Quick charity verification for Lakeridge Village Inc (EIN: 204986314)
Verdict: Lakeridge Village Inc appears trustworthy
85/100Mission Score
$1.8MRevenue
$1.1MAssets
1Red Flags
4Strengths
Red Flags
Tight operating margins in some periods (e.g., 202209: Revenue $1,216,502 vs. Expenses $1,215,651)
Strengths
Consistent 0% officer compensation reported across all filings
Significant growth in revenue and assets in recent periods (e.g., Assets grew from $207,518 in 202209 to $1,139,417 currently)
Positive net assets in most recent filings, indicating financial stability
Clear program focus based on NTEE code P28 (Housing for the Elderly)
Spending Breakdown
How Lakeridge Village Inc 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 Lakeridge Village Inc
Is Lakeridge Village Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakeridge Village Inc (EIN: 204986314) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Lakeridge Village Inc a good charity to donate to?
Lakeridge Village Inc has a Mission Score of 85/100. Revenue: $1.8M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lakeridge Village Inc?
The Employer Identification Number (EIN) for Lakeridge Village Inc is 204986314. 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 Lakeridge Village Inc spend its money?
Lakeridge Village Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lakeridge Village Inc's tax-exempt status?
You can verify Lakeridge Village Inc's tax-exempt status using EIN 204986314 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
Lakeridge Village Inc. demonstrates a fluctuating financial history, with recent growth in revenue and assets. In the 202209 period, the organization reported revenues of $1,216,502 against expenses of $1,215,651, indicating a very tight operational margin. The latest reported revenue of $1,770,680 and assets of $1,139,417 suggest a significant increase in scale and financial holdings compared to previous years. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. However, the detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the summary data, which limits a full assessment of spending efficiency. The organization's NTEE code P28 (Housing for the Elderly) suggests a clear program focus, and the financial data, particularly the low liabilities relative to assets in recent years, points to a stable, albeit growing, financial position.