Is East Harlem Pilot Block Housing Development Fund Co Inc Legit?
Quick charity verification for East Harlem Pilot Block Housing Development Fund Co Inc (EIN: 132710179)
Verdict: East Harlem Pilot Block Housing Development Fund Co Inc shows mixed signals
65/100Mission Score
$87.6MRevenue
$103.0MAssets
3Red Flags
3Strengths
Red Flags
Consistent liabilities significantly exceeding assets, indicating a negative net asset position (e.g., $142M liabilities vs. $84M assets in 2023).
Negative revenue reported in multiple earlier filing periods (e.g., 2014-2016), which is an unusual financial reporting pattern.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
Consistent growth in revenue over recent years, from $27,311,775 in 2021 to $34,464,799 in 2023.
Steady increase in assets, from $67,481,835 in 2021 to $84,762,915 in 2023.
Reported 0% officer compensation across all filings, suggesting either volunteer leadership or efficient compensation management.
Spending Breakdown
How East Harlem Pilot Block Housing Development Fund Co Inc 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 East Harlem Pilot Block Housing Development Fund Co Inc
Is East Harlem Pilot Block Housing Development Fund Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, East Harlem Pilot Block Housing Development Fund Co Inc (EIN: 132710179) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is East Harlem Pilot Block Housing Development Fund Co Inc a good charity to donate to?
East Harlem Pilot Block Housing Development Fund Co Inc has a Mission Score of 65/100. Revenue: $87.6M. Assets: $103.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for East Harlem Pilot Block Housing Development Fund Co Inc?
The Employer Identification Number (EIN) for East Harlem Pilot Block Housing Development Fund Co Inc is 132710179. 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 East Harlem Pilot Block Housing Development Fund Co Inc spend its money?
East Harlem Pilot Block Housing Development Fund Co Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify East Harlem Pilot Block Housing Development Fund Co Inc's tax-exempt status?
You can verify East Harlem Pilot Block Housing Development Fund Co Inc's tax-exempt status using EIN 132710179 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
East Harlem Pilot Block Housing Development Fund Co Inc demonstrates a consistent pattern of increasing revenue and assets over the past several years, indicating financial growth. For instance, revenue grew from $27,311,775 in 2021 to $34,464,799 in 2023, and assets increased from $67,481,835 to $84,762,915 in the same period. However, the organization consistently reports liabilities significantly exceeding its assets, with liabilities at $142,386,588 against assets of $84,762,915 in 2023. This substantial negative net asset position warrants further investigation into the nature of these liabilities and the organization's long-term solvency.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that executive compensation is reported under other expense categories, which could impact transparency. The significant negative revenue reported in earlier years (e.g., -$2,662,708 in 2016) also raises questions about the financial reporting practices during those periods.
Overall, while the organization shows growth in revenue and assets, the persistent high liabilities relative to assets and the lack of detailed expense breakdowns in the provided data present areas for concern regarding financial health and transparency. The absence of reported officer compensation is a notable point, but without further context, it's hard to determine if it's a strength or a transparency gap.