Is Israel Senior Citizens Housing Development Fund Corp Legit?
Quick charity verification for Israel Senior Citizens Housing Development Fund Corp (EIN: 112077747)
Verdict: Israel Senior Citizens Housing Development Fund Corp shows mixed signals
65/100Mission Score
$12.2MRevenue
$35.2MAssets
3Red Flags
3Strengths
Red Flags
Significant increase in liabilities, often exceeding assets, in recent years (e.g., $73,034,657 liabilities vs. $59,654,700 assets in 2023).
One-time massive expense spike in 2021 ($28,393,926) without clear explanation in summary data.
Unusually high liabilities relative to assets, potentially indicating financial strain or significant debt burden.
Strengths
Consistent revenue growth over the past several years, from $5,503,787 in 2020 to $11,385,545 in 2023.
Zero reported officer compensation across all filings, indicating a potential commitment to minimizing administrative overhead at the executive level.
Positive net income in recent years (e.g., 2022 and 2023), showing operational surpluses after the 2021 anomaly.
Spending Breakdown
How Israel Senior Citizens Housing Development Fund Corp 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 Israel Senior Citizens Housing Development Fund Corp
Is Israel Senior Citizens Housing Development Fund Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Israel Senior Citizens Housing Development Fund Corp (EIN: 112077747) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Israel Senior Citizens Housing Development Fund Corp a good charity to donate to?
Israel Senior Citizens Housing Development Fund Corp has a Mission Score of 65/100. Revenue: $12.2M. Assets: $35.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Israel Senior Citizens Housing Development Fund Corp?
The Employer Identification Number (EIN) for Israel Senior Citizens Housing Development Fund Corp is 112077747. 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 Israel Senior Citizens Housing Development Fund Corp spend its money?
Israel Senior Citizens Housing Development Fund Corp allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Israel Senior Citizens Housing Development Fund Corp's tax-exempt status?
You can verify Israel Senior Citizens Housing Development Fund Corp's tax-exempt status using EIN 112077747 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
Israel Senior Citizens Housing Development Fund Corp exhibits a complex financial picture. While the organization has consistently reported zero officer compensation across all available filings, indicating good transparency regarding executive pay, its financial health shows significant fluctuations. For instance, in fiscal year 2021, expenses dramatically outstripped revenue ($28,393,926 vs. $8,736,330), suggesting a substantial deficit or a major one-time expenditure. This contrasts with more recent years (2022 and 2023) where revenue comfortably exceeded expenses, indicating improved operational efficiency. The organization's liabilities have also grown considerably, reaching $73,034,657 in 2023, which is a significant increase from $11,354,714 in 2020, raising questions about its long-term financial stability and debt management, especially given that liabilities often exceed assets in recent years.