Quick charity verification for Maple Grove Elderly Housing Corporation (EIN: 10347203)
Verdict: Maple Grove Elderly Housing Corporation appears trustworthy
88/100Mission Score
$3.4MRevenue
$15.1MAssets
1Red Flags
5Strengths
Red Flags
Occasional operational deficits (e.g., 202312: Expenses $1,242,629 vs. Revenue $1,116,834)
Strengths
Consistent asset growth, reaching $9,056,245 in 2023
0% reported officer compensation across all filings
Clear mission aligned with NTEE code L22Z (Elderly Housing)
Long and consistent IRS 990 filing history (13 filings)
Strong financial stability with substantial assets relative to annual expenses
Spending Breakdown
How Maple Grove Elderly Housing Corporation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Maple Grove Elderly Housing Corporation
Is Maple Grove Elderly Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Maple Grove Elderly Housing Corporation (EIN: 10347203) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is Maple Grove Elderly Housing Corporation a good charity to donate to?
Maple Grove Elderly Housing Corporation has a Mission Score of 88/100. Revenue: $3.4M. Assets: $15.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maple Grove Elderly Housing Corporation?
The Employer Identification Number (EIN) for Maple Grove Elderly Housing Corporation is 10347203. 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 Maple Grove Elderly Housing Corporation spend its money?
Maple Grove Elderly Housing Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maple Grove Elderly Housing Corporation's tax-exempt status?
You can verify Maple Grove Elderly Housing Corporation's tax-exempt status using EIN 10347203 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
Maple Grove Elderly Housing Corporation appears to be in a stable financial position, consistently managing its expenses relative to its revenue. In the most recent filing (Period 202312), the organization reported expenses of $1,242,629 against revenues of $1,116,834, indicating a slight operational deficit for that year. However, its assets have shown significant growth over time, reaching $9,056,245 in 2023 from $1,593,737 in 2019, suggesting effective asset management and potentially capital improvements or investments in its mission. The organization's NTEE code (L22Z) indicates a focus on elderly housing, which aligns with its name and likely involves significant property assets.
The organization demonstrates strong transparency regarding executive compensation, reporting 0% officer compensation across all available filings. This indicates that its leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the consistent operational activity and asset growth suggest a functional and managed operation. The consistent filing history further enhances its transparency profile.
Overall, Maple Grove Elderly Housing Corporation appears to be a well-managed entity focused on its mission, with a healthy asset base and a commitment to minimizing executive compensation. Its financial health, while showing minor year-to-year fluctuations in operating surplus/deficit, is underpinned by substantial and growing assets, which is crucial for a housing-focused nonprofit.