Is Goodheart Housing Development Fund Company Inc Legit?
Quick charity verification for Goodheart Housing Development Fund Company Inc (EIN: 133171445)
Verdict: Goodheart Housing Development Fund Company Inc appears trustworthy
92/100Mission Score
$2.3MRevenue
$3.4MAssets
1Red Flags
5Strengths
Red Flags
Consistent 0% officer compensation, which, while positive for mission spending, can sometimes indicate potential for undisclosed compensation or reliance on external entities for management services not fully transparent in the 990.
Strengths
Strong program spending ratio (85% of expenses).
Consistent revenue growth over multiple years (e.g., from $1,578,364 in 2020 to $1,750,603 in 2024).
Significant asset growth and decreasing liabilities, indicating improved financial health (Assets grew from $1,111,020 in 2020 to $2,700,420 in 2024, while Liabilities decreased from $1,954,066 to $1,022,155).
Very low administrative and fundraising costs (10% admin, 5% fundraising).
No reported officer compensation, maximizing funds for mission-related activities.
Spending Breakdown
How Goodheart Housing Development Fund Company Inc 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 Goodheart Housing Development Fund Company Inc
Is Goodheart Housing Development Fund Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodheart Housing Development Fund Company Inc (EIN: 133171445) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Goodheart Housing Development Fund Company Inc a good charity to donate to?
Goodheart Housing Development Fund Company Inc has a Mission Score of 92/100. Revenue: $2.3M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Goodheart Housing Development Fund Company Inc?
The Employer Identification Number (EIN) for Goodheart Housing Development Fund Company Inc is 133171445. 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 Goodheart Housing Development Fund Company Inc spend its money?
Goodheart Housing Development Fund Company Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Goodheart Housing Development Fund Company Inc's tax-exempt status?
You can verify Goodheart Housing Development Fund Company Inc's tax-exempt status using EIN 133171445 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
Goodheart Housing Development Fund Company Inc demonstrates a consistent pattern of financial growth and strong program spending efficiency. Over the past five years, the organization's revenue has steadily increased from $1,578,364 in 2020 to $1,750,603 in 2024, indicating a healthy ability to attract resources. Expenses have also grown, but at a slower rate than revenue, leading to positive net assets. For instance, in 2024, expenses were $1,034,018 against revenues of $1,750,603, resulting in a significant surplus that contributes to asset growth. The organization's assets have grown substantially from $1,111,020 in 2020 to $2,700,420 in 2024, while liabilities have decreased from $1,954,066 to $1,022,155 over the same period, indicating improved financial stability and reduced reliance on debt.
The organization's commitment to its mission is evident in its spending patterns. With 85% of its expenses allocated to program services, Goodheart Housing Development Fund Company Inc effectively directs the vast majority of its resources towards its core housing development activities. Administrative costs are kept at a reasonable 10%, and fundraising expenses are minimal at 5%, reflecting efficient operational management and a focus on direct service delivery rather than excessive overhead or fundraising efforts. The consistent reporting of 0% officer compensation across all available filings further enhances its transparency and demonstrates a strong commitment to directing funds towards its mission rather than executive salaries.