Is Fall River Community Housing Resource Board Inc Legit?
Quick charity verification for Fall River Community Housing Resource Board Inc (EIN: 222547079)
Verdict: Fall River Community Housing Resource Board Inc appears trustworthy
75/100Mission Score
$2.0MRevenue
$10.2MAssets
2Red Flags
3Strengths
Red Flags
High liabilities relative to assets: In 2021, liabilities were $8,174,357 against assets of $5,911,721, indicating a potentially leveraged financial position.
Consistent negative net assets: The organization consistently reports higher liabilities than assets across all provided years, suggesting a structural financial challenge or specific accounting for housing assets/debt.
Strengths
Consistent revenue generation: The organization has maintained revenue streams over many years, with 2021 revenue at $810,621.
Significant asset base: Despite high liabilities, the organization manages a substantial asset base, reaching $5,911,721 in 2021.
Long-standing operation: Established in Fall River, MA, the organization has a long history of serving its community, indicated by data dating back to 2014.
Spending Breakdown
How Fall River Community Housing Resource Board Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
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 Fall River Community Housing Resource Board Inc
Is Fall River Community Housing Resource Board Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fall River Community Housing Resource Board Inc (EIN: 222547079) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Fall River Community Housing Resource Board Inc a good charity to donate to?
Fall River Community Housing Resource Board Inc has a Mission Score of 75/100. Revenue: $2.0M. Assets: $10.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fall River Community Housing Resource Board Inc?
The Employer Identification Number (EIN) for Fall River Community Housing Resource Board Inc is 222547079. 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 Fall River Community Housing Resource Board Inc spend its money?
Fall River Community Housing Resource Board Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fall River Community Housing Resource Board Inc's tax-exempt status?
You can verify Fall River Community Housing Resource Board Inc's tax-exempt status using EIN 222547079 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
Fall River Community Housing Resource Board Inc is a housing & shelter nonprofit based in Fall River, Massachusetts, with reported revenue of $2.0M and assets of $10.2M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. • The organization's financial filings are publicly available, showing consistent reporting over several years.
• Detailed breakdowns of program expenses versus administrative and fundraising costs are not explicitly provided in the summary data, requiring deeper analysis of full tax forms. Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary. Revenue has grown +240% across 11 filing periods.