Is Lutheran Housing Development Fund…

Quick charity verification for Lutheran Housing Development Fund Corporation (EIN: 112574183)

Spending Breakdown

How Lutheran Housing Development Fund Corporation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Lutheran Housing Development Fund Corporation

Is Lutheran Housing Development Fund Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Lutheran Housing Development Fund Corporation (EIN: 112574183) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Lutheran Housing Development Fund Corporation a good charity to donate to?

Lutheran Housing Development Fund Corporation has a Mission Score of 85/100. Revenue: $1.8M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Lutheran Housing Development Fund Corporation?

The Employer Identification Number (EIN) for Lutheran Housing Development Fund Corporation is 112574183. 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 Lutheran Housing Development Fund Corporation spend its money?

Lutheran Housing Development Fund Corporation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Lutheran Housing Development Fund Corporation's tax-exempt status?

You can verify Lutheran Housing Development Fund Corporation's tax-exempt status using EIN 112574183 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

Lutheran Housing Development Fund Corporation demonstrates consistent financial operations, with revenues generally exceeding expenses in recent years, indicating a stable financial position. For example, in 2023, revenue was $1,672,964 against expenses of $1,487,947. The organization's assets have remained relatively stable around $2.8-$3.5 million over the past decade, while liabilities have shown a gradual decrease from $5.6 million in 2014 to $4.3 million in 2023, which is a positive trend. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust.

However, the organization's liabilities consistently exceed its assets, with liabilities at $4,306,127 and assets at $2,870,464 in 2023. This indicates a negative net asset position, which, while not uncommon for housing development funds that often carry significant debt for property acquisition and development, warrants closer examination of its long-term financial strategy and debt management. The NTEE code L22Z (Housing Development, Construction & Management) suggests that the organization's financial structure might be typical for its sector, but the sustained negative net assets should be monitored.

Overall, the organization appears to be fiscally responsible in its operational spending and transparent regarding executive compensation. Its consistent revenue generation and expense management, coupled with a reduction in liabilities, point to a well-managed entity, despite the structural challenge of negative net assets. Further analysis would benefit from understanding the nature of its liabilities and the specific programs it funds.

Is Lutheran Housing Development Fund Corporation Legit?

Verdict: Lutheran Housing Development Fund Corporation appears trustworthy

Red Flags

Strengths