Is Mhany 1999 Ii Housing Development Fund Corp Legit?

Quick charity verification for Mhany 1999 Ii Housing Development Fund Corp (EIN: 113517199)

Verdict: Mhany 1999 Ii Housing Development Fund Corp appears trustworthy

95/100Mission Score
$2.3MRevenue
$12.1MAssets
2Red Flags
5Strengths

Red Flags

Strengths

Spending Breakdown

How Mhany 1999 Ii Housing Development Fund Corp 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 Mhany 1999 Ii Housing Development Fund Corp

Is Mhany 1999 Ii Housing Development Fund Corp a legitimate charity?

Based on AI analysis of IRS 990 filings, Mhany 1999 Ii Housing Development Fund Corp (EIN: 113517199) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.

Is Mhany 1999 Ii Housing Development Fund Corp a good charity to donate to?

Mhany 1999 Ii Housing Development Fund Corp has a Mission Score of 95/100. Revenue: $2.3M. Assets: $12.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mhany 1999 Ii Housing Development Fund Corp?

The Employer Identification Number (EIN) for Mhany 1999 Ii Housing Development Fund Corp is 113517199. 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 Mhany 1999 Ii Housing Development Fund Corp spend its money?

Mhany 1999 Ii Housing Development Fund Corp allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mhany 1999 Ii Housing Development Fund Corp's tax-exempt status?

You can verify Mhany 1999 Ii Housing Development Fund Corp's tax-exempt status using EIN 113517199 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

Mhany 1999 Ii Housing Development Fund Corp demonstrates consistent financial health with stable revenue and asset growth over the past several years. In the 202312 period, the organization reported revenues of $2,064,446 against expenses of $1,619,726, indicating a healthy surplus. The organization's assets have steadily increased, reaching $11,870,736 in 202312, while liabilities have shown a decreasing trend from $4,735,229 in 202212 to $3,337,394 in 202312, which is a positive sign of financial management. Regarding spending efficiency, the organization consistently spends less than its revenue, allowing for asset accumulation. While specific program spending ratios are not detailed in the provided data, the overall financial picture suggests prudent management. The absence of reported officer compensation across all filings indicates a high degree of transparency and a focus on mission-related expenditures rather than executive enrichment. Overall, Mhany 1999 Ii Housing Development Fund Corp appears to be a financially stable and well-managed organization. Its consistent surpluses, growing assets, and lack of executive compensation suggest a strong commitment to its mission and efficient use of resources. The decreasing liabilities further reinforce its sound financial standing.

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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