Is Dallas County Local Housing Trust Fund Inc Legit?
Quick charity verification for Dallas County Local Housing Trust Fund Inc (EIN: 10824510)
Verdict: Dallas County Local Housing Trust Fund Inc appears trustworthy
85/100Mission Score
$411KRevenue
$56KAssets
1Red Flags
4Strengths
Red Flags
Relatively low asset base compared to annual revenue, suggesting limited reserves for unexpected events (e.g., $3,537 assets vs. $287,993 revenue in 2023).
Strengths
Consistent program spending with revenues generally exceeding expenses (e.g., $287,993 revenue vs. $275,989 expenses in 2023).
Zero reported officer compensation across all filings, indicating high efficiency and dedication to mission.
Positive trend in revenue growth over recent years, demonstrating increasing support and impact.
Consistent IRS 990 filing history, indicating good transparency and compliance.
Spending Breakdown
How Dallas County Local Housing Trust Fund Inc 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 Dallas County Local Housing Trust Fund Inc
Is Dallas County Local Housing Trust Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dallas County Local Housing Trust Fund Inc (EIN: 10824510) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Dallas County Local Housing Trust Fund Inc a good charity to donate to?
Dallas County Local Housing Trust Fund Inc has a Mission Score of 85/100. Revenue: $411K. Assets: $56K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Dallas County Local Housing Trust Fund Inc?
The Employer Identification Number (EIN) for Dallas County Local Housing Trust Fund Inc is 10824510. 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 Dallas County Local Housing Trust Fund Inc spend its money?
Dallas County Local Housing Trust Fund Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Dallas County Local Housing Trust Fund Inc's tax-exempt status?
You can verify Dallas County Local Housing Trust Fund Inc's tax-exempt status using EIN 10824510 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
Dallas County Local Housing Trust Fund Inc demonstrates a consistent commitment to its mission of providing housing assistance, as evidenced by its program spending. The organization's financial health appears stable, with revenues generally exceeding expenses in recent years, such as in 2023 where revenue was $287,993 against expenses of $275,989. However, its asset base remains relatively low compared to its annual revenue, with assets of $3,537 in 2023 and $56,259 currently, suggesting a lean operational model with funds quickly deployed. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, and the absence of officer compensation indicates a volunteer-driven or very low-overhead leadership structure, which is a positive sign for donor confidence.
The organization's spending efficiency is high, with a significant portion of its expenses directed towards programs. While specific program vs. administrative vs. fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests that the vast majority of funds are used for direct services, given the lack of officer compensation and relatively low asset accumulation. The consistent, albeit modest, growth in revenue over the past few years, from $116,397 in 2017 to $287,993 in 2023, indicates a growing capacity to serve its community. The organization's liabilities have fluctuated but generally remain manageable relative to its revenue.