Is Mohawk Valley Community College Dormitory Corp Legit?
Quick charity verification for Mohawk Valley Community College Dormitory Corp (EIN: 160922390)
Verdict: Mohawk Valley Community College Dormitory Corp appears trustworthy
90/100Mission Score
$2.6MRevenue
$10.6MAssets
1Red Flags
5Strengths
Red Flags
No reported officer compensation, which, while seemingly positive, can sometimes indicate compensation is handled through an affiliated entity or that the board is entirely volunteer, which might raise questions about sustainability or professional management capacity for an organization of this scale.
Strengths
Consistent operational surpluses, such as $218,996 in 202307, demonstrating financial stability.
Strong asset base, with $10,755,902 in assets in 202307, providing long-term security.
Zero reported officer compensation, indicating a high dedication of resources to the mission.
Decreasing liabilities over recent years, improving the organization's financial health.
Consistent and transparent IRS 990 filing history over 13 periods.
Spending Breakdown
How Mohawk Valley Community College Dormitory 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 Mohawk Valley Community College Dormitory Corp
Is Mohawk Valley Community College Dormitory Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Mohawk Valley Community College Dormitory Corp (EIN: 160922390) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Mohawk Valley Community College Dormitory Corp a good charity to donate to?
Mohawk Valley Community College Dormitory Corp has a Mission Score of 90/100. Revenue: $2.6M. Assets: $10.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mohawk Valley Community College Dormitory Corp?
The Employer Identification Number (EIN) for Mohawk Valley Community College Dormitory Corp is 160922390. 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 Mohawk Valley Community College Dormitory Corp spend its money?
Mohawk Valley Community College Dormitory Corp allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mohawk Valley Community College Dormitory Corp's tax-exempt status?
You can verify Mohawk Valley Community College Dormitory Corp's tax-exempt status using EIN 160922390 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
Mohawk Valley Community College Dormitory Corp appears to be in a stable financial position, primarily focused on its program services. In the latest filing period (202307), the organization reported revenues of $2,593,395 against expenses of $2,374,399, resulting in a surplus. This trend of generating surpluses has been consistent in recent years, indicating sound financial management. The organization's assets have remained substantial, at $10,755,902 in 202307, providing a strong financial base.
The spending efficiency is commendable, with a significant portion of expenses directed towards program services. Given its nature as a dormitory corporation, its operational costs are inherently tied to maintaining and running student housing, which directly supports the educational mission of Mohawk Valley Community College. The consistent reporting of zero officer compensation across all available filings suggests a lean administrative structure at the executive level, further contributing to efficiency.
Transparency is high, as evidenced by the consistent filing of IRS Form 990s over 13 periods, with detailed financial information publicly available. The absence of officer compensation also simplifies the analysis of resource allocation, demonstrating a clear commitment to directing funds towards its core purpose rather than executive salaries. The organization's financial health appears robust, with a healthy asset base and consistent operational surpluses.