Is Leased Housing Corporation Of Secaucus New Jersey Legit?
Quick charity verification for Leased Housing Corporation Of Secaucus New Jersey (EIN: 222066146)
Verdict: Leased Housing Corporation Of Secaucus New Jersey appears trustworthy
75/100Mission Score
$359KRevenue
$3.6MAssets
3Red Flags
4Strengths
Red Flags
Consistent reporting of $0 executive compensation for an organization with over $3 million in assets (e.g., $3,606,083 in 2023) is highly unusual and warrants further investigation into operational structure and leadership.
Lack of detailed information regarding program activities and beneficiaries makes it difficult to assess the true impact of the organization's mission.
The 'nt' (nonprofit type) field is missing, which hinders a clear understanding of its specific charitable designation and regulatory framework.
Strengths
The organization consistently maintains a healthy asset base, with $3,606,083 in assets reported in 2023.
Revenue has been relatively stable over the years, with $347,365 reported in 2023.
Expenses are consistently managed below revenue in most years, indicating sound financial stewardship (e.g., $391,773 expenses vs. $347,365 revenue in 2023, but $385,065 expenses vs. $341,364 revenue in 2022).
The organization has a long operational history, with data available back to 2016, suggesting stability.
Spending Breakdown
How Leased Housing Corporation Of Secaucus New Jersey allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Leased Housing Corporation Of Secaucus New Jersey
Is Leased Housing Corporation Of Secaucus New Jersey a legitimate charity?
Based on AI analysis of IRS 990 filings, Leased Housing Corporation Of Secaucus New Jersey (EIN: 222066146) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
Is Leased Housing Corporation Of Secaucus New Jersey a good charity to donate to?
Leased Housing Corporation Of Secaucus New Jersey has a Mission Score of 75/100. Revenue: $359K. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Leased Housing Corporation Of Secaucus New Jersey?
The Employer Identification Number (EIN) for Leased Housing Corporation Of Secaucus New Jersey is 222066146. 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 Leased Housing Corporation Of Secaucus New Jersey spend its money?
Leased Housing Corporation Of Secaucus New Jersey allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Leased Housing Corporation Of Secaucus New Jersey's tax-exempt status?
You can verify Leased Housing Corporation Of Secaucus New Jersey's tax-exempt status using EIN 222066146 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
Leased Housing Corporation Of Secaucus New Jersey is a unknown nonprofit based in Secaucus, New Jersey, with reported revenue of $359K and assets of $3.6M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 90% of spending goes to programs, 10% to administration, and 0% to fundraising. Executive compensation is reported as $0 across all available filings, which, while seemingly efficient, raises questions about how leadership roles are filled and compensated, especially for an entity managing significant assets. Revenue has declined -74% across 13 filing periods.