Quick charity verification for Housing Foundation (EIN: 10421229)
Verdict: Housing Foundation appears trustworthy
85/100Mission Score
$409KRevenue
$1.3MAssets
3Red Flags
4Strengths
Red Flags
Liabilities consistently exceed assets, indicating potential long-term financial risk or specific asset-liability structure.
Consistent decline in total assets over the past decade without clear explanation.
NTEE code is unknown, limiting understanding of the organization's specific charitable focus.
Strengths
Consistent operational surpluses in most recent years (e.g., $24,364 surplus in 2024).
0% officer compensation reported across all filings, indicating high efficiency in leadership costs.
Consistent filing of IRS 990s over 13 periods, demonstrating regulatory compliance and transparency.
Stable revenue generation over the past decade, generally in the $300k-$400k range.
Spending Breakdown
How Housing Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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: 10421229) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Housing Foundation a good charity to donate to?
Housing Foundation has a Mission Score of 85/100. Revenue: $409K. Assets: $1.3M. 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 10421229. 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 90% to programs, 5% 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 10421229 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 in recent years, indicating a stable financial footing. For instance, in 2024, revenue was $367,958 against expenses of $343,594, resulting in a surplus. The organization's assets have shown a gradual decline over the past decade, from $1,619,303 in 2015 to $1,342,671 in 2024, while liabilities have remained significantly higher than assets, suggesting a reliance on debt or long-term obligations. This long-term trend of declining assets and high liabilities warrants closer examination to understand the underlying financial strategy and sustainability.
Spending efficiency appears to be strong, as the organization consistently reports 0% officer compensation, indicating that all leadership roles are likely voluntary or compensated through other means not classified as officer compensation. This suggests a high dedication of resources directly to the mission. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent operational surpluses in most recent years, despite declining assets, point to effective management of day-to-day finances.
Transparency is commendable regarding executive compensation, with a clear record of 0% officer compensation across all reported periods. However, the lack of detailed NTEE code information and a granular breakdown of expenses in the provided data limits a full assessment of programmatic transparency and impact. The consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory compliance and public disclosure, which is a positive indicator of transparency.