Unexplained negative expense figure ($-239,133) in the 202312 filing, which significantly distorts financial analysis.
Consistent reporting of 0% officer compensation for an organization with over $4.6 million in assets, which is highly unusual and warrants further scrutiny regarding how leadership is compensated or structured.
Strengths
Consistent growth in assets, reaching $4,671,287 in the latest period, indicating financial stability and capacity.
Generally low or zero reported liabilities across most filing periods, suggesting sound financial management and low debt burden.
No reported officer compensation, implying that resources are not being diverted to high executive salaries.
Spending Breakdown
How Alexandria Affordable Housing Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 Alexandria Affordable Housing Corporation
Is Alexandria Affordable Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Alexandria Affordable Housing Corporation (EIN: 20693187) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Alexandria Affordable Housing Corporation a good charity to donate to?
Alexandria Affordable Housing Corporation has a Mission Score of 75/100. Revenue: $696K. Assets: $4.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Alexandria Affordable Housing Corporation?
The Employer Identification Number (EIN) for Alexandria Affordable Housing Corporation is 20693187. 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 Alexandria Affordable Housing Corporation spend its money?
Alexandria Affordable Housing Corporation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Alexandria Affordable Housing Corporation's tax-exempt status?
You can verify Alexandria Affordable Housing Corporation's tax-exempt status using EIN 20693187 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
The Alexandria Affordable Housing Corporation demonstrates a generally strong financial position with consistent asset growth, reaching $4,671,287 in the latest filing period (202312). The organization's revenue has fluctuated significantly over the years, from a high of $2,535,701 in 201912 to $340,060 in 202112, before rebounding to $883,382 in 202312. A notable anomaly is the negative expense figure of $-239,133 reported in 202312, which warrants further investigation as it suggests a significant financial gain or reporting error rather than typical operational spending. This makes a precise spending efficiency calculation for the latest period difficult without clarification.
The organization consistently reports zero officer compensation across all available filings, which is a positive indicator for resource allocation directly to its mission. The absence of reported liabilities in most periods, including the latest, suggests sound financial management and a low-risk profile. However, the lack of detailed expense breakdowns in the provided data prevents a granular analysis of program versus administrative spending efficiency. The negative expense figure in the latest filing period significantly impacts the ability to assess current operational efficiency and transparency regarding how funds are being utilized.