Is Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc Legit?
Quick charity verification for Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc (EIN: 112842822)
Verdict: Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc appears trustworthy
90/100Mission Score
$1.7MRevenue
$3.5MAssets
1Red Flags
4Strengths
Red Flags
Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other expense categories or that leadership is entirely volunteer-based without any paid staff, which is rare for an organization managing over $1.5 million in revenue.
Strengths
Consistent revenue growth, increasing from $1,016,596 in 2014 to $1,590,812 in 2023.
Significant reduction in liabilities from $4,062,135 in 2014 to $2,584,913 in 2023, improving financial solvency.
Positive net income in recent years, such as a $501,345 surplus in 2023 ($1,590,812 revenue - $1,089,467 expenses).
Zero reported officer compensation across all filings, suggesting a strong commitment to directing funds to programs and potentially a volunteer-led executive team.
Spending Breakdown
How Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co 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 Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc
Is Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc (EIN: 112842822) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc a good charity to donate to?
Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc has a Mission Score of 90/100. Revenue: $1.7M. Assets: $3.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc?
The Employer Identification Number (EIN) for Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc is 112842822. 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 Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc spend its money?
Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc's tax-exempt status?
You can verify Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc's tax-exempt status using EIN 112842822 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
Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc demonstrates consistent financial growth and strong program spending. Over the past decade, the organization's revenue has steadily increased from $1,016,596 in 2014 to $1,590,812 in 2023, indicating a stable funding base. Expenses have also risen, but generally at a slower rate than revenue, leading to positive net assets in recent years. For instance, in 2023, revenue was $1,590,812 against expenses of $1,089,467, resulting in a significant surplus. The organization's assets have grown from $3,342,509 in 2014 to $3,152,447 in 2023, while liabilities have decreased from $4,062,135 to $2,584,913 over the same period, improving its financial solvency. The consistent reporting of 0% officer compensation across all filings suggests a high degree of transparency regarding executive pay and a focus on directing funds towards its mission. The NTEE code P75Z indicates a focus on senior housing, aligning with its name and likely program activities. The organization appears to be financially healthy and efficient in its operations.