Is Clarkstown Middlewood Housing Development Fund Company Inc Legit?
Quick charity verification for Clarkstown Middlewood Housing Development Fund Company Inc (EIN: 132809873)
Verdict: Clarkstown Middlewood Housing Development Fund Company Inc shows mixed signals
65/100Mission Score
$2.4MRevenue
$7.6MAssets
3Red Flags
2Strengths
Red Flags
Significant and consistent operational deficits in 2022 and 2023 (e.g., 2023 expenses $7.58M vs. revenue $2.44M).
High liabilities relative to assets ($16.9M liabilities vs. $8.2M assets in 2023).
Dramatic increase in expenses and liabilities between 2021 and 2022 without clear explanation in the provided data.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
Long filing history (13 filings) suggests consistent operation and compliance with IRS reporting requirements.
Spending Breakdown
How Clarkstown Middlewood Housing Development Fund Company Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Clarkstown Middlewood Housing Development Fund Company Inc
Is Clarkstown Middlewood Housing Development Fund Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Clarkstown Middlewood Housing Development Fund Company Inc (EIN: 132809873) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Clarkstown Middlewood Housing Development Fund Company Inc a good charity to donate to?
Clarkstown Middlewood Housing Development Fund Company Inc has a Mission Score of 65/100. Revenue: $2.4M. Assets: $7.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Clarkstown Middlewood Housing Development Fund Company Inc?
The Employer Identification Number (EIN) for Clarkstown Middlewood Housing Development Fund Company Inc is 132809873. 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 Clarkstown Middlewood Housing Development Fund Company Inc spend its money?
Clarkstown Middlewood Housing Development Fund Company Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Clarkstown Middlewood Housing Development Fund Company Inc's tax-exempt status?
You can verify Clarkstown Middlewood Housing Development Fund Company Inc's tax-exempt status using EIN 132809873 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
Clarkstown Middlewood Housing Development Fund Company Inc. exhibits a complex financial picture. While the organization consistently reports 0% officer compensation, indicating good transparency regarding executive pay, its financial health has seen significant fluctuations. In 2023, the organization reported expenses of $7,584,473 against revenues of $2,446,061, resulting in a substantial deficit. This trend of expenses significantly exceeding revenue is also evident in 2022, where expenses were $6,297,393 against revenues of $1,944,288. This suggests a reliance on other funding sources or a draw-down on assets, which is reflected in the high liabilities of $16,905,715 in 2023 and $17,662,122 in 2022, far exceeding its assets. The sudden increase in expenses and liabilities from 2021 ($1,176,662 expenses, $126,580 liabilities) to 2022 and 2023 suggests a major project or operational shift, which warrants further investigation to understand its long-term sustainability and impact on the organization's mission.