Lack of clarity on how operational deficits are funded
Strengths
Zero reported officer compensation, indicating efficient use of funds regarding executive pay.
Focus on housing development, aligning with a clear community need (NTEE L210).
Spending Breakdown
How General Chauncey M Hooper Towers Housing Development Fund Co Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 General Chauncey M Hooper Towers Housing Development Fund Co Inc
Is General Chauncey M Hooper Towers Housing Development Fund Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, General Chauncey M Hooper Towers Housing Development Fund Co Inc (EIN: 133140546) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is General Chauncey M Hooper Towers Housing Development Fund Co Inc a good charity to donate to?
General Chauncey M Hooper Towers Housing Development Fund Co Inc has a Mission Score of 65/100. Revenue: $2.2M. Assets: $6.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for General Chauncey M Hooper Towers Housing Development Fund Co Inc?
The Employer Identification Number (EIN) for General Chauncey M Hooper Towers Housing Development Fund Co Inc is 133140546. 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 General Chauncey M Hooper Towers Housing Development Fund Co Inc spend its money?
General Chauncey M Hooper Towers Housing Development Fund Co Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify General Chauncey M Hooper Towers Housing Development Fund Co Inc's tax-exempt status?
You can verify General Chauncey M Hooper Towers Housing Development Fund Co Inc's tax-exempt status using EIN 133140546 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
General Chauncey M Hooper Towers Housing Development Fund Co Inc appears to be a housing development fund, which often operates with a different financial model than traditional charities, focusing on asset management and debt. The organization consistently reports zero officer compensation across all available filings, indicating a volunteer-led or externally managed structure, which can be a positive for donor confidence regarding executive pay. However, the organization has consistently reported liabilities exceeding assets, with a significant deficit in net assets (e.g., $6,419,975 assets vs. $10,756,308 liabilities in 202309). This ongoing negative net asset position warrants closer scrutiny to understand its long-term financial stability and operational model, especially given its NTEE code L210 (Housing Development, Construction & Management). The consistent operational deficits, where expenses frequently exceed revenue (e.g., $2,393,460 expenses vs. $2,269,853 revenue in 202309), suggest reliance on other funding sources or a business model that anticipates long-term asset appreciation or specific debt structures. Transparency regarding the nature of these liabilities and how they are managed would be crucial for a complete financial picture.