Declining asset base over the past decade (from $1,094,547 in 2014 to $893,518 in 2023)
High liabilities relative to assets (e.g., $1,111,085 liabilities vs. $893,518 assets in 2023)
Strengths
Consistent operational balance, with revenues closely matching expenses (e.g., $287,113 revenue vs. $282,075 expenses in 2023)
0% officer compensation reported across all filings, indicating excellent transparency and resource allocation to mission
Strong program focus due to minimal administrative and executive costs
Spending Breakdown
How Freeman Forest Housing Corporation 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 Freeman Forest Housing Corporation
Is Freeman Forest Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Freeman Forest Housing Corporation (EIN: 10533179) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Freeman Forest Housing Corporation a good charity to donate to?
Freeman Forest Housing Corporation has a Mission Score of 85/100. Revenue: $298K. Assets: $892K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Freeman Forest Housing Corporation?
The Employer Identification Number (EIN) for Freeman Forest Housing Corporation is 10533179. 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 Freeman Forest Housing Corporation spend its money?
Freeman Forest Housing Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Freeman Forest Housing Corporation's tax-exempt status?
You can verify Freeman Forest Housing Corporation's tax-exempt status using EIN 10533179 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
Freeman Forest Housing Corporation demonstrates consistent financial operations, with revenues closely matching expenses over the past decade. For instance, in 2023, revenue was $287,113 against expenses of $282,075, indicating a tight budget management. The organization's assets have shown a gradual decline from $1,094,547 in 2014 to $893,518 in 2023, while liabilities have remained relatively high and stable, hovering around $1.1 million. This suggests a reliance on debt or long-term obligations to support its housing mission.
The organization's spending efficiency appears to be strong, as evidenced by the minimal difference between revenues and expenses, implying that most funds are directly utilized for operations. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of financial transparency and a commitment to directing resources towards its mission rather than executive salaries. This practice enhances public trust and suggests a volunteer-led or very lean administrative structure.
Overall, while the declining asset base and high liabilities warrant monitoring, the organization's consistent operational balance and excellent transparency regarding executive compensation paint a picture of a financially responsible entity focused on its program delivery. The NTEE code L20 (Housing Development, Construction & Management) aligns with its apparent operational focus, and the financial data supports a stable, albeit tightly managed, operation.