Is Dover Foxcroft Housing Development Corporation Legit?
Quick charity verification for Dover Foxcroft Housing Development Corporation (EIN: 10317899)
Verdict: Dover Foxcroft Housing Development Corporation appears trustworthy
95/100Mission Score
$568KRevenue
$1.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent operating surpluses, such as $57,603 in 2023 ($565,635 revenue - $508,032 expenses).
Growing asset base, increasing from $998,697 in 2014 to $1,140,374 in 2023.
Significant reduction in liabilities, from $847,295 in 2014 to $457,962 in 2023.
Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
Stable revenue streams, consistently around $500,000-$560,000 annually.
Spending Breakdown
How Dover Foxcroft Housing Development Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Dover Foxcroft Housing Development Corporation
Is Dover Foxcroft Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Dover Foxcroft Housing Development Corporation (EIN: 10317899) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Dover Foxcroft Housing Development Corporation a good charity to donate to?
Dover Foxcroft Housing Development Corporation has a Mission Score of 95/100. Revenue: $568K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Dover Foxcroft Housing Development Corporation?
The Employer Identification Number (EIN) for Dover Foxcroft Housing Development Corporation is 10317899. 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 Dover Foxcroft Housing Development Corporation spend its money?
Dover Foxcroft Housing Development Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Dover Foxcroft Housing Development Corporation's tax-exempt status?
You can verify Dover Foxcroft Housing Development Corporation's tax-exempt status using EIN 10317899 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
Dover Foxcroft Housing Development Corporation demonstrates consistent financial stability, with revenues generally exceeding expenses over the past decade. For instance, in 2023, the organization reported revenues of $565,635 against expenses of $508,032, indicating a healthy operating surplus. Its asset base has also shown steady growth, reaching $1,140,374 in 2023, while liabilities have been gradually decreasing from $847,295 in 2014 to $457,962 in 2023, suggesting prudent financial management and a strengthening balance sheet. The absence of reported officer compensation across all filings indicates a strong commitment to directing funds towards its mission, enhancing its spending efficiency and transparency. This consistent financial performance and lack of executive compensation are strong indicators of a well-managed and mission-focused organization.