Is Canaan Baptist Housing Development Fund…

Quick charity verification for Canaan Baptist Housing Development Fund Corp (EIN: 133584871)

Red Flags

Liabilities consistently and significantly exceed assets, reaching $8,790,904 in 202312 compared to $6,090,471 in assets.
Persistent negative net income in several years (e.g., 202212, 202112, 202012, 201912, 201812, 201712, 201612) indicates a pattern of spending more than it earns.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data limits transparency into spending efficiency.

Spending Breakdown

How Canaan Baptist Housing Development Fund Corp allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Canaan Baptist Housing Development Fund Corp

Is Canaan Baptist Housing Development Fund Corp a legitimate charity?

Based on AI analysis of IRS 990 filings, Canaan Baptist Housing Development Fund Corp (EIN: 133584871) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Canaan Baptist Housing Development Fund Corp a good charity to donate to?

Canaan Baptist Housing Development Fund Corp has a Mission Score of 65/100. Revenue: $2.5M. Assets: $6.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Canaan Baptist Housing Development Fund Corp?

The Employer Identification Number (EIN) for Canaan Baptist Housing Development Fund Corp is 133584871. 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 Canaan Baptist Housing Development Fund Corp spend its money?

Canaan Baptist Housing Development Fund Corp allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Canaan Baptist Housing Development Fund Corp's tax-exempt status?

You can verify Canaan Baptist Housing Development Fund Corp's tax-exempt status using EIN 133584871 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

Canaan Baptist Housing Development Fund Corp demonstrates consistent operational activity, with revenues and expenses generally in the range of $1.6M to $2.4M over the past decade. The organization has shown a positive net income in its most recent filing (202312), with revenues of $2,405,548 exceeding expenses of $2,103,313, indicating improved financial health compared to prior years where expenses often outpaced revenue. However, a significant concern is the persistent and growing liabilities, which stood at $8,790,904 in 202312, substantially exceeding its assets of $6,090,471. This suggests a reliance on debt or other long-term obligations that warrant closer examination.

The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. The consistent reporting of 0% officer compensation across all filings is a notable aspect of its financial management, indicating that top executives are not drawing salaries from the organization, which could be a positive sign for resource allocation. However, the substantial liabilities relative to assets present a potential long-term financial risk that could impact its sustainability and ability to fulfill its mission.

In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a positive indicator. However, the lack of detailed expense categories in the provided data limits a comprehensive assessment of how efficiently funds are being utilized. The significant liabilities, if not adequately explained in the full 990 filings, could raise questions about financial stability and long-term planning.

Is Canaan Baptist Housing Development Fund Corp Legit?

Verdict: Canaan Baptist Housing Development Fund Corp shows mixed signals