Is Lincoln Towers Housing Development Fund Corporation Legit?
Quick charity verification for Lincoln Towers Housing Development Fund Corporation (EIN: 133974371)
Verdict: Lincoln Towers Housing Development Fund Corporation appears trustworthy
70/100Mission Score
$2.2MRevenue
$7.2MAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue) in recent years, e.g., $2,176,371 expenses vs. $2,004,613 revenue in 2023.
Declining asset base from $12,718,699 in 2017 to $7,666,621 in 2023.
Liabilities consistently exceed assets, indicating a potentially leveraged financial structure (e.g., $11,368,573 liabilities vs. $7,666,621 assets in 2023).
Strengths
Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
Long filing history (13 filings) suggests consistent operation and compliance.
Focus on housing development (NTEE L21) indicates a clear programmatic mission.
Spending Breakdown
How Lincoln Towers Housing Development Fund Corporation 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 Lincoln Towers Housing Development Fund Corporation
Is Lincoln Towers Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lincoln Towers Housing Development Fund Corporation (EIN: 133974371) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Lincoln Towers Housing Development Fund Corporation a good charity to donate to?
Lincoln Towers Housing Development Fund Corporation has a Mission Score of 70/100. Revenue: $2.2M. Assets: $7.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lincoln Towers Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Lincoln Towers Housing Development Fund Corporation is 133974371. 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 Lincoln Towers Housing Development Fund Corporation spend its money?
Lincoln Towers Housing Development Fund Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lincoln Towers Housing Development Fund Corporation's tax-exempt status?
You can verify Lincoln Towers Housing Development Fund Corporation's tax-exempt status using EIN 133974371 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
Lincoln Towers Housing Development Fund Corporation appears to be in a stable financial position, though it has consistently operated with expenses exceeding revenue in recent years. For example, in the 202306 period, expenses were $2,176,371 against revenues of $2,004,613, indicating a deficit. This trend is consistent across multiple years, suggesting a reliance on existing assets or other funding mechanisms to cover operational costs. The organization's assets have also shown a declining trend from $12,718,699 in 2017 to $7,666,621 in 2023, while liabilities have remained high, often exceeding assets. The NTEE code L21 (Housing Development, Construction & Management) suggests its primary activities are related to housing, which often involves significant capital expenditures and long-term debt. The consistent reporting of 0% officer compensation across all available filings indicates strong financial transparency regarding executive pay and a potential volunteer-led or very lean administrative structure at the top.