Occasional periods where expenses exceed revenue, such as in 2022, indicating potential operational deficits.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission.
Increasing revenue trend from $1,317,909 in 2019 to $2,328,969 in 2023, showing growth in operational capacity.
Focus on housing development (NTEE E91Z) suggests a clear and consistent mission.
Spending Breakdown
How Council Towers Housing Development Fund Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Council Towers Housing Development Fund Corporation
Is Council Towers Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Council Towers Housing Development Fund Corporation (EIN: 133741272) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Council Towers Housing Development Fund Corporation a good charity to donate to?
Council Towers Housing Development Fund Corporation has a Mission Score of 85/100. Revenue: $2.5M. Assets: $4.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Council Towers Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Council Towers Housing Development Fund Corporation is 133741272. 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 Council Towers Housing Development Fund Corporation spend its money?
Council Towers Housing Development Fund Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Council Towers Housing Development Fund Corporation's tax-exempt status?
You can verify Council Towers Housing Development Fund Corporation's tax-exempt status using EIN 133741272 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
Council Towers Housing Development Fund Corporation appears to be a stable organization focused on its housing mission, as indicated by its NTEE code E91Z (Housing Development, Construction & Management). The organization consistently reports no officer compensation, which is a positive indicator of volunteer leadership and potentially lower administrative overhead. Over the past several years, the organization has shown a trend of increasing revenue, from $1,317,909 in 2019 to $2,328,969 in 2023, suggesting growing operational capacity. However, the organization consistently carries significant liabilities, ranging from $12,115,599 in 2019 to $12,703,932 in 2023, which are substantially higher than its assets. This financial structure, common for housing development funds, warrants closer examination to understand the nature of these liabilities (e.g., mortgages, bonds) and their long-term sustainability. While the organization's expenses have generally tracked with revenue, it has experienced periods where expenses exceeded revenue, such as in 2022 ($2,000,132 expenses vs. $1,823,709 revenue), indicating a need for careful financial management to maintain solvency.