.0%	12.1%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	4.4%	0.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	26.0%	24.3%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	22.9 mo	13.9 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	7.4%	23.1%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	78.6%	91.9%	P10P90	Above median
Revenue growth Year over year revenue growth	53.2%	4.7%	P10P90
Expense growth Year over year expense growth	15.5%	4.4%	P10P90
Surplus margin Surplus as a share of revenue	24.0%	-6.0%	P10P90

CharityAI™ Evaluation — 2025

30 / 100

Financial

Reliability

Effectiveness

Impact

Financial Strength (30%) 0

Reliability & Transparency (20%) 81

Program Effectiveness (25%) 47

Impact & Outcomes (25%) 10

0 programs 4 staff

IRS Verified Form 990 on File 85% Data Complete

Geographic Reach

Local 100%

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2025	$680K	$517K	$987K	76.6%	5
2024	$444K	$448K	$824K	75.2%	6
2023	$469K	$437K	$828K	75.2%	6
2022	$1.0M	$408K	N/A	—	4
2021	$408K	$402K	N/A	—	4

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Organization Details

EIN: 56-1998627
State: NC
City: LEXINGTON
ZIP: 27293-0933
Classification: L20Z
Category: Housing & Shelter
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1996
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
An organization that is not in good standing with its registry (for example a revoked tax exemption) is shown as Not rated.
"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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