Is Crotona Estates Housing Development Fund…

Quick charity verification for Crotona Estates Housing Development Fund Company Inc (EIN: 132709826)

Red Flags

Consistent negative net asset position (liabilities exceeding assets) since 2018, with liabilities reaching $9,924,682 against $5,592,318 in assets in 2023.
0% reported officer compensation across all filings, which is unusual for an organization of this size and revenue, potentially indicating compensation through other means or entities not fully disclosed.
Significant fluctuations in expenses, such as $5,948,285 in 2022 compared to $2,834,304 in 2023, without clear explanations in the provided data.

Spending Breakdown

How Crotona Estates Housing Development Fund Company Inc 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 Crotona Estates Housing Development Fund Company Inc

Is Crotona Estates Housing Development Fund Company Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Crotona Estates Housing Development Fund Company Inc (EIN: 132709826) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Crotona Estates Housing Development Fund Company Inc a good charity to donate to?

Crotona Estates Housing Development Fund Company Inc has a Mission Score of 65/100. Revenue: $3.0M. Assets: $5.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Crotona Estates Housing Development Fund Company Inc?

The Employer Identification Number (EIN) for Crotona Estates Housing Development Fund Company Inc is 132709826. 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 Crotona Estates Housing Development Fund Company Inc spend its money?

Crotona Estates Housing Development Fund Company Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Crotona Estates Housing Development Fund Company Inc's tax-exempt status?

You can verify Crotona Estates Housing Development Fund Company Inc's tax-exempt status using EIN 132709826 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

Crotona Estates Housing Development Fund Company Inc. demonstrates a consistent operational profile, with revenues generally covering expenses in most recent periods. For example, in 2023, revenue of $3,038,815 exceeded expenses of $2,834,304. However, the organization has experienced significant fluctuations in its financial position, particularly concerning its liabilities. In 2023, liabilities stood at $9,924,682 against assets of $5,592,318, indicating a negative net asset position. This trend of liabilities exceeding assets has been consistent since at least 2018, with a notable increase from $252,388 in 2016 to nearly $10 million in recent years, suggesting substantial debt or long-term obligations.

The organization's spending efficiency appears to be focused on its program services, given the NTEE code L20 (Housing Development, Construction & Management). Without a detailed breakdown of expenses, it's challenging to precisely quantify program spending versus administrative or fundraising costs. However, the consistent reporting of 0% officer compensation across all available filings suggests a lean approach to executive pay, which is a positive indicator for donor confidence. The significant increase in liabilities over time, while potentially tied to housing development projects, warrants closer examination to understand its long-term financial sustainability and risk profile. The lack of officer compensation also raises questions about how leadership is compensated, if at all, or if these roles are entirely volunteer-based.

Is Crotona Estates Housing Development Fund Company Inc Legit?

Verdict: Crotona Estates Housing Development Fund Company Inc shows mixed signals