Is Family Residences And Essential Enterprises Inc Legit?
Quick charity verification for Family Residences And Essential Enterprises Inc (EIN: 112420547)
Verdict: Family Residences And Essential Enterprises Inc appears trustworthy
78/100Mission Score
$177.2MRevenue
$112.8MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% reported for Officer Compensation, which is unusual for an organization of this scale and requires further investigation.
Lack of detailed functional expense breakdown in the provided summary data, hindering a precise assessment of spending efficiency.
Strengths
Consistent and substantial revenue growth, from $88.2 million in 2014 to $157.1 million in 2023, indicating strong operational capacity and demand for services.
Maintains narrow operating surpluses, demonstrating careful financial management and a focus on utilizing funds for current operations rather than accumulating large reserves.
Significant asset growth, from $60.5 million in 2014 to $99.8 million in 2023, suggesting investment in infrastructure and capacity to support its mission.
Long filing history (13 filings) indicates sustained operations and compliance with IRS reporting requirements.
Spending Breakdown
How Family Residences And Essential Enterprises Inc 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 Family Residences And Essential Enterprises Inc
Is Family Residences And Essential Enterprises Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Residences And Essential Enterprises Inc (EIN: 112420547) appears trustworthy. Mission Score: 78/100. 2 red flags identified, 4 strengths noted.
Is Family Residences And Essential Enterprises Inc a good charity to donate to?
Family Residences And Essential Enterprises Inc has a Mission Score of 78/100. Revenue: $177.2M. Assets: $112.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Family Residences And Essential Enterprises Inc?
The Employer Identification Number (EIN) for Family Residences And Essential Enterprises Inc is 112420547. 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 Family Residences And Essential Enterprises Inc spend its money?
Family Residences And Essential Enterprises Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Family Residences And Essential Enterprises Inc's tax-exempt status?
You can verify Family Residences And Essential Enterprises Inc's tax-exempt status using EIN 112420547 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
Family Residences And Essential Enterprises Inc (FREE) demonstrates consistent financial growth, with revenue increasing from $88.2 million in 2014 to $157.1 million in 2023. The organization consistently operates with a narrow surplus, indicating careful management of resources relative to its large scale. For instance, in 2023, revenue was $157,107,865 against expenses of $155,124,751, resulting in a surplus of approximately $2 million. This operational model suggests a focus on delivering services without accumulating excessive reserves, which is common for organizations heavily reliant on government funding or service fees.
While the provided data does not detail the exact breakdown of program, administrative, and fundraising expenses, the consistent operational surpluses and growth in assets (from $60.5 million in 2014 to $99.8 million in 2023) suggest a stable financial foundation. The organization's NTEE code (F330 - Residential Care & Adult Day Programs) implies a significant portion of expenses would naturally be tied to direct service delivery. The absence of reported officer compensation in the provided data for all periods is a notable point regarding transparency, as it could indicate that compensation is reported differently or that key executives are compensated through related entities, which would require further investigation for a complete picture of executive pay.
Overall, FREE appears to be a financially stable and growing organization. Its consistent revenue growth and careful expense management, as evidenced by narrow surpluses, suggest a focus on sustaining and expanding its mission-related activities. However, a more detailed breakdown of functional expenses would provide greater clarity on spending efficiency, and the lack of reported officer compensation warrants further inquiry into executive remuneration practices.