Is Ndc Housing And Economic Development Corporation Legit?
Quick charity verification for Ndc Housing And Economic Development Corporation (EIN: 112933129)
Verdict: Ndc Housing And Economic Development Corporation appears trustworthy
75/100Mission Score
$13.3MRevenue
$44.2MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, hindering full spending efficiency analysis.
Consistent 0% officer compensation reported, which may obscure actual leadership costs if compensated through other means.
Strengths
Consistent revenue growth over the past decade, from $7.7M in 2013 to $13.2M in 2022.
Significant asset accumulation, increasing from $16.7M in 2013 to $30.2M in 2022.
Generally positive net income (revenue exceeding expenses) in most filing periods, indicating sound financial management.
Long filing history (12 filings) suggests established operations and consistent reporting.
Spending Breakdown
How Ndc Housing And Economic Development Corporation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Ndc Housing And Economic Development Corporation
Is Ndc Housing And Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ndc Housing And Economic Development Corporation (EIN: 112933129) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Ndc Housing And Economic Development Corporation a good charity to donate to?
Ndc Housing And Economic Development Corporation has a Mission Score of 75/100. Revenue: $13.3M. Assets: $44.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ndc Housing And Economic Development Corporation?
The Employer Identification Number (EIN) for Ndc Housing And Economic Development Corporation is 112933129. 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 Ndc Housing And Economic Development Corporation spend its money?
Ndc Housing And Economic Development Corporation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ndc Housing And Economic Development Corporation's tax-exempt status?
You can verify Ndc Housing And Economic Development Corporation's tax-exempt status using EIN 112933129 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
Ndc Housing And Economic Development Corporation demonstrates a consistent pattern of financial growth and stability over the past decade. In the latest filing (202212), the organization reported revenue of $13,208,840 against expenses of $11,761,090, resulting in a surplus. Assets have also shown significant growth, increasing from $16,700,302 in 2013 to $30,272,835 in 2022, indicating a healthy accumulation of resources. The organization's liabilities have also increased, reaching $13,466,760 in 2022, which warrants monitoring relative to asset growth.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health appears robust with consistent revenue generation exceeding expenses in most years. The absence of reported officer compensation in the provided data suggests either a volunteer-led executive structure or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. Further detailed analysis of the full IRS 990 forms would be necessary to fully assess spending efficiency and the allocation of funds across different functions.
Overall, Ndc Housing And Economic Development Corporation appears to be a financially stable organization with a positive trend in revenue and asset growth. However, the lack of detailed expense breakdowns for program, administrative, and fundraising costs in the provided data limits a comprehensive assessment of spending efficiency and program focus. The consistent reporting of zero officer compensation is a notable point for further investigation into the organization's leadership structure and compensation practices.