Is Naugatuck Valley Housing Development Corporation Legit?
Quick charity verification for Naugatuck Valley Housing Development Corporation (EIN: 222898850)
Verdict: Naugatuck Valley Housing Development Corporation shows mixed signals
65/100Mission Score
$25KRevenue
$68KAssets
3Red Flags
3Strengths
Red Flags
Lack of detailed program information makes it difficult to assess direct impact.
Consistent reporting of $0 executive compensation may mask indirect compensation or volunteer-only leadership, requiring clarification.
Revenue and asset growth have been modest over the past several years, suggesting limited expansion.
Strengths
Consistent financial reporting over many years demonstrates operational stability.
Low administrative and fundraising percentages (12% and 10% respectively) suggest efficient use of funds.
The organization maintains a positive asset balance, indicating financial solvency.
Spending Breakdown
How Naugatuck Valley Housing Development Corporation allocates its funds across programs, administration, and fundraising.
78%
Program Spending
Healthy — majority goes to mission
12%
Admin Costs
Reasonable — admin costs in check
10%
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 Naugatuck Valley Housing Development Corporation
Is Naugatuck Valley Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Naugatuck Valley Housing Development Corporation (EIN: 222898850) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Naugatuck Valley Housing Development Corporation a good charity to donate to?
Naugatuck Valley Housing Development Corporation has a Mission Score of 65/100. Revenue: $25K. Assets: $68K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Naugatuck Valley Housing Development Corporation?
The Employer Identification Number (EIN) for Naugatuck Valley Housing Development Corporation is 222898850. 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 Naugatuck Valley Housing Development Corporation spend its money?
Naugatuck Valley Housing Development Corporation allocates 78% to programs, 12% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Naugatuck Valley Housing Development Corporation's tax-exempt status?
You can verify Naugatuck Valley Housing Development Corporation's tax-exempt status using EIN 222898850 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
Naugatuck Valley Housing Development Corporation is a unknown nonprofit based in Wolcott, Connecticut, with reported revenue of $25K and assets of $68K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 78% of spending goes to programs, 12% to administration, and 10% to fundraising. Executive compensation is reported as $0 across all available filings, indicating either volunteer leadership or compensation is covered by another entity, which warrants further investigation. Revenue has declined -41% across 13 filing periods.