Is Melrose Villa Hermosa Housing Development Fund Company Inc Legit?
Quick charity verification for Melrose Villa Hermosa Housing Development Fund Company Inc (EIN: 133501749)
Verdict: Melrose Villa Hermosa Housing Development Fund Company Inc shows mixed signals
65/100Mission Score
$12.1MRevenue
$1.1MAssets
4Red Flags
2Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue in all reported years)
Significant decline in assets over the past decade (from $8.7M in 2014 to $6.3M in 2023)
Unknown NTEE code, limiting clarity on programmatic focus
0% reported officer compensation, which may obscure leadership costs
Strengths
Strong asset base relative to liabilities, indicating financial solvency (e.g., $6.3M assets vs. $371K liabilities in 2023)
Consistent filing history, demonstrating compliance with IRS reporting requirements
Spending Breakdown
How Melrose Villa Hermosa Housing Development Fund Company Inc 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 Melrose Villa Hermosa Housing Development Fund Company Inc
Is Melrose Villa Hermosa Housing Development Fund Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Melrose Villa Hermosa Housing Development Fund Company Inc (EIN: 133501749) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
Is Melrose Villa Hermosa Housing Development Fund Company Inc a good charity to donate to?
Melrose Villa Hermosa Housing Development Fund Company Inc has a Mission Score of 65/100. Revenue: $12.1M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Melrose Villa Hermosa Housing Development Fund Company Inc?
The Employer Identification Number (EIN) for Melrose Villa Hermosa Housing Development Fund Company Inc is 133501749. 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 Melrose Villa Hermosa Housing Development Fund Company Inc spend its money?
Melrose Villa Hermosa Housing Development Fund Company Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Melrose Villa Hermosa Housing Development Fund Company Inc's tax-exempt status?
You can verify Melrose Villa Hermosa Housing Development Fund Company Inc's tax-exempt status using EIN 133501749 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
Melrose Villa Hermosa Housing Development Fund Company Inc appears to be a financially stable organization, consistently reporting assets significantly higher than liabilities across all available filing periods. For example, in 2023, assets were $6,377,154 against liabilities of $371,716. However, the organization has consistently operated at a deficit, with expenses exceeding revenue in every reported year. In 2023, expenses were $1,493,088 while revenue was $1,036,108, indicating a reliance on existing assets or other funding sources to cover operational costs. The lack of reported officer compensation across all filings suggests either a volunteer-led board or compensation is reported under other expense categories, which could impact transparency regarding leadership costs. The NTEE code being unknown also limits a clear understanding of its specific programmatic focus.