0% officer compensation reported across all filings, demonstrating highly efficient use of funds and volunteer leadership.
Long history of IRS 990 filings (13 periods), indicating strong commitment to transparency and compliance.
Significant growth in revenue over the past decade, from $319,542 in 2014 to $716,228 in 2023.
Liabilities have decreased alongside assets, suggesting responsible financial management (e.g., Liabilities from $1,558,764 in 2019 to $1,219,471 in 2023).
Spending Breakdown
How Freeport Senior Housing Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Freeport Senior Housing Inc
Is Freeport Senior Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freeport Senior Housing Inc (EIN: 10492876) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Freeport Senior Housing Inc a good charity to donate to?
Freeport Senior Housing Inc has a Mission Score of 92/100. Revenue: $793K. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Freeport Senior Housing Inc?
The Employer Identification Number (EIN) for Freeport Senior Housing Inc is 10492876. 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 Freeport Senior Housing Inc spend its money?
Freeport Senior Housing Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Freeport Senior Housing Inc's tax-exempt status?
You can verify Freeport Senior Housing Inc's tax-exempt status using EIN 10492876 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
Freeport Senior Housing Inc. demonstrates consistent financial stability, with revenues generally exceeding expenses over the past several years, indicating sound operational management. For instance, in 2023, revenue was $716,228 against expenses of $711,136, resulting in a slight surplus. The organization's assets have remained substantial, though showing a gradual decline from $2,417,866 in 2019 to $2,171,079 in 2023, which warrants monitoring but does not immediately signal distress given the corresponding decrease in liabilities. The consistent reporting of 0% officer compensation across all filings is a strong indicator of volunteer leadership and efficient use of funds, contributing positively to its transparency and public trust.
Spending efficiency appears high, particularly given the lack of reported officer compensation, suggesting that a significant portion of funds is directed towards its mission of providing senior housing. While specific program, administrative, and fundraising expense breakdowns are not detailed in the provided summary, the overall financial picture suggests a lean operation. The organization's consistent filing of IRS Form 990s over 13 periods further underscores its commitment to transparency and regulatory compliance. The NTEE code L20 (Housing for the Elderly) aligns well with its name and presumed mission, reinforcing its programmatic focus.