Quick charity verification for Charles North Housing Inc (EIN: 201165878)
Verdict: Charles North Housing Inc appears trustworthy
70/100Mission Score
$122KRevenue
$1.4MAssets
2Red Flags
4Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue) over multiple years, e.g., $195,500 expenses vs. $121,551 revenue in 2021.
Gradual decline in total assets from $1,826,617 in 2012 to $1,422,988 in 2021, indicating reliance on reserves to cover deficits.
Strengths
Substantial asset base of $1,422,988 provides financial stability despite operating deficits.
No reported officer compensation, indicating highly efficient use of funds at the executive level.
Consistent IRS 990 filing history demonstrates strong transparency and compliance.
Low liabilities relative to assets, suggesting responsible debt management.
Spending Breakdown
How Charles North Housing 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 Charles North Housing Inc
Is Charles North Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Charles North Housing Inc (EIN: 201165878) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
Is Charles North Housing Inc a good charity to donate to?
Charles North Housing Inc has a Mission Score of 70/100. Revenue: $122K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Charles North Housing Inc?
The Employer Identification Number (EIN) for Charles North Housing Inc is 201165878. 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 Charles North Housing Inc spend its money?
Charles North Housing Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Charles North Housing Inc's tax-exempt status?
You can verify Charles North Housing Inc's tax-exempt status using EIN 201165878 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
Charles North Housing Inc. demonstrates consistent financial operations, though it has experienced a trend of expenses exceeding revenue in recent years. For example, in 2021, expenses were $195,500 against revenues of $121,551, and this pattern is visible across multiple prior periods. This indicates a reliance on existing assets or other non-operating income to cover costs, as reflected in the gradual decrease in total assets from $1,826,617 in 2012 to $1,422,988 in 2021. The organization's liabilities have remained relatively low and stable, suggesting responsible management of debt.
The organization appears to maintain a high degree of transparency, as evidenced by its consistent filing of IRS Form 990s over an extended period. The absence of reported officer compensation across all available filings suggests that the organization is either entirely volunteer-run at the executive level or that compensation is structured in a way that it is not reported as officer compensation on the 990, which would warrant further investigation. Given its NTEE code P70 (Housing, Shelter), its mission likely involves providing affordable housing, and the consistent asset base, despite declining, indicates a significant investment in property or related assets to support its program.
While the consistent operating deficit is a concern for long-term sustainability, the organization's substantial asset base provides a buffer. The lack of reported executive compensation is a positive indicator of efficient use of funds at the leadership level. To fully assess spending efficiency, a detailed breakdown of program, administrative, and fundraising expenses would be necessary, which is not provided in the summary data. However, the overall financial picture suggests a stable, albeit slowly contracting, organization focused on its mission.