Consistent operating deficits in multiple prior years (2019-2022)
Lack of detailed spending breakdown (program, admin, fundraising) in provided data
Significant increase in liabilities in 2023 without clear explanation in summary data
Strengths
Significant revenue growth in the latest fiscal year (2023 revenue of $2,315,643)
Positive operating margin in the latest fiscal year (2023 expenses of $2,199,974 vs. revenue of $2,315,643)
Consistent reporting of 0% officer compensation across all filings
Substantial asset growth, reaching $6,012,279 in 2023
Spending Breakdown
How Broadway Filmore Neighborhood Housing Services 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 Broadway Filmore Neighborhood Housing Services Inc
Is Broadway Filmore Neighborhood Housing Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Broadway Filmore Neighborhood Housing Services Inc (EIN: 161166659) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
Is Broadway Filmore Neighborhood Housing Services Inc a good charity to donate to?
Broadway Filmore Neighborhood Housing Services Inc has a Mission Score of 75/100. Revenue: $4.6M. Assets: $4.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Broadway Filmore Neighborhood Housing Services Inc?
The Employer Identification Number (EIN) for Broadway Filmore Neighborhood Housing Services Inc is 161166659. 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 Broadway Filmore Neighborhood Housing Services Inc spend its money?
Broadway Filmore Neighborhood Housing Services Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Broadway Filmore Neighborhood Housing Services Inc's tax-exempt status?
You can verify Broadway Filmore Neighborhood Housing Services Inc's tax-exempt status using EIN 161166659 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
Broadway Filmore Neighborhood Housing Services Inc has demonstrated significant growth in recent years, with revenue increasing from $678,413 in 2022 to $2,315,643 in 2023. This growth is accompanied by a positive net income in the latest period ($2,315,643 revenue vs. $2,199,974 expenses), reversing a trend of operating deficits in prior years. The organization's assets have also grown substantially, reaching $6,012,279 in 2023, indicating a strengthening financial position. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission, and also implies that executive leadership may be compensated through other means or that the organization relies heavily on volunteer leadership, which warrants further investigation for a complete picture of compensation practices.
While the organization's financial health appears to be improving, a detailed breakdown of program, administrative, and fundraising expenses is not readily available in the provided summary data, making a precise assessment of spending efficiency challenging. However, the consistent lack of reported officer compensation is a positive indicator of transparency regarding executive pay. The significant increase in liabilities to $5,334,125 in 2023, alongside asset growth, suggests potential expansion or investment activities that should be further scrutinized to understand their long-term impact on financial stability.