Is E C Housing Development Fund Company Inc Legit?
Quick charity verification for E C Housing Development Fund Company Inc (EIN: 133121459)
Verdict: E C Housing Development Fund Company Inc shows mixed signals
40/100Mission Score
$2.1MRevenue
$2.3MAssets
4Red Flags
2Strengths
Red Flags
Persistent operating deficits (e.g., $48,817 deficit in 2023, $372,876 deficit in 2022).
Liabilities significantly exceed assets (e.g., $7,535,734 liabilities vs. $2,780,041 assets in 2023).
Unexplained periods of $0 reported expenses despite negative revenue (2014-2020).
Negative revenue reported in multiple years (e.g., -$166,954 in 2020, -$79,401 in 2019).
Strengths
0% reported officer compensation across all available filings, indicating no executive pay.
Consistent filing of IRS 990 forms, demonstrating a commitment to regulatory compliance.
Spending Breakdown
How E C Housing Development Fund Company Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 E C Housing Development Fund Company Inc
Is E C Housing Development Fund Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, E C Housing Development Fund Company Inc (EIN: 133121459) shows mixed signals. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
Is E C Housing Development Fund Company Inc a good charity to donate to?
E C Housing Development Fund Company Inc has a Mission Score of 40/100. Revenue: $2.1M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for E C Housing Development Fund Company Inc?
The Employer Identification Number (EIN) for E C Housing Development Fund Company Inc is 133121459. 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 E C Housing Development Fund Company Inc spend its money?
E C Housing Development Fund Company Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify E C Housing Development Fund Company Inc's tax-exempt status?
You can verify E C Housing Development Fund Company Inc's tax-exempt status using EIN 133121459 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
E C Housing Development Fund Company Inc exhibits a concerning financial trend with consistent operating deficits in recent years. For example, in 2023, expenses of $2,231,651 exceeded revenue of $2,182,834, and in 2022, expenses of $2,681,238 significantly outpaced revenue of $2,308,362. The organization's liabilities have consistently been substantially higher than its assets, reaching $7,535,734 in liabilities against $2,780,041 in assets in 2023, indicating a precarious financial position. The lack of reported expenses for several years (2014-2020) despite negative revenue figures raises significant questions about the completeness and transparency of their financial reporting during those periods. This makes a full assessment of spending efficiency challenging without further detail.
The organization's financial health appears weak due to these persistent deficits and high liabilities. While the officer compensation is reported as 0% across all available filings, which is positive for donor confidence regarding executive pay, the overall financial picture suggests a need for improved financial management and clearer reporting. The absence of detailed expense breakdowns in the provided data also hinders a thorough analysis of spending efficiency, particularly the allocation between program, administrative, and fundraising costs. The significant negative revenues reported in earlier years (e.g., -$166,954 in 2020) without corresponding expenses are highly unusual and warrant further investigation to understand the underlying financial activities.