Is Hebrew Home Housing Development Fund Co Inc Legit?
Quick charity verification for Hebrew Home Housing Development Fund Co Inc (EIN: 132956755)
Verdict: Hebrew Home Housing Development Fund Co Inc shows mixed signals
45/100Mission Score
$5.8MRevenue
$7.9MAssets
4Red Flags
2Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $7,802,090 expenses vs. $5,978,800 revenue in 2023.
Liabilities significantly exceed assets, indicating potential insolvency (e.g., $15,294,811 liabilities vs. $9,428,698 assets in 2023).
Declining revenue trend over the past several years, from $8,436,565 in 2019 to $5,978,800 in 2023.
Lack of reported officer compensation despite significant revenue, which could indicate a lack of transparency or complex financial arrangements.
Strengths
Consistent filing of IRS Form 990s, indicating adherence to reporting requirements.
Long operating history with 13 filings, suggesting established presence in the community.
Spending Breakdown
How Hebrew Home Housing Development Fund Co Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Hebrew Home Housing Development Fund Co Inc
Is Hebrew Home Housing Development Fund Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hebrew Home Housing Development Fund Co Inc (EIN: 132956755) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Hebrew Home Housing Development Fund Co Inc a good charity to donate to?
Hebrew Home Housing Development Fund Co Inc has a Mission Score of 45/100. Revenue: $5.8M. Assets: $7.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hebrew Home Housing Development Fund Co Inc?
The Employer Identification Number (EIN) for Hebrew Home Housing Development Fund Co Inc is 132956755. 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 Hebrew Home Housing Development Fund Co Inc spend its money?
Hebrew Home Housing Development Fund Co Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hebrew Home Housing Development Fund Co Inc's tax-exempt status?
You can verify Hebrew Home Housing Development Fund Co Inc's tax-exempt status using EIN 132956755 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
Hebrew Home Housing Development Fund Co Inc exhibits a concerning trend of declining revenue and increasing liabilities over the past several years. In 2023, the organization reported revenue of $5,978,800 against expenses of $7,802,090, resulting in a significant deficit. This pattern of expenses exceeding revenue has been consistent in recent filings, indicating potential financial instability. While the organization's assets stood at $9,428,698 in 2023, its liabilities were substantially higher at $15,294,811, suggesting a precarious financial position.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses in the provided data. However, the consistent operational deficits raise questions about the sustainability of its current spending levels relative to its income. The lack of reported officer compensation across all filings suggests a potential for volunteer leadership or compensation being covered by a related entity, which could be a positive for efficiency if true, but also warrants further investigation for full transparency.
From a transparency perspective, the consistent filing of IRS Form 990s is a positive indicator. However, the absence of detailed expense categories in the provided summary limits a comprehensive analysis of how funds are allocated. Given the significant and growing liabilities, a deeper dive into the organization's financial statements would be necessary to fully understand its long-term viability and the impact on its mission.