Is Freedom Housing Corporation Legit? —…

Spending Breakdown

How Freedom Housing 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 Freedom Housing Corporation

Is Freedom Housing Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Freedom Housing Corporation (EIN: 134236650) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.

Is Freedom Housing Corporation a good charity to donate to?

Freedom Housing Corporation has a Mission Score of 70/100. Revenue: $138K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Freedom Housing Corporation?

The Employer Identification Number (EIN) for Freedom Housing Corporation is 134236650. 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 Freedom Housing Corporation spend its money?

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

How can I verify Freedom Housing Corporation's tax-exempt status?

You can verify Freedom Housing Corporation's tax-exempt status using EIN 134236650 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

Freedom Housing Corporation appears to be a stable, albeit small, nonprofit focused on housing. Over the past several years, its revenue has consistently hovered around $140,000, while expenses have generally exceeded revenue, leading to a gradual decline in assets from $1,678,736 in 2015 to $1,289,142 in 2024. This consistent operating deficit, averaging around $30,000-$40,000 annually, suggests that the organization is drawing down its reserves to cover operational costs. While this is not immediately critical given its substantial asset base, it is a trend that warrants monitoring.

The organization demonstrates strong transparency regarding executive compensation, reporting 0% officer compensation across all available filings. This indicates that its leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The consistent revenue and expense figures suggest a predictable operational model, but the sustained deficit is a key financial characteristic.

Overall, Freedom Housing Corporation exhibits a commitment to transparency in executive pay and maintains a significant asset base. However, its consistent operating deficits over the past decade are a notable financial trend. While not in immediate distress, the organization's long-term financial sustainability would benefit from either increasing revenue or reducing expenses to achieve a more balanced budget.

Is Freedom Housing Corporation Legit?

Verdict: Freedom Housing Corporation appears trustworthy

Red Flags

Strengths