Quick charity verification for Local Community Housing Corporation (EIN: 204000503)
Verdict: Local Community Housing Corporation appears trustworthy
85/100Mission Score
$683KRevenue
$1.2MAssets
2Red Flags
4Strengths
Red Flags
Recurring operational deficits (e.g., 2023 expenses $765,622 vs. revenue $535,838)
Significant drop in revenue from 2016 ($1,168,753) to 2017 ($486,960) and subsequent years
Strengths
Consistent zero officer compensation, maximizing funds for programs
Strong program focus (NTEE Code L11 - Housing, Shelter)
Long history of IRS 990 filings (13 filings), indicating transparency
Stable asset base despite operational fluctuations
Spending Breakdown
How Local Community Housing 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 Local Community Housing Corporation
Is Local Community Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Local Community Housing Corporation (EIN: 204000503) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Local Community Housing Corporation a good charity to donate to?
Local Community Housing Corporation has a Mission Score of 85/100. Revenue: $683K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Local Community Housing Corporation?
The Employer Identification Number (EIN) for Local Community Housing Corporation is 204000503. 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 Local Community Housing Corporation spend its money?
Local Community Housing Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Local Community Housing Corporation's tax-exempt status?
You can verify Local Community Housing Corporation's tax-exempt status using EIN 204000503 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
Local Community Housing Corporation demonstrates a consistent commitment to its mission, as evidenced by its NTEE code L11 (Housing, Shelter). The organization's financial health shows some fluctuations in revenue and expenses over the past decade. For instance, in 2023, expenses ($765,622) significantly exceeded revenue ($535,838), leading to a deficit. This trend of expenses exceeding revenue is also observed in 2022 ($711,824 expenses vs. $599,108 revenue) and 2021 ($511,926 expenses vs. $436,688 revenue), suggesting a potential reliance on prior year surpluses or asset drawdowns. However, the organization's assets have remained relatively stable, hovering around $1.1 million to $1.5 million in recent years, indicating a solid asset base despite operational deficits. The consistent reporting of zero officer compensation across all available filings suggests a high degree of volunteer leadership or that compensation is covered by another entity, which is a positive indicator for donor confidence and efficient use of funds.
Spending efficiency appears to be strong in terms of administrative overhead, given the zero reported officer compensation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation implies that a larger proportion of funds could be directed towards program services. The organization's transparency is commendable through its consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The consistent liabilities of $1,325 in recent years also suggest stable and manageable financial obligations. The organization's ability to maintain its asset base despite periods of operational deficits warrants closer examination of its funding sources and long-term financial strategy.