Is Associated Blind Housing Development Fund Inc Legit?
Quick charity verification for Associated Blind Housing Development Fund Inc (EIN: 132951474)
Verdict: Associated Blind Housing Development Fund Inc appears trustworthy
70/100Mission Score
$12.4MRevenue
$63.2MAssets
3Red Flags
3Strengths
Red Flags
Consistent liabilities exceeding assets in recent years, indicating potential solvency issues or high leverage (e.g., 2024: Liabilities $69,694,592 vs. Assets $61,803,580).
Significant expense spike in 2021 ($20,542,379) far exceeding revenue ($8,167,925) without clear explanation in summary data.
0% reported officer compensation for an organization of this size and asset base, which is highly unusual and may obscure true leadership costs if services are provided by a related entity.
Strengths
Consistent revenue growth over the past decade, indicating increasing capacity or demand for services (from $2.7M in 2016 to $11.8M in 2024).
Focus on mission-related activities, as implied by the NTEE code L200 (Housing Development) and the general financial trends.
Significant asset base ($63,195,735 in latest assets), demonstrating substantial investment in its housing development mission.
Spending Breakdown
How Associated Blind Housing Development Fund 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 Associated Blind Housing Development Fund Inc
Is Associated Blind Housing Development Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Associated Blind Housing Development Fund Inc (EIN: 132951474) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Associated Blind Housing Development Fund Inc a good charity to donate to?
Associated Blind Housing Development Fund Inc has a Mission Score of 70/100. Revenue: $12.4M. Assets: $63.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Associated Blind Housing Development Fund Inc?
The Employer Identification Number (EIN) for Associated Blind Housing Development Fund Inc is 132951474. 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 Associated Blind Housing Development Fund Inc spend its money?
Associated Blind Housing Development Fund Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Associated Blind Housing Development Fund Inc's tax-exempt status?
You can verify Associated Blind Housing Development Fund Inc's tax-exempt status using EIN 132951474 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
Associated Blind Housing Development Fund Inc demonstrates consistent financial operations focused on its mission of housing development, as indicated by its NTEE code L200. The organization has shown a positive trend in revenue growth, increasing from $2,775,653 in 2016 to $11,892,238 in 2024. While expenses have generally tracked revenue, there was a notable spike in expenses in 2021 to $20,542,379, significantly exceeding revenue of $8,167,925, which warrants further investigation into the nature of these expenditures. The organization consistently reports 0% officer compensation, suggesting a volunteer-led or externally managed executive structure, which can be a positive indicator for donor confidence regarding executive pay. However, the consistent reporting of liabilities exceeding assets in recent years (e.g., 2024: Assets=$61,803,580, Liabilities=$69,694,592) raises questions about long-term financial stability and debt management, particularly for a housing development fund.