Quick charity verification for Housing Works Services Inc (EIN: 133779481)
Verdict: Housing Works Services Inc shows mixed signals
55/100Mission Score
$2.9MRevenue
$1.6MAssets
4Red Flags
3Strengths
Red Flags
Persistent operating deficits: Expenses consistently exceed revenue, leading to financial instability (e.g., $771,285 deficit in 2023).
High and growing liabilities: Liabilities of $8,260,384 in 2023 significantly outweigh assets of $1,642,747, indicating a precarious financial position.
Declining assets: Assets have decreased from $3,749,394 in 2016 to $1,642,747 in 2023, while liabilities have increased.
Revenue decline in recent years: Revenue has decreased from a peak of $5,899,626 in 2019 to $4,505,589 in 2023, exacerbating financial challenges.
Strengths
Consistent IRS 990 filing history: Demonstrates a commitment to regulatory compliance and transparency.
No reported officer compensation: Suggests a focus on minimizing executive overhead, or a unique operational structure.
Long operational history: Over a decade of filings indicates established presence and experience in its mission area.
Spending Breakdown
How Housing Works Services 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 Works Services Inc
Is Housing Works Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Housing Works Services Inc (EIN: 133779481) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
Is Housing Works Services Inc a good charity to donate to?
Housing Works Services Inc has a Mission Score of 55/100. Revenue: $2.9M. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Housing Works Services Inc?
The Employer Identification Number (EIN) for Housing Works Services Inc is 133779481. 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 Works Services Inc spend its money?
Housing Works Services Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Housing Works Services Inc's tax-exempt status?
You can verify Housing Works Services Inc's tax-exempt status using EIN 133779481 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 Works Services Inc has demonstrated a consistent pattern of operating deficits over the past several years, with expenses exceeding revenue in most reported periods. For example, in fiscal year 2023, expenses were $5,276,874 against revenues of $4,505,589, indicating a significant shortfall. This trend has led to a substantial and growing liability burden, reaching $8,260,384 in 2023, which far outweighs its assets of $1,642,747. The organization's financial health appears precarious due to these persistent deficits and high liabilities.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent operating losses suggest that current revenue streams are insufficient to cover overall expenditures. The absence of reported officer compensation across all filings indicates a potential strength in minimizing executive overhead, or that compensation is reported under other categories, which would require further investigation for full transparency.
Transparency is generally good given the consistent filing of IRS 990s. However, the lack of reported officer compensation could be a point of concern if it implies that compensation is being paid but not disclosed in the designated section, or if the organization truly operates without paid officers, which is less common for an organization of this size. The significant and increasing liabilities are a major financial concern that warrants close monitoring and strategic planning.