Is Euclid Hall Housing Development Fund Company Inc Legit?
Quick charity verification for Euclid Hall Housing Development Fund Company Inc (EIN: 133527248)
Verdict: Euclid Hall Housing Development Fund Company Inc appears trustworthy
75/100Mission Score
$3.6MRevenue
$29.4MAssets
2Red Flags
3Strengths
Red Flags
Consistent operating deficits where expenses exceed revenue, as seen in 202306 ($4,216,321 expenses vs. $3,835,854 revenue) and 202206 ($4,160,417 expenses vs. $3,712,175 revenue).
Significant liabilities (e.g., $24,368,775 in 202306) relative to assets, which could indicate high leverage.
Strengths
Consistent reporting of 0% officer compensation across all available filings, indicating efficient use of funds at the executive level.
Stable asset base, consistently around $30 million, suggesting a well-established and maintained physical infrastructure.
Long history of IRS 990 filings (11 filings), demonstrating consistent transparency and compliance.
Spending Breakdown
How Euclid Hall Housing Development Fund Company Inc 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 Euclid Hall Housing Development Fund Company Inc
Is Euclid Hall Housing Development Fund Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Euclid Hall Housing Development Fund Company Inc (EIN: 133527248) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Euclid Hall Housing Development Fund Company Inc a good charity to donate to?
Euclid Hall Housing Development Fund Company Inc has a Mission Score of 75/100. Revenue: $3.6M. Assets: $29.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Euclid Hall Housing Development Fund Company Inc?
The Employer Identification Number (EIN) for Euclid Hall Housing Development Fund Company Inc is 133527248. 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 Euclid Hall Housing Development Fund Company Inc spend its money?
Euclid Hall Housing Development Fund Company Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Euclid Hall Housing Development Fund Company Inc's tax-exempt status?
You can verify Euclid Hall Housing Development Fund Company Inc's tax-exempt status using EIN 133527248 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
Euclid Hall Housing Development Fund Company Inc. demonstrates consistent financial operations, primarily focused on housing development. Over the past several years, the organization has maintained stable asset levels, hovering around $30 million, with liabilities consistently in the $22-24 million range. This indicates a relatively stable financial structure, though it also suggests a significant reliance on debt or long-term obligations to finance its assets. The organization's expenses have frequently exceeded its revenue in recent periods, such as in 202306 where expenses were $4,216,321 against revenues of $3,835,854, and in 202206 with expenses of $4,160,417 against revenues of $3,712,175. This trend of operating at a deficit could be a concern if it continues long-term without a clear strategy for sustainability.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent reporting of 0% officer compensation across all available filings suggests a lean approach to executive pay, which is generally a positive indicator for efficiency. The organization's primary function as a housing development fund company implies that most of its expenditures would naturally be directed towards its programmatic mission of providing housing.
Transparency appears to be adequate given the consistent filing of IRS Form 990s. The absence of reported officer compensation is a notable point, suggesting either a volunteer-led executive team or compensation being covered by an affiliated entity, which would warrant further investigation for complete transparency. The consistent financial reporting over many years provides a good historical view of its operations.