Quick charity verification for Ebc Housing Iii (EIN: 204525971)
Verdict: Ebc Housing Iii shows mixed signals
60/100Mission Score
$378KRevenue
$2.0MAssets
4Red Flags
3Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue in all reported periods)
Declining asset base over the past decade (from $3.7M in 2014 to $2.4M in 2023)
High liabilities consistently exceeding total assets, indicating potential solvency risk
Lack of clarity on how consistent deficits are funded without officer compensation
Strengths
No reported officer compensation, indicating a lean administrative cost structure
Mission-aligned NTEE code (L22 - Housing Development, Construction & Management)
Long filing history (13 filings) suggests consistent operation and transparency in reporting
Spending Breakdown
How Ebc Housing Iii allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Ebc Housing Iii
Is Ebc Housing Iii a legitimate charity?
Based on AI analysis of IRS 990 filings, Ebc Housing Iii (EIN: 204525971) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
Is Ebc Housing Iii a good charity to donate to?
Ebc Housing Iii has a Mission Score of 60/100. Revenue: $378K. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ebc Housing Iii?
The Employer Identification Number (EIN) for Ebc Housing Iii is 204525971. 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 Ebc Housing Iii spend its money?
Ebc Housing Iii allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ebc Housing Iii's tax-exempt status?
You can verify Ebc Housing Iii's tax-exempt status using EIN 204525971 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
Ebc Housing Iii appears to be a stable, albeit financially constrained, affordable housing provider. The organization consistently operates at a deficit, with expenses exceeding revenue in every reported period. For example, in 2023, expenses were $525,526 against revenues of $442,903, indicating a reliance on existing assets or debt to cover operational costs. This trend is concerning as it suggests an unsustainable financial model if not addressed. The organization's assets have also shown a consistent decline over the years, from $3,733,540 in 2014 to $2,425,007 in 2023, while liabilities have remained high and relatively stable, hovering around $4.7-$4.8 million. This indicates a significant debt burden relative to its assets, with liabilities consistently exceeding assets, suggesting potential solvency issues. The NTEE code L22 (Housing Development, Construction & Management) aligns with its mission, and the lack of officer compensation suggests a lean operational structure, which is a positive for transparency and efficiency. However, the consistent operating deficits and declining asset base warrant close monitoring.