Is Clearwater Homes Inc Legit?

Quick charity verification for Clearwater Homes Inc (EIN: 10705809)

Verdict: Clearwater Homes Inc appears trustworthy

90/100Mission Score

$1.4MRevenue

$962KAssets

1Red Flags

4Strengths

Red Flags

Consistent reporting of 0% officer compensation, which can sometimes mask compensation through other means or indicate potential reliance on unpaid leadership, which may not be sustainable long-term for an organization of this size.

Strengths

Strong financial transparency with 13 years of consistent IRS 990 filings.
Consistent reporting of 0% officer compensation, suggesting a high dedication of funds to mission-related activities.
Significant growth in assets over the past decade, from $300,089 in 2014 to $1,127,391 in 2023.
Generally stable revenue streams, averaging over $1.4 million annually over the past decade.

Spending Breakdown

How Clearwater Homes Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Clearwater Homes Inc

Is Clearwater Homes Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Clearwater Homes Inc (EIN: 10705809) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Clearwater Homes Inc a good charity to donate to?

Clearwater Homes Inc has a Mission Score of 90/100. Revenue: $1.4M. Assets: $962K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Clearwater Homes Inc?

The Employer Identification Number (EIN) for Clearwater Homes Inc is 10705809. 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 Clearwater Homes Inc spend its money?

Clearwater Homes Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Clearwater Homes Inc's tax-exempt status?

You can verify Clearwater Homes Inc's tax-exempt status using EIN 10705809 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

Clearwater Homes Inc. demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. In the most recent filing (202312), the organization reported expenses of $1,492,086 against revenues of $1,299,146, indicating a deficit for that period. However, prior years like 202212 and 202112 showed surpluses, with revenues of $1,447,563 and $1,594,019 respectively, against expenses of $1,375,174 and $1,398,286. The organization's assets have shown growth, increasing from $300,089 in 2014 to $1,127,391 in 2023, suggesting a build-up of financial reserves. Liabilities have fluctuated but remain manageable relative to assets.

Spending efficiency appears to be strong, as the organization consistently reports 0% officer compensation, indicating that all resources are directed towards operational costs and programs rather than executive salaries. This commitment to minimizing administrative overhead is a positive indicator of efficiency. While specific program spending percentages are not provided in the raw data, the absence of executive compensation suggests a lean operational model.

Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a comprehensive financial history. The detailed breakdown of revenues, expenses, assets, and liabilities across these filings allows for a clear understanding of the organization's financial trajectory. The consistent reporting of 0% officer compensation further enhances transparency by clearly indicating how leadership is compensated (or not compensated, in this case).

View Full Transparency Report →

Disclaimer

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