Is Flemister Housing Development Fund Corporation Legit?

Quick charity verification for Flemister Housing Development Fund Corporation (EIN: 133725394)

Verdict: Flemister Housing Development Fund Corporation shows mixed signals

60/100Mission Score

$2.0MRevenue

$6.2MAssets

3Red Flags

3Strengths

Red Flags

Consistent operating deficits, with expenses exceeding revenue in all reported periods from 2016-2023 (e.g., 2023: $1,736,835 expenses vs. $1,690,765 revenue).
Significant and growing liabilities that consistently exceed total assets, indicating a negative net asset position (e.g., 2023: $8,493,992 liabilities vs. $5,386,833 assets).
Lack of detailed functional expense breakdown (program, administrative, fundraising) in the provided data, limiting a full assessment of spending efficiency.

Strengths

Consistent filing of IRS Form 990s over 13 periods, demonstrating a commitment to public transparency.
Reported 0% officer compensation across all available filings, indicating a commitment to minimizing executive overhead.
Assets have shown growth over time, from $4,574,135 in 2017 to $6,225,976 currently, despite operating deficits.

Spending Breakdown

How Flemister Housing Development Fund Corporation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Flemister Housing Development Fund Corporation

Is Flemister Housing Development Fund Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Flemister Housing Development Fund Corporation (EIN: 133725394) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.

Is Flemister Housing Development Fund Corporation a good charity to donate to?

Flemister Housing Development Fund Corporation has a Mission Score of 60/100. Revenue: $2.0M. Assets: $6.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Flemister Housing Development Fund Corporation?

The Employer Identification Number (EIN) for Flemister Housing Development Fund Corporation is 133725394. 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 Flemister Housing Development Fund Corporation spend its money?

Flemister Housing Development Fund Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Flemister Housing Development Fund Corporation's tax-exempt status?

You can verify Flemister Housing Development Fund Corporation's tax-exempt status using EIN 133725394 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

Flemister Housing Development Fund Corporation exhibits a consistent pattern of operating deficits, with expenses exceeding revenue in all reported periods from 2016 to 2023. For instance, in 2023, expenses were $1,736,835 against revenues of $1,690,765, indicating a deficit. This trend suggests a reliance on existing assets or other funding sources to cover operational costs, as evidenced by the fluctuating but generally increasing liabilities over time, reaching $8,493,992 in 2023. While the organization's assets have grown to $6,225,976, the significant and growing liabilities raise concerns about long-term financial sustainability if the revenue-expense imbalance persists.

The organization's financial health is further complicated by its substantial liabilities, which consistently outweigh its assets. In 2023, liabilities were $8,493,992 compared to assets of $5,386,833, indicating a negative net asset position. This suggests that the organization may be heavily leveraged or facing challenges in generating sufficient unrestricted funds. The consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing administrative overhead in this specific area, which is a positive sign for spending efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a comprehensive assessment of spending efficiency is limited.

Regarding transparency, the consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to public disclosure. However, the absence of NTEE code information and a detailed functional expense breakdown in the provided data limits the ability to fully assess program focus and overall spending efficiency. The lack of officer compensation is a transparent point, but a deeper dive into other administrative costs would be beneficial for a complete picture of financial management.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.