Slight operating deficits in recent years (e.g., 2023 and 2022), requiring careful monitoring of expense management.
Strengths
Consistent 0% officer compensation reported across all filings, indicating highly efficient use of funds for executive leadership.
Strong asset base ($7,359,922 in 2023) providing financial stability.
Long history of consistent IRS 990 filings (12 filings), demonstrating transparency and compliance.
Stable revenue streams over the past decade, generally around $1.6-$1.7 million annually.
Mission-aligned NTEE code (L200) with financial operations supporting housing development and management.
Spending Breakdown
How Chatham Gardens Housing 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 Chatham Gardens Housing Corporation
Is Chatham Gardens Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Chatham Gardens Housing Corporation (EIN: 160863402) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Chatham Gardens Housing Corporation a good charity to donate to?
Chatham Gardens Housing Corporation has a Mission Score of 90/100. Revenue: $1.7M. Assets: $6.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chatham Gardens Housing Corporation?
The Employer Identification Number (EIN) for Chatham Gardens Housing Corporation is 160863402. 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 Chatham Gardens Housing Corporation spend its money?
Chatham Gardens Housing Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chatham Gardens Housing Corporation's tax-exempt status?
You can verify Chatham Gardens Housing Corporation's tax-exempt status using EIN 160863402 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
Chatham Gardens Housing Corporation demonstrates consistent financial operations, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, revenue was $1,700,737 against expenses of $1,810,170, indicating a slight deficit. The organization's assets have shown a gradual decline from a peak of $8,125,780 in 2018 to $7,359,922 in 2023, while liabilities have remained relatively stable, hovering around $3.3-$3.7 million in recent years. This suggests a mature organization with established financial patterns. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence.
The organization's NTEE code L200 (Housing Development, Construction & Management) aligns with its mission, and the financial data supports its operational capacity in this area. While there have been periods of slight deficits, such as in 2023 and 2022, these appear to be managed within the context of its overall asset base. The lack of reported officer compensation is a significant factor in assessing its spending efficiency, as it suggests a very lean administrative overhead in that specific area. Overall, Chatham Gardens Housing Corporation appears to be a financially stable and transparent organization, effectively managing its resources to fulfill its housing mission.