Is Community House Housing Development Fund Company Inc Legit?

Quick charity verification for Community House Housing Development Fund Company Inc (EIN: 113401318)

Verdict: Community House Housing Development Fund Company Inc appears trustworthy

70/100Mission Score

$1.8MRevenue

$3.2MAssets

3Red Flags

3Strengths

Red Flags

Consistent operating deficits (expenses exceeding revenue) over a decade, e.g., $2,261,334 expenses vs. $1,688,193 revenue in 2023.
Declining asset base from $6,788,002 in 2011 to $3,391,132 in 2023.
Increasing liabilities from $10,564,840 in 2011 to $11,198,546 in 2023, alongside decreasing assets.

Strengths

Consistent reporting of 0% officer compensation, indicating strong financial transparency regarding executive pay.
Maintains a substantial asset base ($3.3M in 2023) relative to its annual revenue, providing some financial cushion.
Consistent revenue generation over the past decade, averaging around $1.6M annually.

Spending Breakdown

How Community House 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

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 Community House Housing Development Fund Company Inc

Is Community House Housing Development Fund Company Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Community House Housing Development Fund Company Inc (EIN: 113401318) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is Community House Housing Development Fund Company Inc a good charity to donate to?

Community House Housing Development Fund Company Inc has a Mission Score of 70/100. Revenue: $1.8M. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Community House Housing Development Fund Company Inc?

The Employer Identification Number (EIN) for Community House Housing Development Fund Company Inc is 113401318. 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 Community House Housing Development Fund Company Inc spend its money?

Community House 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 Community House Housing Development Fund Company Inc's tax-exempt status?

You can verify Community House Housing Development Fund Company Inc's tax-exempt status using EIN 113401318 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

Community House Housing Development Fund Company Inc appears to be in a stable, albeit somewhat constrained, financial position. Over the past decade, the organization has consistently operated with expenses exceeding revenue, as seen in the 202312 period where expenses were $2,261,334 against revenues of $1,688,193. This trend has led to a gradual decline in assets, from $6,788,002 in 2011 to $3,391,132 in 2023. Despite this, the organization maintains significant assets relative to its annual revenue, suggesting a foundational stability, likely tied to its housing development mission. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay, or that executive compensation is not a significant expense category for this organization.

The organization's financial health is characterized by consistent revenue streams, but also by persistent operating deficits. While the NTEE code L20Z (Housing Development, Construction & Management) often involves significant capital expenditures and long-term debt, the increasing liabilities from $10,564,840 in 2011 to $11,198,546 in 2023, coupled with decreasing assets, warrants close monitoring. The lack of reported officer compensation suggests that administrative costs related to executive salaries are minimal, potentially allowing more funds to be directed towards program services, though a detailed breakdown of program vs. administrative spending is not provided in the summary data. Overall, the organization demonstrates a commitment to its mission through consistent operations, but its long-term financial sustainability could be improved by addressing the recurring revenue-expense gap.

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Disclaimer

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