Is Lewiston Auburn Area Housing Development Corporation Legit?
Quick charity verification for Lewiston Auburn Area Housing Development Corporation (EIN: 10462712)
Verdict: Lewiston Auburn Area Housing Development Corporation appears trustworthy
75/100Mission Score
$397KRevenue
$3.0MAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (e.g., 202306, 202206, 202106 where expenses exceeded revenue).
Significant increase in liabilities ($5,220,674 in 202306) relative to assets, indicating potential reliance on debt.
Fluctuating revenue streams, making financial planning and sustainability challenging.
Strengths
Strong asset growth over time, indicating successful capital development.
Consistent reporting of 0% officer compensation, suggesting efficient use of funds for leadership.
Clear focus on its housing development mission, as implied by its NTEE code and asset base.
Spending Breakdown
How Lewiston Auburn Area Housing Development 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
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 Lewiston Auburn Area Housing Development Corporation
Is Lewiston Auburn Area Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lewiston Auburn Area Housing Development Corporation (EIN: 10462712) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Lewiston Auburn Area Housing Development Corporation a good charity to donate to?
Lewiston Auburn Area Housing Development Corporation has a Mission Score of 75/100. Revenue: $397K. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lewiston Auburn Area Housing Development Corporation?
The Employer Identification Number (EIN) for Lewiston Auburn Area Housing Development Corporation is 10462712. 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 Lewiston Auburn Area Housing Development Corporation spend its money?
Lewiston Auburn Area Housing Development Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lewiston Auburn Area Housing Development Corporation's tax-exempt status?
You can verify Lewiston Auburn Area Housing Development Corporation's tax-exempt status using EIN 10462712 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
Lewiston Auburn Area Housing Development Corporation demonstrates a commitment to its mission of housing development, as evidenced by its consistent program spending. However, the organization has experienced significant fluctuations in its financial health over the past few years. In the 202306 period, expenses ($800,258) substantially outpaced revenue ($524,351), leading to a deficit. This trend of expenses exceeding revenue was also observed in 202206 and 202106. While the organization's assets have grown considerably, reaching $6,234,149 in 202306, so have its liabilities, which stood at $5,220,674 in the same period, indicating a reliance on debt or restricted funds for asset acquisition. The absence of officer compensation reported across all filings suggests a volunteer-driven leadership or that compensation is covered by other entities, which can be a positive indicator of efficiency, though further detail would enhance transparency.