Is Council Towers Iv Housing Development Fund Corporation Legit?
Quick charity verification for Council Towers Iv Housing Development Fund Corporation (EIN: 133986958)
Verdict: Council Towers Iv Housing Development Fund Corporation appears trustworthy
70/100Mission Score
$2.1MRevenue
$5.1MAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue) over multiple years.
Significant and increasing liabilities, reaching $13,921,874 in 2023.
Steady decline in total assets over the past decade, from $7.98M in 2014 to $5.05M in 2023.
Strengths
Zero reported officer compensation, indicating efficient use of funds at the executive level.
Long operating history with 13 filings, suggesting established operations.
NTEE code (L200) aligns directly with the organization's name and likely mission, indicating clear purpose.
Spending Breakdown
How Council Towers Iv Housing Development Fund Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Iv Housing Development Fund Corporation
Is Council Towers Iv Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Council Towers Iv Housing Development Fund Corporation (EIN: 133986958) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Council Towers Iv Housing Development Fund Corporation a good charity to donate to?
Council Towers Iv Housing Development Fund Corporation has a Mission Score of 70/100. Revenue: $2.1M. Assets: $5.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Council Towers Iv Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Council Towers Iv Housing Development Fund Corporation is 133986958. 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 Iv Housing Development Fund Corporation spend its money?
Council Towers Iv Housing Development Fund Corporation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Council Towers Iv Housing Development Fund Corporation's tax-exempt status?
You can verify Council Towers Iv Housing Development Fund Corporation's tax-exempt status using EIN 133986958 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 Iv Housing Development Fund Corporation appears to be a stable, albeit consistently deficit-spending, organization focused on its housing development mission. Over the past several years, the organization has consistently reported expenses exceeding revenue, for example, in 2023, expenses were $2,088,600 against revenues of $1,792,265, and in 2022, expenses were $1,975,936 against revenues of $1,551,486. This trend suggests reliance on accumulated assets or other funding mechanisms to cover operational costs, as evidenced by a gradual decrease in assets from $7,986,074 in 2014 to $5,051,928 in 2023. The organization's NTEE code L200 (Housing Development, Construction & Management) aligns with its name and likely primary activities. The consistent reporting of 0% officer compensation indicates a lean administrative structure regarding executive pay, which is a positive sign for donor confidence in resource allocation. However, the significant and growing liabilities, reaching $13,921,874 in 2023, warrant closer examination to understand their nature and long-term implications for financial stability.