Is Church Housing Corp Of Delaware County Legit?

Quick charity verification for Church Housing Corp Of Delaware County (EIN: 201994131)

Verdict: Church Housing Corp Of Delaware County appears trustworthy

70/100Mission Score
$604KRevenue
$4.8MAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Church Housing Corp Of Delaware County demonstrates consistent financial operations, though it has reported expenses exceeding revenue for several consecutive years. For example, in 2023, expenses were $765,468 against revenues of $570,469, indicating a deficit of $194,999. This trend is visible across all provided filings, suggesting a reliance on existing assets or other non-operating income sources to cover shortfalls. Despite this, the organization maintains a healthy asset base, with $4,967,892 in assets as of 2023, significantly outweighing its liabilities of $62,680. The consistent reporting of 0% officer compensation across all filings indicates strong financial 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. However, the sustained operational deficit warrants closer examination to understand its long-term sustainability.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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