Is Longfellow Avenue Housing Development Fund Co Inc Legit?
Quick charity verification for Longfellow Avenue Housing Development Fund Co Inc (EIN: 132765298)
Verdict: Longfellow Avenue Housing Development Fund Co Inc appears trustworthy
85/100Mission Score
$2.9MRevenue
$6.0MAssets
2Red Flags
4Strengths
Red Flags
Liabilities consistently exceed assets, indicating a highly leveraged financial position.
Significant fluctuations in expenses and occasional deficit spending (e.g., 202209, 202009, 201809, 201709) could indicate unpredictable financial planning or large project-based expenditures.
Strengths
Consistent 0% officer compensation, indicating strong resource allocation to mission.
Latest filing (202309) shows a healthy operating surplus of $598,180.
Long history of IRS 990 filings (9 filings), demonstrating transparency and consistent operation.
Focus on housing development (NTEE L21) directly addresses community needs.
Spending Breakdown
How Longfellow Avenue Housing Development Fund Co Inc 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 Longfellow Avenue Housing Development Fund Co Inc
Is Longfellow Avenue Housing Development Fund Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Longfellow Avenue Housing Development Fund Co Inc (EIN: 132765298) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Longfellow Avenue Housing Development Fund Co Inc a good charity to donate to?
Longfellow Avenue Housing Development Fund Co Inc has a Mission Score of 85/100. Revenue: $2.9M. Assets: $6.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Longfellow Avenue Housing Development Fund Co Inc?
The Employer Identification Number (EIN) for Longfellow Avenue Housing Development Fund Co Inc is 132765298. 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 Longfellow Avenue Housing Development Fund Co Inc spend its money?
Longfellow Avenue Housing Development Fund Co Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Longfellow Avenue Housing Development Fund Co Inc's tax-exempt status?
You can verify Longfellow Avenue Housing Development Fund Co Inc's tax-exempt status using EIN 132765298 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
Longfellow Avenue Housing Development Fund Co Inc demonstrates a consistent operational profile focused on housing development, as indicated by its NTEE code L21. The organization's financial health shows some fluctuations, with recent years (2022 and 2020) reporting expenses exceeding revenue, such as in 202209 where expenses were $4,182,715 against revenue of $2,601,664. However, the latest filing (202309) shows a positive net income with revenue of $2,728,132 exceeding expenses of $2,129,952, suggesting a return to financial stability. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment.
Spending efficiency appears to be generally good, especially in periods where revenue significantly outpaces expenses, such as in 202309. The absence of officer compensation suggests that administrative costs related to executive salaries are minimal or non-existent, allowing more funds to be directed towards programs. The organization's assets have fluctuated, peaking around $9.5 million in 201709 and currently standing at $6,013,311 in 202309, while liabilities have remained relatively high, often exceeding assets, which is common for housing development funds that rely on debt financing for projects.
Overall, Longfellow Avenue Housing Development Fund Co Inc exhibits a strong commitment to its mission through its consistent lack of executive compensation and its primary focus on housing development. While there have been periods of deficit spending, the latest financial data indicates a healthy operational surplus. The organization's transparency is high given the detailed financial filings and the clear allocation of resources.