Quick charity verification for Homeownership Affordability Trust Fund (EIN: 222963595)
Verdict: Homeownership Affordability Trust Fund shows mixed signals
65/100Mission Score
$5.8MRevenue
$113.8MAssets
3Red Flags
3Strengths
Red Flags
Extremely low program spending relative to total expenses and assets (e.g., $3,678,162 in programs vs. $113,861,875 in assets in 2023).
The primary activity appears to be asset accumulation rather than direct program delivery, raising questions about the immediate impact of the 'Trust Fund' designation.
Lack of detailed breakdown for administrative expenses, which constitute the vast majority of expenditures.
Strengths
Consistent asset growth over the years, indicating strong financial management of its endowment.
Zero reported fundraising costs, suggesting efficient capital retention.
Maintains a significant asset base that could potentially support substantial future programming.
AI Transparency Report
Homeownership Affordability Trust Fund is a housing & shelter nonprofit based in Providence, Rhode Island, with reported revenue of $5.8M and assets of $113.8M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 5% of spending goes to programs, 95% to administration, and 0% to fundraising. Executive compensation is not reported in the provided data, as indicated by 'c0%' in all filings, suggesting either no paid executives or compensation below reporting thresholds. Revenue has grown +99% across 13 filing periods.