Is Block 3 Community Urban Redevelopment Corporation Legit?
Quick charity verification for Block 3 Community Urban Redevelopment Corporation (EIN: 141873450)
Verdict: Block 3 Community Urban Redevelopment Corporation appears trustworthy
70/100Mission Score
$9.7MRevenue
$39.5MAssets
2Red Flags
3Strengths
Red Flags
Liabilities consistently and significantly exceed assets, indicating a high debt load (e.g., $50,476,266 liabilities vs. $41,282,612 assets in 2023).
Net assets have been consistently negative and decreasing over the past decade, from -$18,459,285 in 2014 to -$9,193,654 in 2023, suggesting a long-term solvency challenge.
Strengths
Consistent revenue generation exceeding expenses in most recent years (e.g., $8,712,081 revenue vs. $7,108,299 expenses in 2023).
Zero officer compensation reported across all filings, indicating efficient use of funds in executive pay.
Stable operational activity with consistent revenue and expense levels over a decade, suggesting established programs.
Spending Breakdown
How Block 3 Community Urban Redevelopment Corporation 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 Block 3 Community Urban Redevelopment Corporation
Is Block 3 Community Urban Redevelopment Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Block 3 Community Urban Redevelopment Corporation (EIN: 141873450) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Block 3 Community Urban Redevelopment Corporation a good charity to donate to?
Block 3 Community Urban Redevelopment Corporation has a Mission Score of 70/100. Revenue: $9.7M. Assets: $39.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Block 3 Community Urban Redevelopment Corporation?
The Employer Identification Number (EIN) for Block 3 Community Urban Redevelopment Corporation is 141873450. 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 Block 3 Community Urban Redevelopment Corporation spend its money?
Block 3 Community Urban Redevelopment Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Block 3 Community Urban Redevelopment Corporation's tax-exempt status?
You can verify Block 3 Community Urban Redevelopment Corporation's tax-exempt status using EIN 141873450 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
Block 3 Community Urban Redevelopment Corporation demonstrates consistent financial activity, with annual revenues generally exceeding expenses over the past decade. For instance, in 2023, revenue was $8,712,081 against expenses of $7,108,299, indicating a surplus. However, the organization's liabilities significantly outweigh its assets, with $50,476,266 in liabilities compared to $41,282,612 in assets in 2023, a trend that has persisted and worsened over the years. This substantial debt load, which has seen liabilities consistently higher than assets, raises concerns about long-term financial stability and reliance on debt financing. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in this specific area, contributing positively to spending efficiency. The organization's NTEE code T11 (Housing Development, Construction & Management) aligns with its urban redevelopment mission, and the consistent revenue and expense figures suggest ongoing operational activity in this area.