Zero reported officer compensation, indicating efficient use of funds for executive salaries.
Positive net income in the latest filing (2023), showing financial stability.
Growing assets over recent periods, suggesting expansion or asset appreciation.
Spending Breakdown
How Council Towers Ii Housing Development Fund Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Ii Housing Development Fund Corporation
Is Council Towers Ii Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Council Towers Ii Housing Development Fund Corporation (EIN: 133751223) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Council Towers Ii Housing Development Fund Corporation a good charity to donate to?
Council Towers Ii Housing Development Fund Corporation has a Mission Score of 85/100. Revenue: $2.7M. Assets: $4.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Council Towers Ii Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Council Towers Ii Housing Development Fund Corporation is 133751223. 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 Ii Housing Development Fund Corporation spend its money?
Council Towers Ii Housing Development Fund Corporation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Council Towers Ii Housing Development Fund Corporation's tax-exempt status?
You can verify Council Towers Ii Housing Development Fund Corporation's tax-exempt status using EIN 133751223 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 Ii Housing Development Fund Corporation demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, such as in 2023 where revenue was $2,406,931 against expenses of $2,311,479. The organization's assets have shown growth, reaching $5,001,456 in 2023, though they are significantly outweighed by substantial liabilities, which stood at $14,106,866 in the same year. This indicates a highly leveraged financial structure, common for housing development funds that often carry large mortgages or construction loans.
The organization's spending efficiency appears to be focused on its program services, given the nature of a housing development fund. Without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, a precise efficiency ratio cannot be calculated. However, the consistent operation and positive net income in the latest filing suggest effective management of its core activities. The absence of reported officer compensation across all filings indicates a lean overhead in terms of executive salaries, which is a positive sign for donor confidence.
Transparency is generally good, with 13 years of consistent IRS 990 filings available. The zero officer compensation reported across all periods is a notable aspect of its financial transparency, indicating that executive leadership may be voluntary or compensated through other means not classified as officer compensation on the 990, or that the organization operates with a very flat structure. Further detail on the allocation of expenses would enhance the understanding of its operational efficiency.