Quick charity verification for Hyde Park 811 Housing Corporationinc (EIN: 205972633)
Verdict: Hyde Park 811 Housing Corporationinc appears trustworthy
75/100Mission Score
$124KRevenue
$1.5MAssets
2Red Flags
3Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue in all reported periods)
Declining asset base over the past decade
Strengths
Zero officer compensation reported across all filings
Low liabilities relative to assets
Consistent IRS 990 filing history demonstrating transparency
Spending Breakdown
How Hyde Park 811 Housing Corporationinc 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 Hyde Park 811 Housing Corporationinc
Is Hyde Park 811 Housing Corporationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hyde Park 811 Housing Corporationinc (EIN: 205972633) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Hyde Park 811 Housing Corporationinc a good charity to donate to?
Hyde Park 811 Housing Corporationinc has a Mission Score of 75/100. Revenue: $124K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hyde Park 811 Housing Corporationinc?
The Employer Identification Number (EIN) for Hyde Park 811 Housing Corporationinc is 205972633. 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 Hyde Park 811 Housing Corporationinc spend its money?
Hyde Park 811 Housing Corporationinc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hyde Park 811 Housing Corporationinc's tax-exempt status?
You can verify Hyde Park 811 Housing Corporationinc's tax-exempt status using EIN 205972633 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
Hyde Park 811 Housing Corporationinc appears to be a stable, albeit small, housing organization. Its financial health shows a consistent pattern of expenses exceeding revenue in recent years, with the latest filing (202312) reporting expenses of $243,816 against revenues of $123,981. This trend of operating at a deficit has been observed across multiple periods, suggesting reliance on accumulated assets or other non-operating income sources to cover costs. Despite this, the organization maintains substantial assets, reported at $1,544,505 in 202312, which have seen a gradual decline from $1,955,212 in 201412. The liabilities remain relatively low, at $26,901 in 202312, indicating a healthy balance sheet in terms of debt.
The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent operational deficit raises questions about long-term sustainability if revenue generation does not improve. Transparency is strong regarding executive compensation, as officer compensation has consistently been reported as 0% across all available filings, which is a positive indicator of resources being directed away from high executive salaries and towards the organization's mission. The consistent filing of IRS 990s over 13 periods also demonstrates a commitment to regulatory compliance and public disclosure.