Is Breaking Ground Housing Development Fund Corporation Legit?
Quick charity verification for Breaking Ground Housing Development Fund Corporation (EIN: 113048002)
Verdict: Breaking Ground Housing Development Fund Corporation appears trustworthy
95/100Mission Score
$36.6MRevenue
$220.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $24.9M in 2014 to $36.6M currently.
Substantial and growing asset base, exceeding $220M.
Zero reported officer compensation across all 14 filings, indicating high transparency and mission focus.
Healthy asset-to-liability ratio (e.g., 3.16:1 in 2023), demonstrating strong financial stability.
NTEE code L80Z (Housing Development, Construction, Management) aligns with its name and mission.
Spending Breakdown
How Breaking Ground Housing Development Fund Corporation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
3%
Admin Costs
Reasonable — admin costs in check
2%
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 Breaking Ground Housing Development Fund Corporation
Is Breaking Ground Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Breaking Ground Housing Development Fund Corporation (EIN: 113048002) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Breaking Ground Housing Development Fund Corporation a good charity to donate to?
Breaking Ground Housing Development Fund Corporation has a Mission Score of 95/100. Revenue: $36.6M. Assets: $220.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Breaking Ground Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Breaking Ground Housing Development Fund Corporation is 113048002. 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 Breaking Ground Housing Development Fund Corporation spend its money?
Breaking Ground Housing Development Fund Corporation allocates 95% to programs, 3% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Breaking Ground Housing Development Fund Corporation's tax-exempt status?
You can verify Breaking Ground Housing Development Fund Corporation's tax-exempt status using EIN 113048002 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
Breaking Ground Housing Development Fund Corporation demonstrates strong financial health and a clear commitment to its program services. Over the past several years, the organization has consistently reported significant revenue growth, with the latest available revenue at $36,623,418 and assets exceeding $220 million. This growth indicates a robust capacity to expand its housing development and support initiatives.
The organization exhibits excellent spending efficiency, with a very high percentage of expenses directed towards program services. For instance, in 2023, with expenses of $27,566,109, the vast majority appears to be directly supporting its mission, as evidenced by the low administrative and fundraising costs. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a focus on mission over executive pay, which is highly commendable for a nonprofit of this size.
Breaking Ground's financial stability is further underscored by its substantial asset base and a healthy asset-to-liability ratio, suggesting long-term sustainability. The consistent growth in assets, from $171 million in 2014 to over $220 million currently, reflects effective financial management and investment in its housing development mission. The organization's transparency regarding executive compensation, or lack thereof, is a strong positive for donors and stakeholders.