Lack of detailed program vs. administrative spending breakdown in provided summary data
Consistent 0% officer compensation could indicate compensation is reported elsewhere or through related entities, warranting deeper investigation for full transparency.
Strengths
Consistent and significant growth in assets, from $21.8M in 2014 to $34.8M in 2023.
Strong operational surpluses year over year, indicating sound financial management (e.g., $7.4M revenue vs. $5.6M expenses in 2023).
No reported officer compensation across all available filings, suggesting a focus on mission over executive pay.
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency.
Healthy asset-to-liability ratio, indicating financial stability and capacity for future projects.
Spending Breakdown
How Monadnock Affordable 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 Monadnock Affordable Housing Corporation
Is Monadnock Affordable Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Monadnock Affordable Housing Corporation (EIN: 20511413) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
Is Monadnock Affordable Housing Corporation a good charity to donate to?
Monadnock Affordable Housing Corporation has a Mission Score of 88/100. Revenue: $8.8M. Assets: $36.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Monadnock Affordable Housing Corporation?
The Employer Identification Number (EIN) for Monadnock Affordable Housing Corporation is 20511413. 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 Monadnock Affordable Housing Corporation spend its money?
Monadnock Affordable Housing Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Monadnock Affordable Housing Corporation's tax-exempt status?
You can verify Monadnock Affordable Housing Corporation's tax-exempt status using EIN 20511413 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
Monadnock Affordable Housing Corporation demonstrates strong financial health and a consistent commitment to its mission of providing affordable housing. Over the past decade, the organization has shown remarkable growth in both revenue and assets, with total assets increasing from $21.8 million in 2014 to $34.8 million in 2023. This growth indicates effective financial management and an expanding capacity to serve its community. The organization consistently operates with a surplus, as seen in 2023 where revenue of $7,471,352 significantly exceeded expenses of $5,641,748, allowing for reinvestment and asset accumulation.
The organization's spending efficiency appears robust, particularly given its NTEE code (L20 - Housing, Shelter). While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent operational surpluses suggest that a significant portion of funds are directed towards mission-related activities or reinvested into housing assets. The absence of reported officer compensation across all available filings is a notable indicator of potential efficiency and a focus on mission over executive pay, though it could also imply compensation is reported differently or through related entities.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a positive sign. The lack of reported officer compensation, while potentially a strength, also warrants further investigation to understand the full compensation structure if any key management personnel are compensated through other means. Overall, the financial data points to a well-managed and financially stable organization dedicated to its stated purpose.