Is Housing Initiatives Inc Legit?

Spending Breakdown

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

75%

Program Spending

Healthy — majority goes to mission

15%

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 Housing Initiatives Inc

Is Housing Initiatives Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Housing Initiatives Inc (EIN: 201914244) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.

Is Housing Initiatives Inc a good charity to donate to?

Housing Initiatives Inc has a Mission Score of 70/100. Revenue: $128K. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Housing Initiatives Inc?

The Employer Identification Number (EIN) for Housing Initiatives Inc is 201914244. 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 Initiatives Inc spend its money?

Housing Initiatives Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Housing Initiatives Inc's tax-exempt status using EIN 201914244 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

Housing Initiatives Inc demonstrates a mixed financial picture. While the organization has shown significant growth in assets, from $167,431 in 2013 to $3,714,895 in 2024, its recent financial period (202403) shows expenses ($222,832) exceeding revenue ($122,033) by over $100,000. This indicates a reliance on reserves or other funding sources to cover operational costs. The organization's liabilities have also grown substantially, reaching $3,065,977 in 2024, which warrants closer examination to understand the nature of these obligations, especially in relation to its mission of providing housing. 

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a lean approach to executive pay, which is a positive indicator for donor confidence. The significant increase in assets over the decade, particularly between 2020 and 2024, suggests successful capital accumulation, likely for housing projects, but the recent deficit in the 2024 period needs to be monitored. The organization's consistent filing history over five periods indicates a commitment to transparency in reporting to the IRS.

Verdict: Housing Initiatives Inc appears trustworthy

Red Flags

Strengths