Is Home Building Industry Disaster Relief Fund Inc Legit?
Quick charity verification for Home Building Industry Disaster Relief Fund Inc (EIN: 203491201)
Verdict: Home Building Industry Disaster Relief Fund Inc shows mixed signals
65/100Mission Score
$53KRevenue
$490KAssets
3Red Flags
3Strengths
Red Flags
Consistent deficit spending (expenses frequently exceed revenue, e.g., $25,784 expenses vs. $8,177 revenue in 2023).
Significant liabilities reported in some years ($120,000 in 2021, $25,769 in 2023) without clear explanation in provided data.
Declining asset base over time (from $726,694 in 2014 to $490,464 currently), indicating reliance on reserves.
Strengths
Strong asset base ($490,464) provides a buffer for operations.
Consistent IRS 990 filing history (13 filings) demonstrates transparency.
0% officer compensation reported across all filings, indicating low executive overhead.
Spending Breakdown
How Home Building Industry Disaster Relief Fund Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Home Building Industry Disaster Relief Fund Inc
Is Home Building Industry Disaster Relief Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Home Building Industry Disaster Relief Fund Inc (EIN: 203491201) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Home Building Industry Disaster Relief Fund Inc a good charity to donate to?
Home Building Industry Disaster Relief Fund Inc has a Mission Score of 65/100. Revenue: $53K. Assets: $490K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Home Building Industry Disaster Relief Fund Inc?
The Employer Identification Number (EIN) for Home Building Industry Disaster Relief Fund Inc is 203491201. 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 Home Building Industry Disaster Relief Fund Inc spend its money?
Home Building Industry Disaster Relief Fund Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Home Building Industry Disaster Relief Fund Inc's tax-exempt status?
You can verify Home Building Industry Disaster Relief Fund Inc's tax-exempt status using EIN 203491201 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
The Home Building Industry Disaster Relief Fund Inc. appears to be a well-established organization with significant assets, currently holding $490,464. However, its financial activity over the past several years shows a consistent trend of expenses exceeding revenue. For instance, in 2023, expenses were $25,784 against revenue of $8,177, and in 2021, expenses were $120,648 while revenue was only $45. This pattern suggests the organization is drawing down on its asset base to cover operational costs or program expenditures, rather than being primarily funded by current year contributions. While the organization reports 0% officer compensation, which is a positive sign for minimizing administrative overhead, the consistent deficit spending warrants closer examination to understand its long-term sustainability and the nature of its program delivery.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, indicating a commitment to public disclosure. The lack of reported officer compensation also contributes to a perception of efficient use of funds, at least at the executive level. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, it's challenging to fully assess spending efficiency. The significant liabilities reported in some years, such as $120,000 in 2021 and $25,769 in 2023, also require further investigation to understand their nature and impact on the organization's financial health.
Overall, the organization demonstrates a strong asset base and good transparency in filing. However, the recurring deficit spending and the nature of its liabilities are areas that could impact its long-term financial stability if not addressed. A deeper dive into the specific program activities and how they are funded would provide a more complete picture of its financial health and impact.