Is Los Sures Sip Housing Development Fund Corporation Legit?

Quick charity verification for Los Sures Sip Housing Development Fund Corporation (EIN: 113104312)

Verdict: Los Sures Sip Housing Development Fund Corporation shows mixed signals

65/100Mission Score
$1.8MRevenue
$6.7MAssets
3Red Flags
2Strengths

Red Flags

Strengths

Spending Breakdown

How Los Sures Sip Housing Development Fund 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 Los Sures Sip Housing Development Fund Corporation

Is Los Sures Sip Housing Development Fund Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Los Sures Sip Housing Development Fund Corporation (EIN: 113104312) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.

Is Los Sures Sip Housing Development Fund Corporation a good charity to donate to?

Los Sures Sip Housing Development Fund Corporation has a Mission Score of 65/100. Revenue: $1.8M. Assets: $6.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Los Sures Sip Housing Development Fund Corporation?

The Employer Identification Number (EIN) for Los Sures Sip Housing Development Fund Corporation is 113104312. 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 Los Sures Sip Housing Development Fund Corporation spend its money?

Los Sures Sip Housing Development Fund Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Los Sures Sip Housing Development Fund Corporation's tax-exempt status?

You can verify Los Sures Sip Housing Development Fund Corporation's tax-exempt status using EIN 113104312 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

Los Sures Sip Housing Development Fund Corporation demonstrates consistent operational activity, with revenues and expenses generally in the range of $1.5M to $2M over the past several years. The organization has reported zero officer compensation across all available filings, which is a notable aspect of its financial structure, suggesting either volunteer leadership or compensation being reported under other categories. However, a consistent trend of expenses exceeding revenue is observed in most recent years (e.g., 202312: Revenue $1,640,353 vs. Expenses $1,730,599; 202212: Revenue $1,791,277 vs. Expenses $1,980,522), leading to a gradual decline in assets from a high of $7,005,211 in 2021 to $6,577,324 in 2023. This trend, coupled with liabilities consistently exceeding assets, warrants closer examination. The organization's financial health appears stable in terms of asset base, but the recurring operational deficits could be a concern if not addressed. The significant liabilities, consistently around $10M-$11M, compared to assets of approximately $6M-$7M, indicate a reliance on debt or other long-term obligations. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The lack of reported officer compensation, while potentially positive for donor perception, requires further investigation to understand the full compensation structure for key personnel and its impact on transparency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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