Quick charity verification for Cayuga Housing Development Corporation (EIN: 10646311)
Verdict: Cayuga Housing Development Corporation appears trustworthy
92/100Mission Score
$2.9MRevenue
$3.0MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency and volunteer leadership.
Strong solvency with assets consistently exceeding liabilities (e.g., $129,228 assets vs. $2,727 liabilities in 2024).
Low expenses relative to revenue, suggesting efficient operations (e.g., $22,821 revenue vs. $9,270 expenses in 2024).
Growth in assets over time, from $71,887 in 2019 to $129,228 in 2024, indicating financial stability and accumulation of resources.
Spending Breakdown
How Cayuga Housing Development Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Cayuga Housing Development Corporation
Is Cayuga Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cayuga Housing Development Corporation (EIN: 10646311) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
Is Cayuga Housing Development Corporation a good charity to donate to?
Cayuga Housing Development Corporation has a Mission Score of 92/100. Revenue: $2.9M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cayuga Housing Development Corporation?
The Employer Identification Number (EIN) for Cayuga Housing Development Corporation is 10646311. 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 Cayuga Housing Development Corporation spend its money?
Cayuga Housing Development Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cayuga Housing Development Corporation's tax-exempt status?
You can verify Cayuga Housing Development Corporation's tax-exempt status using EIN 10646311 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
Cayuga Housing Development Corporation appears to be a small, community-focused organization with a consistent financial history. Over the past six years, its revenue has fluctuated, peaking at $115,079 in 2019 and most recently reporting $22,821 in 2024. Expenses have generally remained low, indicating efficient operations relative to its scale. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer-led or very lean administrative structures, enhancing its financial efficiency and demonstrating a commitment to directing resources towards its mission. Its asset base has grown significantly from $71,887 in 2019 to $129,228 in 2024, suggesting prudent financial management and accumulation of resources over time.
The organization's financial health seems stable for its size, with assets consistently exceeding liabilities. For instance, in 2024, assets were $129,228 against liabilities of $2,727, indicating a very strong solvency position. The low revenue figures suggest it operates on a modest budget, likely relying on grants, donations, or specific project funding. The absence of officer compensation across all reported periods is a significant positive for transparency and efficiency, as it means a greater proportion of funds can be allocated directly to programs. Overall, Cayuga Housing Development Corporation demonstrates sound financial practices for a nonprofit of its scale, with a clear focus on its mission given its spending patterns and lack of executive pay.