Is Hrca Brookline Housing 1550 Beacon Plaza Legit?
Quick charity verification for Hrca Brookline Housing 1550 Beacon Plaza (EIN: 10569403)
Verdict: Hrca Brookline Housing 1550 Beacon Plaza appears trustworthy
92/100Mission Score
$6.0MRevenue
$19.9MAssets
1Red Flags
4Strengths
Red Flags
High liabilities relative to assets, though common for housing organizations (Liabilities $26,344,633 vs. Assets $19,089,371 in 2023).
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency and dedication of funds to mission.
Stable and growing revenue stream, increasing from $3.6M in 2014 to $5.6M in 2023.
Positive net income in recent years (e.g., $1,192,214 in 2023), contributing to asset growth.
Clear program focus inherent in the NTEE code (L25 - Housing Development, Construction & Management).
Spending Breakdown
How Hrca Brookline Housing 1550 Beacon Plaza allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Hrca Brookline Housing 1550 Beacon Plaza
Is Hrca Brookline Housing 1550 Beacon Plaza a legitimate charity?
Based on AI analysis of IRS 990 filings, Hrca Brookline Housing 1550 Beacon Plaza (EIN: 10569403) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Hrca Brookline Housing 1550 Beacon Plaza a good charity to donate to?
Hrca Brookline Housing 1550 Beacon Plaza has a Mission Score of 92/100. Revenue: $6.0M. Assets: $19.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hrca Brookline Housing 1550 Beacon Plaza?
The Employer Identification Number (EIN) for Hrca Brookline Housing 1550 Beacon Plaza is 10569403. 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 Hrca Brookline Housing 1550 Beacon Plaza spend its money?
Hrca Brookline Housing 1550 Beacon Plaza allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hrca Brookline Housing 1550 Beacon Plaza's tax-exempt status?
You can verify Hrca Brookline Housing 1550 Beacon Plaza's tax-exempt status using EIN 10569403 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
Hrca Brookline Housing demonstrates consistent financial operations focused on its mission of providing housing. Over the past decade, the organization has maintained stable revenue streams, with the latest reported revenue at $5,611,543 in 2023. Its program spending appears to be the primary focus, as is typical for housing organizations, with a significant portion of expenses directed towards its core activities. The organization consistently reports 0% officer compensation, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries.
While the organization's assets have grown to $19,089,371 in 2023, its liabilities have also remained substantial, reaching $26,344,633 in the same period. This suggests a reliance on debt financing, likely for property acquisition or development, which is common in the affordable housing sector. The consistent reporting of 0% officer compensation across all available filings indicates a high level of transparency regarding executive pay, as it suggests either a volunteer board or compensation below reporting thresholds, further enhancing its transparency profile.
Overall, Hrca Brookline Housing appears to be a financially stable organization with a clear program focus and strong transparency regarding executive compensation. Its consistent operational performance and dedication to its mission are evident in its financial filings, despite the high liability levels which are often inherent to its operational model.