Quick charity verification for Monticello Homes For Elderly Inc (EIN: 204420636)
Verdict: Monticello Homes For Elderly Inc shows mixed signals
55/100Mission Score
$79KRevenue
$1.0MAssets
4Red Flags
2Strengths
Red Flags
Consistent operating deficits (e.g., $55,251 in 2024)
Liabilities consistently exceed assets (e.g., $1,516,012 liabilities vs. $1,092,729 assets in 2024)
Declining asset base over time (from $1,373,514 in 2015 to $1,092,729 in 2024)
Negative net asset position
Strengths
No officer compensation reported, indicating volunteer leadership or very low executive overhead.
Clear mission focus on housing for the elderly (NTEE L22).
Spending Breakdown
How Monticello Homes For Elderly Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
20%
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 Monticello Homes For Elderly Inc
Is Monticello Homes For Elderly Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Monticello Homes For Elderly Inc (EIN: 204420636) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
Is Monticello Homes For Elderly Inc a good charity to donate to?
Monticello Homes For Elderly Inc has a Mission Score of 55/100. Revenue: $79K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Monticello Homes For Elderly Inc?
The Employer Identification Number (EIN) for Monticello Homes For Elderly Inc is 204420636. 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 Monticello Homes For Elderly Inc spend its money?
Monticello Homes For Elderly Inc allocates 80% to programs, 20% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Monticello Homes For Elderly Inc's tax-exempt status?
You can verify Monticello Homes For Elderly Inc's tax-exempt status using EIN 204420636 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
Monticello Homes For Elderly Inc, operating in Morristown, TN, appears to be in a challenging financial position. For the period ending March 2024, the organization reported revenues of $75,279 against expenses of $130,530, indicating a significant operating deficit of $55,251. This trend of expenses consistently exceeding revenue has been observed across multiple years, leading to a gradual decline in assets from $1,373,514 in 2015 to $1,092,729 in 2024.
The organization's liabilities have consistently exceeded its assets, with liabilities reaching $1,516,012 in 2024 compared to assets of $1,092,729. This suggests a potential solvency issue. While the NTEE code L22 (Housing for the Elderly) indicates a clear program focus, the sustained operational losses raise concerns about the long-term sustainability of its services. The absence of officer compensation reported across all filings suggests a commitment to minimizing administrative overhead in that specific area, which is a positive aspect of its financial management.
However, without a detailed breakdown of expenses (program, administrative, fundraising) in the provided data, it's difficult to fully assess spending efficiency. The consistent operating deficits and the negative net asset position are significant financial challenges that warrant closer examination to understand their impact on the organization's ability to fulfill its mission.