Is Clinton Housing Development Fund Corporation Legit?
Quick charity verification for Clinton Housing Development Fund Corporation (EIN: 133051006)
Verdict: Clinton Housing Development Fund Corporation appears trustworthy
75/100Mission Score
$2.5MRevenue
$25.2MAssets
2Red Flags
3Strengths
Red Flags
Consistent annual operating deficits (e.g., $2,470,321 expenses vs. $2,178,612 revenue in 2023)
Unusually low or zero reported officer compensation for an organization with substantial assets, which may obscure true executive costs.
Strengths
Strong and stable asset base, consistently over $23 million, providing financial stability.
Consistent IRS 990 filing history (16 filings), indicating good compliance and transparency.
No reported officer compensation, suggesting a potentially very lean administrative cost at the executive level.
Spending Breakdown
How Clinton Housing Development Fund Corporation 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 Clinton Housing Development Fund Corporation
Is Clinton Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Clinton Housing Development Fund Corporation (EIN: 133051006) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Clinton Housing Development Fund Corporation a good charity to donate to?
Clinton Housing Development Fund Corporation has a Mission Score of 75/100. Revenue: $2.5M. Assets: $25.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Clinton Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Clinton Housing Development Fund Corporation is 133051006. 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 Clinton Housing Development Fund Corporation spend its money?
Clinton Housing Development Fund Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Clinton Housing Development Fund Corporation's tax-exempt status?
You can verify Clinton Housing Development Fund Corporation's tax-exempt status using EIN 133051006 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
Clinton Housing Development Fund Corporation demonstrates consistent financial activity, with revenues and expenses hovering around $2 million to $2.7 million annually over the past decade. The organization consistently operates with expenses exceeding revenue, as seen in 2023 where expenses were $2,470,321 against revenues of $2,178,612. This trend suggests a reliance on accumulated assets or other funding sources to cover operational costs, rather than generating a surplus from annual operations. Despite this, its asset base remains substantial and relatively stable, ranging from $23.8 million to $26.9 million, indicating a strong underlying financial foundation.
The organization's spending efficiency appears to be focused on its mission, given the NTEE code L21 (Housing Development, Construction & Management). The consistent lack of reported officer compensation across all filings is a notable aspect of its financial management, suggesting a volunteer-led or very lean administrative structure at the executive level. While the exact breakdown of program versus administrative spending isn't provided in the summary data, the absence of executive compensation is a positive indicator for donor confidence regarding overhead.
Transparency is generally good, with 16 filings available, indicating consistent reporting to the IRS. However, without a detailed breakdown of functional expenses (program, administrative, fundraising) from the provided data, a complete assessment of spending efficiency is challenging. The consistent deficit in annual operations, while not necessarily a red flag for an organization with substantial assets, warrants closer examination to understand its long-term sustainability strategy.