Quick charity verification for Danas Garden Apartments (EIN: 205829788)
Verdict: Danas Garden Apartments shows mixed signals
55/100Mission Score
$100KRevenue
$614KAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits (e.g., $38,721 deficit in 2023)
Declining asset base over time (from $1,068,565 in 2014 to $657,815 in 2023)
Liabilities significantly exceed assets, indicating a negative net asset position (e.g., $1,352,438 liabilities vs. $657,815 assets in 2023)
Strengths
Consistent 0% officer compensation, indicating efficient use of funds for leadership
Regular and consistent IRS 990 filing history (13 filings), demonstrating transparency
Spending Breakdown
How Danas Garden Apartments allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Danas Garden Apartments
Is Danas Garden Apartments a legitimate charity?
Based on AI analysis of IRS 990 filings, Danas Garden Apartments (EIN: 205829788) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Danas Garden Apartments a good charity to donate to?
Danas Garden Apartments has a Mission Score of 55/100. Revenue: $100K. Assets: $614K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Danas Garden Apartments?
The Employer Identification Number (EIN) for Danas Garden Apartments is 205829788. 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 Danas Garden Apartments spend its money?
Danas Garden Apartments allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Danas Garden Apartments's tax-exempt status?
You can verify Danas Garden Apartments's tax-exempt status using EIN 205829788 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
Danas Garden Apartments, operating as a housing organization (NTEE L21), consistently reports revenues that are significantly lower than its expenses. For example, in 2023, revenue was $115,012 while expenses were $153,733, indicating a deficit of $38,721. This trend is consistent across all reported periods, suggesting a reliance on existing assets or other non-revenue funding sources to cover operational costs. The organization's assets have also shown a steady decline over the years, from $1,068,565 in 2014 to $657,815 in 2023, while liabilities have remained relatively stable around $1.35 million. This financial structure, with liabilities significantly exceeding assets, raises concerns about long-term solvency.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable positive is the consistent reporting of 0% officer compensation across all periods, which indicates that executive leadership is not drawing a salary from the organization. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency, particularly the allocation between program services, administrative costs, and fundraising. The consistent operating deficits suggest that the organization may be struggling to cover its costs through its primary revenue streams.
Given the NTEE code for housing, the organization's mission likely involves providing affordable housing. The consistent operational deficits and declining asset base, coupled with high liabilities, suggest financial strain. While the lack of officer compensation is a positive for transparency and resource allocation, the overall financial health appears challenged by persistent deficits and a negative equity position. A deeper dive into the nature of their liabilities and the specific use of funds would be necessary for a more comprehensive understanding of their financial sustainability and impact.