Solhomes INC EIN 84-4458904 Form 990 (PDF) Claim this org

Solhomes INC

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Provides resilient, sustainable energy for essential infrastructure in developing nations. For fiscal year 2021 it reported $215K in revenue, $448K in expenses, and $50K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Chevy Chase, MD
Filings
2 on file (2020–2021)
Revenue
$215KFY2021
Expenses
$448K
Net assets
$50K
People
4
Filings
2
Updates
0
More identity details & actions ⌄
EIN  84-4458904 Unknown exempt organization Chevy Chase, MD
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides resilient, sustainable energy for essential infrastructure in developing nations.
Leadership
Jonah Messinger · President
Money in and out
$215K revenue, $448K expenses
Bottom line
-109% surplus margin
Reported financial activity · FY2021
Total revenue
$215K
Pt VIII · Ln 12
Total expenses
$448K
Pt IX · Ln 25
Net assets
$50K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$233K
Where spending went · Part IX cols B–D
Program services $1.00
Surplus margin
-109%
revenue over expenses, this year▼ -213% vs prior filing year
Program spending
100%
of expenses reach programs0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$215K
FY2021▼ -25%
Expenses
$448K
FY2021▲ ×44
Total assets
$50K
FY2021▼ -82%
Total liabilities
$0
FY2021
Total revenue
$215K
Pt VIII · Ln 12
Total expenses
$448K
Pt IX · Ln 25
Net assets
$50K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$233K
Total assetsPt X · Ln 16$50K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSolhomes INC
EINHdr · item D84-4458904
Principal addressHdr · item CChevy Chase, MD
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary Vice President
$0Pt VII · Sec A
Treasurer Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $347K of program spending, described in the organization's own filed words · FY2021.
01

In 2020 SolHomes started a solar solar-powered net-zero energy home project for the US Department of Energy Solar Decathlon Build Challenge which will be donated to Habitat for Humanity. SolHomes oversees the finance and construction of this net-zero energy home.

$332Kprogram expense
02

Kalika Khetu is a remote village located in the Jumla district of western Nepal. Its health center serves as a medical clinic and birthing center to approximately 4,500 people from the village of Kalika Khetu and surrounding communities.

$10Kprogram expense
03

Footprint Project deploys Solar + Batteries to those who need them the most after climate disasters. They have been on the ground in response to Hurricane Ida since Sep 3 2021. Footprint Project will remain in South-East Louisiana until the lights come back on in communities hardest hit by the storm.

$5Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$215K
— government grantsLn 1e$26K
Total revenueLn 12$215K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$448K
Total functional expensesLn 25$448K

Balance Sheet

Part X · end of year
CashLn 1$50K
Total assetsLn 16$50K
Total liabilitiesLn 26$0
Total net assetsLn 32$50K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $50K · Operating expenses/yr $448K
1.3 months
Where the money goes
Program services
Program services $448K · Total expenses $448K
100%
Management & General
Management & general $0 · Total expenses $448K
0%
Fundraising
Fundraising $0 · Total expenses $448K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $212K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $215K · Total revenue $215K
100%
Government reliance
Government grants $26K · Total revenue $215K
12%
Earned-income share
Program service revenue $0 · Total revenue $215K
0%
Investment reliance
Investment income $0 · Total revenue $215K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $448K
0%
Growth & trend
Revenue growth (YoY)
This year $215K · Prior year $287K
-25%
Net-asset trend (YoY)
End of year $50K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $215K · Expenses $448K
-109%
Liabilities-to-Assets
Total liabilities — · Total assets $50K
Net-asset ratio
Net assets $50K · Total assets $50K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $50K
0%
People & payroll
Highest Reported Total Compensation
Individual Jonah Messinger · Reported title President · Highest reported compensation $0 · Total expenses $448K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $448K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -25%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $15K · 2021–2021
Grid AlternativesCA · FY2021$10,000
Footprint ProjectLA · FY2021$5,050

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$215K revenue · viewing · ⤓ 990 PDF
FY2020$287K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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