Is Harry And Jeanette Weinberg Gardens Housing Development Fund Company I Legit?
Quick charity verification for Harry And Jeanette Weinberg Gardens Housing Development Fund Company I (EIN: 204981328)
Verdict: Harry And Jeanette Weinberg Gardens Housing Development Fund Company I appears trustworthy
85/100Mission Score
$1.8MRevenue
$17.6MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency.
Stable financial health with assets consistently exceeding liabilities.
Steady growth in assets over time, reaching $17,619,841.
Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Spending Breakdown
How Harry And Jeanette Weinberg Gardens Housing Development Fund Company I 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 Harry And Jeanette Weinberg Gardens Housing Development Fund Company I
Is Harry And Jeanette Weinberg Gardens Housing Development Fund Company I a legitimate charity?
Based on AI analysis of IRS 990 filings, Harry And Jeanette Weinberg Gardens Housing Development Fund Company I (EIN: 204981328) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Harry And Jeanette Weinberg Gardens Housing Development Fund Company I a good charity to donate to?
Harry And Jeanette Weinberg Gardens Housing Development Fund Company I has a Mission Score of 85/100. Revenue: $1.8M. Assets: $17.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harry And Jeanette Weinberg Gardens Housing Development Fund Company I?
The Employer Identification Number (EIN) for Harry And Jeanette Weinberg Gardens Housing Development Fund Company I is 204981328. 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 Harry And Jeanette Weinberg Gardens Housing Development Fund Company I spend its money?
Harry And Jeanette Weinberg Gardens Housing Development Fund Company I allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harry And Jeanette Weinberg Gardens Housing Development Fund Company I's tax-exempt status?
You can verify Harry And Jeanette Weinberg Gardens Housing Development Fund Company I's tax-exempt status using EIN 204981328 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
Harry And Jeanette Weinberg Gardens Housing Development Fund Company I demonstrates consistent financial operations, primarily focused on its housing development mission. The organization's revenue has fluctuated, notably with a spike in 2020 to $4,683,216, but has generally remained in the $1.5M-$1.7M range in recent years. Expenses have closely tracked revenue, indicating a stable operational model. The organization consistently reports 0% officer compensation across all filings, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. Its asset base has grown steadily, reaching $17,619,841, suggesting long-term stability and investment in its housing initiatives.
The organization's financial health appears sound, with assets consistently exceeding liabilities. The absence of officer compensation is a significant positive for spending efficiency, as it implies that administrative costs are kept low in this area. While specific program spending details are not provided in the summary data, the nature of a Housing Development Fund Company suggests that the vast majority of its expenses would be directly tied to its programmatic activities. The consistent filing history and the lack of reported officer compensation contribute positively to its transparency profile.