Is Breaking Ground Iv Housing Development Fund Corporation Legit?
Quick charity verification for Breaking Ground Iv Housing Development Fund Corporation (EIN: 134196931)
Verdict: Breaking Ground Iv Housing Development Fund Corporation shows mixed signals
65/100Mission Score
$6.3MRevenue
$13.6MAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits (e.g., $572,756 in 2023)
Liabilities significantly exceed assets, indicating a negative net asset position (e.g., $24,516,133 liabilities vs. $15,946,035 assets in 2023)
Unusually low or zero reported officer compensation, which may obscure true leadership costs or compensation structures.
Strengths
Consistent filing of IRS Form 990s over 14 periods, indicating good transparency practices.
Growing revenue trend over the past few years (e.g., from $3,976,423 in 2021 to $6,130,660 in 2023).
Spending Breakdown
How Breaking Ground Iv Housing Development Fund Corporation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Breaking Ground Iv Housing Development Fund Corporation
Is Breaking Ground Iv Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Breaking Ground Iv Housing Development Fund Corporation (EIN: 134196931) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Breaking Ground Iv Housing Development Fund Corporation a good charity to donate to?
Breaking Ground Iv Housing Development Fund Corporation has a Mission Score of 65/100. Revenue: $6.3M. Assets: $13.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Breaking Ground Iv Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Breaking Ground Iv Housing Development Fund Corporation is 134196931. 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 Iv Housing Development Fund Corporation spend its money?
Breaking Ground Iv Housing Development Fund Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Breaking Ground Iv Housing Development Fund Corporation's tax-exempt status?
You can verify Breaking Ground Iv Housing Development Fund Corporation's tax-exempt status using EIN 134196931 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 Iv Housing Development Fund Corporation demonstrates consistent financial activity, with revenues generally increasing over the past few years, reaching $6,130,660 in 2023. However, the organization has consistently reported expenses exceeding revenue, leading to net deficits in most periods, such as a $572,756 deficit in 2023 ($6,703,416 expenses vs. $6,130,660 revenue). This trend of operating at a deficit suggests a reliance on prior reserves or other funding mechanisms to cover operational costs.
The organization's asset base has shown some fluctuation but generally remains substantial, with $15,946,035 in assets in 2023. A notable aspect is the high level of liabilities, which consistently exceed assets, indicating a significant debt burden. For instance, in 2023, liabilities were $24,516,133 against $15,946,035 in assets. This negative net asset position is a critical financial indicator that warrants close attention.
Regarding transparency, the consistent filing of IRS Form 990s over 14 periods is a positive sign. The reported 0% officer compensation across all available filings suggests either that executive compensation is not reported in this section or that the organization operates with a volunteer or externally compensated leadership structure, which would be highly efficient if true. Further investigation into the detailed expense breakdown would be necessary to fully assess spending efficiency and program focus.