Is Alma Rangel Gardens Housing Legit?

Quick charity verification for Alma Rangel Gardens Housing (EIN: 134066940)

Verdict: Alma Rangel Gardens Housing shows mixed signals

65/100Mission Score

$2.6MRevenue

$7.9MAssets

3Red Flags

3Strengths

Red Flags

Consistent operational deficits (e.g., 2023 expenses $1.7M vs. revenue $1.49M)
High liabilities consistently exceeding assets (e.g., 2023 assets $6.9M vs. liabilities $10.7M)
Gradual decline in total assets over the past decade (from $8.5M in 2014 to $6.9M in 2023)

Strengths

Consistent IRS 990 filing history (13 filings) indicating transparency
No reported officer compensation, suggesting efficient use of funds for mission
Consistent revenue generation over a decade, indicating stable operational funding

Spending Breakdown

How Alma Rangel Gardens Housing allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Alma Rangel Gardens Housing

Is Alma Rangel Gardens Housing a legitimate charity?

Based on AI analysis of IRS 990 filings, Alma Rangel Gardens Housing (EIN: 134066940) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Alma Rangel Gardens Housing a good charity to donate to?

Alma Rangel Gardens Housing has a Mission Score of 65/100. Revenue: $2.6M. Assets: $7.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Alma Rangel Gardens Housing?

The Employer Identification Number (EIN) for Alma Rangel Gardens Housing is 134066940. 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 Alma Rangel Gardens Housing spend its money?

Alma Rangel Gardens Housing allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Alma Rangel Gardens Housing's tax-exempt status?

You can verify Alma Rangel Gardens Housing's tax-exempt status using EIN 134066940 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

Alma Rangel Gardens Housing appears to be a stable, albeit modestly growing, housing organization. Over the past decade, its revenue has shown a gradual increase, from $958,995 in 2014 to $1,490,822 in 2023, indicating consistent operational funding. However, the organization has consistently reported expenses exceeding revenue in most recent years, such as $1,717,732 in expenses against $1,490,822 in revenue for 2023, leading to a net deficit. This trend suggests reliance on prior reserves or non-operating income to cover costs, which is reflected in a slight decrease in assets over the long term, from $8,581,482 in 2014 to $6,985,662 in 2023. The organization's liabilities have remained consistently high, hovering around $10.8 million, significantly exceeding its assets, which is a notable financial characteristic for a housing entity likely tied to property financing.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise efficiency ratio. However, the consistent operational deficits suggest that the organization is spending at or above its incoming revenue. The absence of reported officer compensation across all filings indicates a lean executive structure or that compensation is covered by a related entity, which could be a positive sign for resource allocation if true. Transparency is generally good given the consistent filing of IRS Form 990s, but the lack of detailed expense categorization in the provided data limits a deeper analysis of how funds are specifically allocated.

Overall, Alma Rangel Gardens Housing demonstrates a consistent operational presence in affordable housing, but its financial health is characterized by persistent operational deficits and a high debt-to-asset ratio. While revenue has grown, expenses have often outpaced it, leading to a gradual erosion of assets. The lack of officer compensation is a positive indicator for resource allocation, but the overall financial structure warrants closer examination of its long-term sustainability and funding model.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.