Is Cardinal Properties Inc Legit?

Red Flags

Consistent operating deficits (expenses exceeding revenue in multiple years, e.g., 2023, 2022, 2021, 2020, 2018, 2017, 2016, 2014).
Declining asset base from $12,354,691 in 2019 to $6,596,729 in 2023.
Liabilities consistently exceed assets, indicating a potentially precarious financial position (e.g., $10,072,259 liabilities vs. $6,596,729 assets in 2023).
Significant negative revenue reported in 2020 ($-2,127,613), which is highly unusual and unexplained by the provided data.

Spending Breakdown

How Cardinal Properties Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Cardinal Properties Inc

Is Cardinal Properties Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Cardinal Properties Inc (EIN: 201872207) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.

Is Cardinal Properties Inc a good charity to donate to?

Cardinal Properties Inc has a Mission Score of 45/100. Revenue: $550K. Assets: $6.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Cardinal Properties Inc?

The Employer Identification Number (EIN) for Cardinal Properties Inc is 201872207. 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 Cardinal Properties Inc spend its money?

Cardinal Properties Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Cardinal Properties Inc's tax-exempt status?

You can verify Cardinal Properties Inc's tax-exempt status using EIN 201872207 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

Cardinal Properties Inc. exhibits a concerning financial trend, with expenses frequently exceeding revenue in recent years. For instance, in 2023, expenses were $972,517 against revenues of $731,471, and in 2022, expenses were $1,188,141 compared to revenues of $343,385. This consistent deficit spending raises questions about long-term sustainability and operational efficiency. The organization's assets have also shown a declining trend from a high of $12,354,691 in 2019 to $6,596,729 in 2023, while liabilities remain substantial, often exceeding assets, indicating a potentially precarious financial position. The NTEE code T20 suggests a focus on housing and shelter, but without a detailed breakdown of expenses, it's difficult to fully assess program spending efficiency.

The organization's transparency is commendable in one key area: the consistent reporting of 0% officer compensation across all available filings. This indicates that executive leadership is not drawing a salary, which can be a positive sign for donor confidence regarding resource allocation. However, the lack of detailed expense breakdowns in the provided data makes it challenging to fully evaluate how funds are being allocated between programs, administration, and fundraising. A more granular view of spending would enhance the assessment of their financial health and efficiency.

Overall, while the absence of executive compensation is a strength, the persistent operating deficits and declining asset base, coupled with high liabilities, suggest significant financial challenges. Donors and stakeholders would benefit from a clearer understanding of the strategies in place to address these financial imbalances and ensure the organization's long-term viability and impact.

Verdict: Cardinal Properties Inc shows mixed signals