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.
Spending Breakdown
How Homeownership Affordability Trust Fund allocates its funds across programs, administration, and fundraising.
5%
Program Spending
Concerning — less than half to programs
95%
Admin Costs
High — over 25% on administration
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 Homeownership Affordability Trust Fund
Is Homeownership Affordability Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Homeownership Affordability Trust Fund (EIN: 222963595) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Homeownership Affordability Trust Fund a good charity to donate to?
Homeownership Affordability Trust Fund has a Mission Score of 65/100. Revenue: $5.8M. Assets: $113.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Homeownership Affordability Trust Fund?
The Employer Identification Number (EIN) for Homeownership Affordability Trust Fund is 222963595. 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 Homeownership Affordability Trust Fund spend its money?
Homeownership Affordability Trust Fund allocates 5% to programs, 95% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Homeownership Affordability Trust Fund's tax-exempt status?
You can verify Homeownership Affordability Trust Fund's tax-exempt status using EIN 222963595 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
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.