Is Housing Foundation Legit?

Quick charity verification for Housing Foundation (EIN: 10403876)

Verdict: Housing Foundation shows mixed signals

65/100Mission Score

$314KRevenue

$1.1MAssets

2Red Flags

4Strengths

Red Flags

Liabilities consistently exceed assets, indicating a potential long-term solvency risk or significant reliance on debt.
Lack of detailed functional expense breakdown in provided data makes it difficult to fully assess program efficiency.

Strengths

Consistent revenue generation, generally exceeding expenses, indicating operational stability.
Zero reported officer compensation, suggesting efficient use of funds at the executive level or volunteer leadership.
Long history of IRS 990 filings (13 filings), demonstrating commitment to regulatory compliance and basic transparency.
Stable asset base over time, indicating consistent resource management.

Spending Breakdown

How Housing Foundation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Housing Foundation

Is Housing Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Housing Foundation (EIN: 10403876) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 4 strengths noted.

Is Housing Foundation a good charity to donate to?

Housing Foundation has a Mission Score of 65/100. Revenue: $314K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Housing Foundation?

The Employer Identification Number (EIN) for Housing Foundation is 10403876. 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 Housing Foundation spend its money?

Housing Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Housing Foundation's tax-exempt status?

You can verify Housing Foundation's tax-exempt status using EIN 10403876 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 Housing Foundation demonstrates consistent operational activity with revenues generally exceeding expenses over the past several years, indicating a stable financial position for its size. For instance, in the 202406 period, revenue was $289,775 against expenses of $233,714. The organization's assets have remained relatively stable, hovering around $1.1 million to $1.2 million, with the latest reported assets at $1,126,232. However, a significant concern is the consistently high level of liabilities, which have exceeded assets in every reported period, suggesting a reliance on debt or other long-term obligations. For example, in 202406, liabilities were $1,300,822 compared to assets of $1,122,918.

The organization's spending efficiency appears reasonable given the revenue levels, with expenses generally staying below revenue. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation being reported under other expense categories, which could impact the clarity of administrative costs. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. However, the consistent positive net income (revenue minus expenses) in most recent years indicates that the organization is not operating at a deficit.

Transparency regarding executive compensation is high, as zero officer compensation is reported. However, the lack of detailed functional expense breakdowns in the provided data limits a full assessment of how funds are allocated between programs, administration, and fundraising. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and basic financial transparency, but deeper insights into operational efficiency would require more granular expense data.

View Full Transparency Report →

Disclaimer

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