Quick charity verification for Heritage Place Phase Iii Inc (EIN: 202654649)
Verdict: Heritage Place Phase Iii Inc appears trustworthy
75/100Mission Score
$259KRevenue
$2.4MAssets
2Red Flags
3Strengths
Red Flags
Consistent operating deficits from 2015-2022, indicating expenses frequently exceeded revenue.
Long-term decline in total assets from $3,170,111 in 2014 to $2,442,794 in 2023, potentially due to covering deficits.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
Consistent filing of IRS Form 990s, demonstrating transparency.
Reported a significant surplus in 2023 ($382,789 revenue vs. $317,855 expenses), reversing a trend of deficits.
Spending Breakdown
How Heritage Place Phase Iii 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 Heritage Place Phase Iii Inc
Is Heritage Place Phase Iii Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Place Phase Iii Inc (EIN: 202654649) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Heritage Place Phase Iii Inc a good charity to donate to?
Heritage Place Phase Iii Inc has a Mission Score of 75/100. Revenue: $259K. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heritage Place Phase Iii Inc?
The Employer Identification Number (EIN) for Heritage Place Phase Iii Inc is 202654649. 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 Heritage Place Phase Iii Inc spend its money?
Heritage Place Phase Iii Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heritage Place Phase Iii Inc's tax-exempt status?
You can verify Heritage Place Phase Iii Inc's tax-exempt status using EIN 202654649 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
Heritage Place Phase III Inc. demonstrates a consistent operational history, primarily focused on its mission as indicated by its NTEE code L22 (Housing for the Elderly). The organization's financial health shows some variability in recent years. While it reported a surplus in 2023 ($382,789 revenue vs. $317,855 expenses), previous years (2015-2022) consistently showed expenses exceeding revenue, indicating reliance on prior assets or other funding mechanisms to cover operational costs. For example, in 2022, expenses were $217,841 against revenues of $133,388. The organization's assets have shown a gradual decline over the long term, from $3,170,111 in 2014 to $2,442,794 in 2023, which could be a concern if the trend of operating deficits continues.
Spending efficiency appears reasonable, with no reported officer compensation, suggesting resources are directed towards the organization's purpose. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of zero officer compensation across all available filings is a positive indicator of financial stewardship and transparency regarding executive pay. The organization consistently files its IRS Form 990, which contributes to its transparency.
Overall, Heritage Place Phase III Inc. appears to be a stable, albeit financially conservative, organization. The recent surplus in 2023 is a positive development, but it would be important to monitor if this trend continues to reverse the long-standing pattern of operating deficits and asset decline. The lack of executive compensation is a strong point for efficiency and resource allocation.