Quick charity verification for Bhap Housing Development Fund Co (EIN: 112591013)
Verdict: Bhap Housing Development Fund Co appears trustworthy
70/100Mission Score
$2.0MRevenue
$2.9MAssets
2Red Flags
3Strengths
Red Flags
High liabilities relative to assets (e.g., $10,295,903 liabilities vs. $3,526,726 assets in 2023)
Declining asset base over the past decade (from $4,975,848 in 2014 to $3,526,726 in 2023)
Strengths
Consistent revenue generation covering expenses in recent years (e.g., $1,824,561 revenue vs. $1,752,263 expenses in 2023)
0% officer compensation reported across all filings, indicating low executive overhead
Consistent IRS 990 filing history (13 filings), demonstrating regulatory compliance and transparency
Spending Breakdown
How Bhap Housing Development Fund Co 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 Bhap Housing Development Fund Co
Is Bhap Housing Development Fund Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Bhap Housing Development Fund Co (EIN: 112591013) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Bhap Housing Development Fund Co a good charity to donate to?
Bhap Housing Development Fund Co has a Mission Score of 70/100. Revenue: $2.0M. Assets: $2.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bhap Housing Development Fund Co?
The Employer Identification Number (EIN) for Bhap Housing Development Fund Co is 112591013. 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 Bhap Housing Development Fund Co spend its money?
Bhap Housing Development Fund Co allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bhap Housing Development Fund Co's tax-exempt status?
You can verify Bhap Housing Development Fund Co's tax-exempt status using EIN 112591013 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
Bhap Housing Development Fund Co demonstrates consistent operational activity with revenues generally exceeding expenses in recent years, such as in 2023 where revenue was $1,824,561 against expenses of $1,752,263. However, the organization carries a significant and growing liability burden, with liabilities reaching $10,295,903 in 2023, far outweighing its assets of $3,526,726. This indicates a reliance on debt or other long-term obligations that could pose financial risks if not managed effectively. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this area, which is a positive indicator of financial stewardship.
The organization's assets have shown a declining trend over the past decade, from $4,975,848 in 2014 to $3,526,726 in 2023, while liabilities have remained consistently high, often exceeding $10 million. This financial structure warrants closer examination to understand the nature of these liabilities and the long-term sustainability of the organization's operations. Despite these financial characteristics, the consistent filing of IRS Form 990s over 13 periods indicates a commitment to regulatory compliance and transparency in its reporting.