Is Courtyard Affordable Housing Corp Legit?

Quick charity verification for Courtyard Affordable Housing Corp (EIN: 10482400)

Verdict: Courtyard Affordable Housing Corp appears trustworthy

80/100Mission Score

$853KRevenue

$2.6MAssets

1Red Flags

4Strengths

Red Flags

Consistent liabilities exceeding assets across multiple periods, raising questions about long-term financial structure.

Strengths

Consistent 0% officer compensation, indicating efficient use of funds for mission-related activities.
Stable revenue and expense patterns over many years, suggesting predictable operations.
Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency.
Clear alignment between organization name (Courtyard Affordable Housing Corp) and NTEE code (Housing & Shelter, Other).

Spending Breakdown

How Courtyard Affordable Housing Corp allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

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 Courtyard Affordable Housing Corp

Is Courtyard Affordable Housing Corp a legitimate charity?

Based on AI analysis of IRS 990 filings, Courtyard Affordable Housing Corp (EIN: 10482400) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.

Is Courtyard Affordable Housing Corp a good charity to donate to?

Courtyard Affordable Housing Corp has a Mission Score of 80/100. Revenue: $853K. Assets: $2.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Courtyard Affordable Housing Corp?

The Employer Identification Number (EIN) for Courtyard Affordable Housing Corp is 10482400. 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 Courtyard Affordable Housing Corp spend its money?

Courtyard Affordable Housing Corp allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Courtyard Affordable Housing Corp's tax-exempt status?

You can verify Courtyard Affordable Housing Corp's tax-exempt status using EIN 10482400 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

Courtyard Affordable Housing Corp demonstrates consistent financial activity focused on its mission, as evidenced by its stable revenue and expense figures over the past several years. For the latest reported period (202309), the organization reported revenue of $722,489 against expenses of $642,526, indicating a surplus. A significant positive indicator of financial health and mission focus is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can free up more resources for programs. However, the organization consistently reports liabilities exceeding assets, with liabilities of $3,697,834 against assets of $3,010,684 in 202309, which warrants closer examination to understand the nature of these liabilities and their long-term implications for financial stability.

The organization's spending efficiency appears strong given the absence of reported officer compensation, implying a high proportion of expenses likely go directly to program services or necessary operational costs. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests a lean operational model. The consistent filing of IRS 990s over 13 periods indicates a commitment to transparency, allowing public scrutiny of its financial activities. The NTEE code L99Z (Housing & Shelter, Other) aligns with its name, Courtyard Affordable Housing Corp, reinforcing its programmatic focus.

Despite the positive aspects, the persistent asset-liability imbalance is a key area for potential concern. While common for organizations managing real estate or long-term debt, understanding the composition of these liabilities (e.g., mortgages, program-related investments) is crucial for a complete financial assessment. The significant revenue spike in 201609 ($1,270,770) compared to surrounding years suggests a potential one-time event or grant that significantly boosted income, but the organization has since returned to its more typical revenue range.

View Full Transparency Report →

Disclaimer

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