Is New Destiny Housing Corporation Legit? —…

Quick charity verification for New Destiny Housing Corporation (EIN: 133778489)

Strengths

Consistent reporting of 0% officer compensation, indicating high dedication of resources to programs.
Significant and consistent growth in revenue and assets over the past five years, demonstrating financial stability and expansion.
Expenses consistently align with or are slightly below revenue, indicating sound financial management and avoiding significant deficits.
High transparency with 14 consistent IRS 990 filings.
Strong asset base ($16,061,459 in 202406) relative to liabilities ($2,035,603 in 202406), indicating financial resilience.

Spending Breakdown

How New Destiny Housing Corporation allocates its funds across programs, administration, and fundraising.

100%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 New Destiny Housing Corporation

Is New Destiny Housing Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, New Destiny Housing Corporation (EIN: 133778489) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is New Destiny Housing Corporation a good charity to donate to?

New Destiny Housing Corporation has a Mission Score of 95/100. Revenue: $11.5M. Assets: $16.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for New Destiny Housing Corporation?

The Employer Identification Number (EIN) for New Destiny Housing Corporation is 133778489. 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 New Destiny Housing Corporation spend its money?

New Destiny Housing Corporation allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify New Destiny Housing Corporation's tax-exempt status?

You can verify New Destiny Housing Corporation's tax-exempt status using EIN 133778489 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

New Destiny Housing Corporation demonstrates strong financial health and a clear commitment to its mission, as evidenced by its consistent program spending. In the latest filing (202406), the organization reported total expenses of $10,731,611 against revenues of $10,789,755, indicating responsible financial management. Over the past five years, the organization has shown significant growth in both revenue and assets, with assets increasing from $11,293,009 in 202006 to $16,061,459 in 202406, suggesting effective asset management and expansion of its capacity.

The organization's spending efficiency is commendable, with a high proportion of expenses directed towards program services. This is further supported by the consistent reporting of 0% officer compensation across all available filings, which enhances its transparency and signals that resources are primarily allocated to direct services rather than executive salaries. The stable growth in revenue and assets, coupled with controlled liabilities, indicates a sustainable financial model.

New Destiny Housing Corporation's consistent filing of IRS Form 990s over 14 periods, with detailed financial disclosures, reflects a high level of transparency. The absence of reported officer compensation is a significant positive indicator for donors and stakeholders seeking assurance that their contributions are directly supporting the organization's mission to provide housing solutions. Overall, the financial data suggests a well-managed and transparent organization effectively utilizing its resources.

Is New Destiny Housing Corporation Legit?

Verdict: New Destiny Housing Corporation appears trustworthy

Red Flags