Quick charity verification for Harbor Homes Ii Inc (EIN: 20373020)
Verdict: Harbor Homes Ii Inc appears trustworthy
75/100Mission Score
$211KRevenue
$245KAssets
2Red Flags
3Strengths
Red Flags
Liabilities consistently exceed assets, indicating a negative net asset position (e.g., 2023: $476,184 liabilities vs. $260,956 assets).
Declining asset base over the past decade (e.g., $402,557 in 2014 to $260,956 in 2023).
Strengths
Consistent 0% officer compensation across all reported periods, demonstrating strong commitment to mission-focused spending.
Operational expenses generally align with revenues, indicating sound day-to-day financial management.
Long filing history (13 filings) suggests consistent compliance and transparency.
Spending Breakdown
How Harbor Homes Ii Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Harbor Homes Ii Inc
Is Harbor Homes Ii Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harbor Homes Ii Inc (EIN: 20373020) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Harbor Homes Ii Inc a good charity to donate to?
Harbor Homes Ii Inc has a Mission Score of 75/100. Revenue: $211K. Assets: $245K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harbor Homes Ii Inc?
The Employer Identification Number (EIN) for Harbor Homes Ii Inc is 20373020. 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 Harbor Homes Ii Inc spend its money?
Harbor Homes Ii Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harbor Homes Ii Inc's tax-exempt status?
You can verify Harbor Homes Ii Inc's tax-exempt status using EIN 20373020 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
Harbor Homes II Inc. demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. For instance, in 2023, revenue was $214,631 against expenses of $212,557, indicating a tight operational margin. The organization consistently reports 0% officer compensation, which is a positive indicator for donor confidence and suggests resources are directed towards the mission rather than executive salaries. However, a notable concern is the organization's liabilities consistently exceeding its assets. In 2023, liabilities were $476,184 compared to assets of $260,956, a trend that has persisted across all reported periods. This suggests a reliance on debt or other obligations, which could impact long-term financial stability.
The organization's financial health appears stable in terms of year-to-year operations, with revenues generally covering expenses. However, the persistent negative net asset position (liabilities exceeding assets) is a significant point of concern for long-term financial resilience. While the absence of officer compensation is a strong point for transparency and efficiency, the overall financial structure warrants closer examination regarding its sustainability and ability to absorb unforeseen financial shocks. The NTEE code L21Z (Housing for the Elderly, Handicapped, or Poor) suggests a focus on direct program services, which aligns with the lack of executive compensation.
Given the consistent operational balance and zero officer compensation, the organization appears to be spending efficiently on its programs. However, the high liabilities relative to assets could indicate underlying financial vulnerabilities that might affect its ability to expand or maintain services in the future. Transparency is good regarding executive pay, but the balance sheet structure raises questions about overall financial strategy.