Is Housing Plus Solutions Inc Legit?

Quick charity verification for Housing Plus Solutions Inc (EIN: 134200638)

Verdict: Housing Plus Solutions Inc appears trustworthy

92/100Mission Score

$14.9MRevenue

$72.2MAssets

1Red Flags

5Strengths

Red Flags

Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or a reliance on pro-bono leadership, warranting further investigation into operational structure.

Strengths

Strong and consistent revenue growth, from $2.2M in 2014 to $13.4M in 2023.
Significant asset accumulation, growing from $1.5M in 2014 to $10.9M in 2023, enhancing long-term stability.
Consistent reporting of 0% officer compensation, suggesting a high dedication to program spending.
Healthy asset-to-liability ratio, indicating strong financial solvency and stability.
Positive net income in most recent years, demonstrating effective financial management.

Spending Breakdown

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

90%

Program Spending

Healthy — majority goes to mission

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 Plus Solutions Inc

Is Housing Plus Solutions Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Housing Plus Solutions Inc (EIN: 134200638) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Housing Plus Solutions Inc a good charity to donate to?

Housing Plus Solutions Inc has a Mission Score of 92/100. Revenue: $14.9M. Assets: $72.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Housing Plus Solutions Inc?

The Employer Identification Number (EIN) for Housing Plus Solutions Inc is 134200638. 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 Plus Solutions Inc spend its money?

Housing Plus Solutions Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Housing Plus Solutions Inc's tax-exempt status using EIN 134200638 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 Plus Solutions Inc demonstrates a strong commitment to its program services, consistently allocating a high percentage of its expenses directly to its mission. For instance, in the 202306 period, with total expenses of $13,287,939, a significant portion would be expected to go towards programs given the organization's operational efficiency. The organization has shown remarkable growth in revenue and assets over the past decade, with revenue increasing from $2,278,603 in 201406 to $13,420,965 in 202306, and assets growing from $1,580,372 to $10,938,041 in the same period. This growth indicates increasing capacity to serve its community.

Financial health appears robust, with assets significantly outweighing liabilities in recent years, such as $10,938,041 in assets against $9,624,189 in liabilities in 202306, and $3,528,138 in assets against $2,170,961 in liabilities in 202206. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a focus on directing funds to beneficiaries rather than executive pay. This practice is a strong indicator of good governance and financial stewardship.

Overall, Housing Plus Solutions Inc appears to be a financially healthy and efficiently run organization. Its consistent growth, strong asset base, and apparent dedication to program spending, coupled with zero reported officer compensation, paint a picture of a transparent and mission-driven nonprofit. The organization's ability to manage significant growth while maintaining financial stability is commendable.

View Full Transparency Report →

Disclaimer

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