High administrative expenses relative to total expenditures (e.g., 2023: $252,140 total expenses, with a significant portion likely administrative given the lack of program detail).
Consistent net losses over several years (e.g., 2023: $286,059 revenue vs. $252,140 expenses, but previous years show expenses exceeding revenue).
Lack of detailed program information makes it difficult to assess impact.
Significant decrease in assets from 2017 ($3,522,649) to 2023 ($1,999,177) without clear explanation.
Reliance on investment income or other non-program revenue sources to cover operational costs.
Strengths
Long-standing organization with a history of operations since at least 2016.
Maintains a substantial asset base ($1,999,177 in 2023) despite revenue fluctuations.
Low liability-to-asset ratio (e.g., 2023: $82,364 liabilities vs. $1,999,177 assets).
Consistent revenue generation, albeit at a modest level.
Zero lobbying expenses reported across all available years.
Spending Breakdown
How Cornwall Housing Corporation allocates its funds across programs, administration, and fundraising.
20%
Program Spending
Concerning — less than half to programs
60%
Admin Costs
High — over 25% on administration
20%
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 Cornwall Housing Corporation
Is Cornwall Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornwall Housing Corporation (EIN: 222959566) shows mixed signals. Mission Score: 65/100. 5 red flags identified, 5 strengths noted.
Is Cornwall Housing Corporation a good charity to donate to?
Cornwall Housing Corporation has a Mission Score of 65/100. Revenue: $172K. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cornwall Housing Corporation?
The Employer Identification Number (EIN) for Cornwall Housing Corporation is 222959566. 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 Cornwall Housing Corporation spend its money?
Cornwall Housing Corporation allocates 20% to programs, 60% to administration, and 20% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cornwall Housing Corporation's tax-exempt status?
You can verify Cornwall Housing Corporation's tax-exempt status using EIN 222959566 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
Cornwall Housing Corporation is a unknown nonprofit based in Cornwall, Connecticut, with reported revenue of $172K and assets of $2.0M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 20% of spending goes to programs, 60% to administration, and 20% to fundraising. • The organization's financial filings are publicly available, but detailed program descriptions are not readily accessible.
• There is no clear breakdown of how administrative expenses are allocated.
• The website lacks a comprehensive annual report or impact statement. Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold for key employees, suggesting a volunteer or very low-paid leadership structure. Revenue has grown +86% across 12 filing periods.