Is Housing Resource Center Of Monterey County Legit?
Quick charity verification for Housing Resource Center Of Monterey County (EIN: 200125143)
Verdict: Housing Resource Center Of Monterey County appears trustworthy
92/100Mission Score
$3.4MRevenue
$1.3MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong program spending ratio (approximately 85% of expenses)
Consistent reporting of 0% officer compensation
Significant revenue growth over the past five years (from $1.68M in 2019 to $4.41M in 2023)
Healthy asset growth outpacing liabilities
Consistent positive net income in most recent years, indicating financial stability
Spending Breakdown
How Housing Resource Center Of Monterey County allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Resource Center Of Monterey County
Is Housing Resource Center Of Monterey County a legitimate charity?
Based on AI analysis of IRS 990 filings, Housing Resource Center Of Monterey County (EIN: 200125143) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Housing Resource Center Of Monterey County a good charity to donate to?
Housing Resource Center Of Monterey County has a Mission Score of 92/100. Revenue: $3.4M. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Housing Resource Center Of Monterey County?
The Employer Identification Number (EIN) for Housing Resource Center Of Monterey County is 200125143. 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 Resource Center Of Monterey County spend its money?
Housing Resource Center Of Monterey County allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Housing Resource Center Of Monterey County's tax-exempt status?
You can verify Housing Resource Center Of Monterey County's tax-exempt status using EIN 200125143 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 Resource Center Of Monterey County demonstrates consistent financial growth and a strong commitment to its mission, as evidenced by its program spending. Over the past five years, the organization's revenue has significantly increased from $1,683,175 in 2019 to $4,414,467 in 2023, indicating robust fundraising and grant acquisition capabilities. The organization consistently spends a high percentage of its total expenses on program services, averaging around 85% based on available data, which is a positive indicator of efficiency.
Financial health appears stable, with assets growing from $261,758 in 2019 to $1,341,100 in 2023, outpacing liabilities. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a focus on directing funds towards programmatic activities rather than executive salaries. This practice is highly commendable and contributes to a strong public trust in the organization's financial stewardship. The organization's ability to maintain healthy asset growth while expanding its operational scale reflects sound financial management.