Quick charity verification for Goodwin House Development Corporation (EIN: 20595161)
Verdict: Goodwin House Development Corporation appears trustworthy
85/100Mission Score
$282KRevenue
$38.1MAssets
3Red Flags
4Strengths
Red Flags
Highly inconsistent and sometimes negative revenue streams, making financial forecasting challenging.
Lack of detailed expense breakdown in provided data makes it difficult to fully assess program vs. administrative spending efficiency.
Significant fluctuations in annual expenses without clear correlation to revenue or asset growth in some periods (e.g., $537,878 expenses in 202209 with $209,516 revenue).
Strengths
Consistent and substantial asset growth, from $4.46 million in 201409 to $38.06 million currently.
Zero reported liabilities across all 11 filings, indicating strong financial solvency and no debt burden.
0% officer compensation reported, demonstrating a commitment to minimizing executive overhead.
Long filing history (11 filings) indicates sustained operation and compliance.
Spending Breakdown
How Goodwin House Development 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 Goodwin House Development Corporation
Is Goodwin House Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodwin House Development Corporation (EIN: 20595161) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Goodwin House Development Corporation a good charity to donate to?
Goodwin House Development Corporation has a Mission Score of 85/100. Revenue: $282K. Assets: $38.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Goodwin House Development Corporation?
The Employer Identification Number (EIN) for Goodwin House Development Corporation is 20595161. 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 Goodwin House Development Corporation spend its money?
Goodwin House Development Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Goodwin House Development Corporation's tax-exempt status?
You can verify Goodwin House Development Corporation's tax-exempt status using EIN 20595161 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
Goodwin House Development Corporation exhibits a unique financial profile, primarily functioning as a development entity rather than a direct service provider with significant program expenses. Its revenue streams have been inconsistent, with several years reporting zero or even negative revenue, such as -$79,123 in 202109. Despite this, the organization has consistently grown its assets, from $4.46 million in 201409 to $38.06 million currently, suggesting its primary financial activity involves asset accumulation and management, likely for future development projects. The absence of reported liabilities across all filings indicates a strong balance sheet and prudent financial management regarding debt.
Spending efficiency is difficult to assess in a traditional sense, as program expenses are not clearly delineated in the provided data, and overall expenses have fluctuated significantly, from $6,150 in 201509 to $537,878 in 202209. Given the 'Development Corporation' designation and NTEE code L22 (Housing Development, Construction & Management), it's probable that a significant portion of its expenses are related to property acquisition, construction, or management, which would be considered programmatic for its mission. The consistent reporting of 0% officer compensation across all filings points to a high degree of transparency and a commitment to minimizing administrative overhead, at least in terms of executive salaries.
Overall, the organization appears financially stable with substantial asset growth and no liabilities. Its transparency is commendable regarding executive compensation. However, a clearer breakdown of expenses into program, administrative, and fundraising categories would enhance understanding of its operational efficiency and impact.