Is Highbridge Community Housing Development Fund Corporation Legit?
Quick charity verification for Highbridge Community Housing Development Fund Corporation (EIN: 133496091)
Verdict: Highbridge Community Housing Development Fund Corporation appears trustworthy
70/100Mission Score
$10.3MRevenue
$40.1MAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue) across all reported periods.
Declining trend in total assets over the past decade, from $51M in 2014 to $38M in 2023.
High liabilities relative to assets (e.g., $94,544,833 liabilities vs. $38,809,184 assets in 202312).
Strengths
Consistent reporting of 0% officer compensation, suggesting a strong focus on program spending or efficient executive compensation structure.
Substantial asset base ($38,809,184 in 202312) despite declining trend, providing some financial stability.
Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Spending Breakdown
How Highbridge Community Housing Development Fund Corporation 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 Highbridge Community Housing Development Fund Corporation
Is Highbridge Community Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Highbridge Community Housing Development Fund Corporation (EIN: 133496091) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Highbridge Community Housing Development Fund Corporation a good charity to donate to?
Highbridge Community Housing Development Fund Corporation has a Mission Score of 70/100. Revenue: $10.3M. Assets: $40.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Highbridge Community Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Highbridge Community Housing Development Fund Corporation is 133496091. 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 Housing Development Fund Corporation spend its money?
Highbridge Community Housing Development Fund Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Highbridge Community Housing Development Fund Corporation's tax-exempt status?
You can verify Highbridge Community Housing Development Fund Corporation's tax-exempt status using EIN 133496091 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 Housing Development Fund Corporation consistently operates with expenses exceeding its revenue, as evidenced by the 202312 filing showing $11,438,114 in expenses against $10,099,295 in revenue, and similar trends across all reported periods. This persistent deficit spending, while not immediately catastrophic given its substantial assets ($38,809,184 in 202312), suggests a reliance on drawing down reserves or other funding mechanisms not fully captured by annual revenue figures. The organization's assets have also shown a declining trend over the past decade, from $51,190,937 in 201412 to $38,809,184 in 202312, which warrants further investigation into the sustainability of its financial model. The consistent reporting of 0% officer compensation across all filings indicates a potential for strong program focus and efficient use of funds, or that executive compensation is structured differently and not reported under this specific line item.