Quick charity verification for Essex Non Profit Housing Corporation (EIN: 203773809)
Verdict: Essex Non Profit Housing Corporation appears trustworthy
85/100Mission Score
$24.8MRevenue
$17.0MAssets
1Red Flags
4Strengths
Red Flags
Consistent reporting of 0% officer compensation for an organization of this size is unusual and warrants further inquiry into how leadership is compensated or structured.
Strengths
Strong program spending efficiency, with an estimated 90% of expenses directed to programs.
Consistent financial reporting and transparency through regular IRS 990 filings.
Stable revenue streams over the past decade, indicating reliable operations.
Significant growth in assets, from approximately $6.7 million in 2014 to over $17 million currently, suggesting successful asset accumulation or revaluation.
Spending Breakdown
How Essex Non Profit Housing Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Essex Non Profit Housing Corporation
Is Essex Non Profit Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Essex Non Profit Housing Corporation (EIN: 203773809) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Essex Non Profit Housing Corporation a good charity to donate to?
Essex Non Profit Housing Corporation has a Mission Score of 85/100. Revenue: $24.8M. Assets: $17.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Essex Non Profit Housing Corporation?
The Employer Identification Number (EIN) for Essex Non Profit Housing Corporation is 203773809. 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 Essex Non Profit Housing Corporation spend its money?
Essex Non Profit Housing Corporation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Essex Non Profit Housing Corporation's tax-exempt status?
You can verify Essex Non Profit Housing Corporation's tax-exempt status using EIN 203773809 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
Essex Non Profit Housing Corporation demonstrates consistent financial activity focused on its mission, as evidenced by its stable revenue and expense patterns over the past decade. The organization consistently spends a high proportion of its total expenses on program services, indicating efficient use of funds directly towards its housing initiatives. For instance, in 2023, with total expenses of $2,304,517, a significant majority would have been directed to programs given the low administrative and fundraising costs. The organization's transparency is strong, particularly due to its consistent filing of IRS Form 990s and the explicit reporting of zero officer compensation, which is a positive indicator for public trust. While the organization has consistently reported liabilities exceeding assets in recent years, this is not uncommon for housing development nonprofits that often carry significant debt related to property acquisition and development, which is typically offset by the long-term value of the housing assets and rental income streams. The latest reported assets of $17,016,628 against liabilities of $7,659,133 (from 202306 filing) show a positive shift in its asset-to-liability ratio, suggesting improved financial positioning.