Is Housing Options & Planning Enterprises Inc Legit?

Quick charity verification for Housing Options & Planning Enterprises Inc (EIN: 202526058)

Verdict: Housing Options & Planning Enterprises Inc appears trustworthy

92/100Mission Score
$1.1MRevenue
$762KAssets
1Red Flags
5Strengths

Red Flags

Strengths

AI Transparency Report

Housing Options & Planning Enterprises Inc (HOPE) demonstrates a positive trend in financial health, with revenue growing significantly from $363,431 in 2019 to $1,140,338 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $1,140,338 exceeded expenses of $1,111,436. This indicates sound financial management and an ability to cover operational costs. The organization's assets have also grown substantially, from $188,683 in 2019 to $762,088 in 2023, suggesting increasing capacity and stability. Spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings, which implies a high proportion of funds are directed towards programmatic activities and operational needs rather than executive salaries. While a detailed functional expense breakdown is not provided in the summary data, the absence of officer compensation is a positive indicator of resource allocation. The organization's consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency and regulatory compliance. Overall, HOPE appears to be a financially healthy and growing organization. Its increasing revenue and asset base, coupled with a consistent operational surplus and no reported officer compensation, suggest effective management and a strong focus on its mission. The organization's consistent filing history further enhances its transparency profile.

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Disclaimer

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

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