Is 1712 & 1715 Housing Development Fund Co Inc Legit?
Quick charity verification for 1712 & 1715 Housing Development Fund Co Inc (EIN: 132816926)
Verdict: 1712 & 1715 Housing Development Fund Co Inc appears trustworthy
85/100Mission Score
$2.1MRevenue
$5.2MAssets
1Red Flags
4Strengths
Red Flags
Consistent liabilities exceeding assets, requiring further investigation into long-term financial stability and debt management strategies.
Strengths
Consistent operational stability with revenues generally exceeding expenses in recent periods (e.g., $1,928,505 revenue vs. $1,794,089 expenses in 202305).
Zero reported officer compensation across all filings, indicating high efficiency in directing funds to mission-related activities.
Strong program focus implied by the lack of executive compensation and the nature of a Housing Development Fund.
Consistent filing of IRS 990s, demonstrating good transparency.
Spending Breakdown
How 1712 & 1715 Housing Development Fund Co Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about 1712 & 1715 Housing Development Fund Co Inc
Is 1712 & 1715 Housing Development Fund Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, 1712 & 1715 Housing Development Fund Co Inc (EIN: 132816926) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is 1712 & 1715 Housing Development Fund Co Inc a good charity to donate to?
1712 & 1715 Housing Development Fund Co Inc has a Mission Score of 85/100. Revenue: $2.1M. Assets: $5.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for 1712 & 1715 Housing Development Fund Co Inc?
The Employer Identification Number (EIN) for 1712 & 1715 Housing Development Fund Co Inc is 132816926. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does 1712 & 1715 Housing Development Fund Co Inc spend its money?
1712 & 1715 Housing Development Fund Co Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify 1712 & 1715 Housing Development Fund Co Inc's tax-exempt status?
You can verify 1712 & 1715 Housing Development Fund Co Inc's tax-exempt status using EIN 132816926 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
1712 & 1715 Housing Development Fund Co Inc demonstrates consistent operational activity with revenues generally exceeding expenses in recent years, indicating a stable financial position. For example, in the 202305 period, revenue was $1,928,505 against expenses of $1,794,089. The organization's assets have fluctuated but remained substantial, with the latest reported assets at $5,179,057. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests a volunteer-led or very lean executive structure, contributing positively to spending efficiency by directing more funds to programs.
However, the organization consistently reports liabilities exceeding assets, such as in 202305 where assets were $4,622,092 and liabilities were $5,490,017. While common for housing development funds that often carry significant debt related to property acquisition and development, this warrants closer examination to understand the nature and sustainability of these liabilities. The NTEE code L21 (Housing Development, Construction & Management) aligns with this financial structure, suggesting that the debt is likely tied to its core mission activities.
Overall, the organization appears financially stable in terms of operational cash flow, with a strong commitment to program spending given the lack of executive compensation. Transparency is good with consistent 990 filings. The primary area for deeper understanding is the long-term strategy for managing its significant liabilities relative to its asset base.