Quick charity verification for Belmont Housing Resources For Wny Inc (EIN: 161080227)
Verdict: Belmont Housing Resources For Wny Inc appears trustworthy
85/100Mission Score
$9.5MRevenue
$18.2MAssets
1Red Flags
4Strengths
Red Flags
0% reported officer compensation for an organization of this size may obscure actual executive remuneration if not truly volunteer-led.
Strengths
Consistent operational surpluses, with revenues generally exceeding expenses (e.g., $8,637,263 revenue vs. $8,528,336 expenses in 2023).
Significant and sustained asset growth over the past decade, from $8.4 million in 2014 to $18.8 million in 2023.
Healthy financial stability with assets consistently outweighing liabilities.
Strong NTEE code (L020 - Housing Development, Construction & Management) aligns with direct community benefit.
Spending Breakdown
How Belmont Housing Resources For Wny Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Belmont Housing Resources For Wny Inc
Is Belmont Housing Resources For Wny Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Belmont Housing Resources For Wny Inc (EIN: 161080227) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Belmont Housing Resources For Wny Inc a good charity to donate to?
Belmont Housing Resources For Wny Inc has a Mission Score of 85/100. Revenue: $9.5M. Assets: $18.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Belmont Housing Resources For Wny Inc?
The Employer Identification Number (EIN) for Belmont Housing Resources For Wny Inc is 161080227. 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 Belmont Housing Resources For Wny Inc spend its money?
Belmont Housing Resources For Wny Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Belmont Housing Resources For Wny Inc's tax-exempt status?
You can verify Belmont Housing Resources For Wny Inc's tax-exempt status using EIN 161080227 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
Belmont Housing Resources For Wny Inc demonstrates consistent financial health with a strong asset base and generally positive net income over the past decade. In the latest filing (202312), the organization reported revenues of $8,637,263 against expenses of $8,528,336, indicating a slight surplus. Their assets have grown significantly, from $8,433,796 in 2014 to $18,873,873 in 2023, suggesting effective asset management and financial stability. The organization's liabilities have also increased, but at a slower rate than assets, maintaining a healthy equity position.
The spending efficiency appears robust, with expenses consistently below or very close to revenues, preventing significant deficits. The absence of reported officer compensation across all filings is a notable aspect of their financial structure, potentially indicating a volunteer-led executive team or compensation being reported under other categories, which warrants further investigation for complete transparency. However, based on the available data, it suggests a lean approach to executive overhead.
Overall, Belmont Housing Resources For Wny Inc appears to be a financially stable organization with a growing asset base and a history of managing expenses effectively relative to its revenue. The lack of reported officer compensation is a unique characteristic that could be interpreted as a strength in terms of minimizing administrative costs, but also raises questions about the full picture of executive remuneration if not volunteer-led.