Is La Casa Nuestra Housing Development Fund Corporation Legit?

Quick charity verification for La Casa Nuestra Housing Development Fund Corporation (EIN: 133802313)

Verdict: La Casa Nuestra Housing Development Fund Corporation shows mixed signals

55/100Mission Score

$3.2MRevenue

$14.9MAssets

4Red Flags

3Strengths

Red Flags

Consistent operating deficits (expenses exceeding revenue) over multiple years, indicating potential financial instability.
High liabilities consistently exceeding assets, resulting in negative net assets, which is a significant financial health concern.
Declining asset base over the past several years, potentially impacting long-term capacity.
Lack of detailed spending breakdown (program vs. admin vs. fundraising) in the provided data makes a precise efficiency assessment difficult.

Strengths

Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.
Reports 0% officer compensation, suggesting efficient use of funds in executive salaries or a volunteer-led model.
Long operational history (12 filings provided) indicates established presence in the community.

Spending Breakdown

How La Casa Nuestra Housing Development Fund Corporation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 La Casa Nuestra Housing Development Fund Corporation

Is La Casa Nuestra Housing Development Fund Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, La Casa Nuestra Housing Development Fund Corporation (EIN: 133802313) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.

Is La Casa Nuestra Housing Development Fund Corporation a good charity to donate to?

La Casa Nuestra Housing Development Fund Corporation has a Mission Score of 55/100. Revenue: $3.2M. Assets: $14.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for La Casa Nuestra Housing Development Fund Corporation?

The Employer Identification Number (EIN) for La Casa Nuestra Housing Development Fund Corporation is 133802313. 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 La Casa Nuestra Housing Development Fund Corporation spend its money?

La Casa Nuestra Housing Development Fund Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify La Casa Nuestra Housing Development Fund Corporation's tax-exempt status?

You can verify La Casa Nuestra Housing Development Fund Corporation's tax-exempt status using EIN 133802313 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

La Casa Nuestra Housing Development Fund Corporation demonstrates consistent operational activity, with revenues and expenses generally in the range of $2.5 million to $3.8 million over the past decade. The organization has consistently reported zero officer compensation, which is a notable aspect of its financial structure and suggests a volunteer-led or externally managed executive function. However, the organization has consistently operated with a deficit in recent years, with expenses exceeding revenue. For example, in 2023, expenses were $3,866,806 against revenues of $2,984,189, indicating a reliance on prior reserves or other funding mechanisms to cover operational costs. This trend of expenses exceeding revenue is visible across multiple recent filings, raising questions about long-term financial sustainability if not addressed by increased revenue or reduced spending.

Regarding financial health, the organization's assets have shown a gradual decline from a peak of $18,327,193 in 2016 to $14,981,060 in 2023, while liabilities have remained significantly higher, consistently in the $22-23 million range. This substantial liability burden relative to assets, resulting in negative net assets, is a significant concern for financial stability. The consistent negative net assets suggest that the organization's long-term financial position is precarious, and it may be heavily reliant on specific funding streams or debt structures that are not fully offset by its current asset base. The lack of officer compensation, while potentially indicating efficiency in one area, does not fully mitigate the broader financial challenges presented by the consistent operating deficits and negative net assets.

Transparency is generally good given the consistent filing of IRS Form 990s over a long period. The detailed financial figures provided in the filings allow for a clear understanding of the organization's revenue, expenses, assets, and liabilities. However, without a detailed breakdown of program, administrative, and fundraising expenses within the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of zero officer compensation is a transparent disclosure, but the underlying reasons for the persistent operating deficits and the high liabilities warrant further investigation to fully understand the organization's financial strategy and long-term viability.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.