Is Highbridge Community Development Corporation Legit?

Quick charity verification for Highbridge Community Development Corporation (EIN: 133860487)

Verdict: Highbridge Community Development Corporation appears trustworthy

85/100Mission Score

$3.3MRevenue

$16.3MAssets

3Red Flags

5Strengths

Red Flags

Significant and unexplained decrease in total assets over several years (from $31M in 2017 to $15M in 2023)
Large fluctuations in annual revenue, potentially indicating reliance on inconsistent funding sources
Unusual consistent reporting of 0% officer compensation for an organization of this size, warranting further scrutiny into how leadership is supported or compensated.

Strengths

Consistent financial surpluses in recent years (e.g., $643,881 in 202312, $837,556 in 202212)
Strong asset-to-liability ratio, indicating robust financial solvency (e.g., $15.1M assets vs. $0.99M liabilities in 202312)
No reported officer compensation, suggesting a high dedication of funds to mission-related activities
Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency
Positive net assets growth in recent periods (e.g., from $14M in 2022 to $15.1M in 2023)

Spending Breakdown

How Highbridge Community 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

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 Highbridge Community Development Corporation

Is Highbridge Community Development Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Highbridge Community Development Corporation (EIN: 133860487) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 5 strengths noted.

Is Highbridge Community Development Corporation a good charity to donate to?

Highbridge Community Development Corporation has a Mission Score of 85/100. Revenue: $3.3M. Assets: $16.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Highbridge Community Development Corporation?

The Employer Identification Number (EIN) for Highbridge Community Development Corporation is 133860487. 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 Highbridge Community Development Corporation spend its money?

Highbridge Community Development Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Highbridge Community Development Corporation's tax-exempt status?

You can verify Highbridge Community Development Corporation's tax-exempt status using EIN 133860487 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

Highbridge Community Development Corporation demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history. In the most recent period (202312), the organization reported $15,166,612 in assets against $992,931 in liabilities, indicating strong financial solvency. Revenue and expenses have fluctuated, with a notable decrease in revenue from a peak of $8,682,034 in 202112 to $3,126,955 in 202312. Despite these fluctuations, the organization has consistently managed to operate with a surplus in recent years, as seen by revenues exceeding expenses in 202312 ($3,126,955 vs. $2,483,074) and 202212 ($3,118,334 vs. $2,280,778).

The organization's spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests a commitment to directing resources towards its mission rather than executive salaries. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health, marked by consistent surpluses and low liabilities relative to assets, points to responsible financial management. The absence of officer compensation also enhances its transparency profile, indicating that leadership is not drawing salaries from the organization's funds.

However, the significant drop in assets from a high of $31,058,019 in 201712 to $15,166,612 in 202312, alongside the revenue fluctuations, warrants closer examination of the underlying causes. While the organization remains financially sound, understanding the drivers behind these changes would provide a more complete picture of its long-term financial strategy and sustainability. The consistent positive net income in recent years is a positive indicator, but the overall trend in asset reduction should be monitored.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.