Is Farrell Street Senior Housing Corporation Legit?
Quick charity verification for Farrell Street Senior Housing Corporation (EIN: 202954571)
Verdict: Farrell Street Senior Housing Corporation has notable concerns
10/100Mission Score
$0Revenue
$1Assets
3Red Flags
2Strengths
Red Flags
No reported program activity for over a decade
Consistent $0 revenue and expenses for 10+ years
Minimal assets ($1) suggesting a non-operational status
Strengths
Consistent filing of IRS Form 990s, demonstrating compliance
No reported officer compensation, appropriate for a dormant entity
Spending Breakdown
How Farrell Street Senior Housing Corporation allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
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 Farrell Street Senior Housing Corporation
Is Farrell Street Senior Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Farrell Street Senior Housing Corporation (EIN: 202954571) has notable concerns. Mission Score: 10/100. 3 red flags identified, 2 strengths noted.
Is Farrell Street Senior Housing Corporation a good charity to donate to?
Farrell Street Senior Housing Corporation has a Mission Score of 10/100. Revenue: $0. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Farrell Street Senior Housing Corporation?
The Employer Identification Number (EIN) for Farrell Street Senior Housing Corporation is 202954571. 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 Farrell Street Senior Housing Corporation spend its money?
Farrell Street Senior Housing Corporation allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Farrell Street Senior Housing Corporation's tax-exempt status?
You can verify Farrell Street Senior Housing Corporation's tax-exempt status using EIN 202954571 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
Farrell Street Senior Housing Corporation appears to be a dormant or shell organization based on its consistent financial filings. For the past decade, from 2013 to 2023, the organization has reported $0 in revenue and expenses, with total assets consistently at $1 and no liabilities. This indicates no operational activity or financial transactions. While the organization has filed its IRS Form 990s consistently, which demonstrates a basic level of compliance, the lack of any financial activity means there is no spending efficiency to assess. Transparency is met through filing, but the filings themselves reveal a complete absence of financial operations.
Given the complete lack of financial activity, it is impossible to evaluate the organization's financial health in terms of sustainability or impact. There are no programs being funded, no administrative costs, and no fundraising efforts. The consistent reporting of minimal assets and no revenue or expenses suggests it may exist as a placeholder or for future potential projects that have not yet materialized. Without any financial movement, the organization's current state is one of complete inactivity.
Therefore, while the organization is technically compliant with its filing obligations, it does not currently function as an active nonprofit with financial operations. Its transparency is limited to the fact that it files, but the content of those filings indicates a non-operational status.