Is North General Aids Housing Development Fund Corporation Legit?
Quick charity verification for North General Aids Housing Development Fund Corporation (EIN: 133737001)
Verdict: North General Aids Housing Development Fund Corporation shows mixed signals
65/100Mission Score
$1.8MRevenue
$3.6MAssets
2Red Flags
3Strengths
Red Flags
Consistent liabilities exceeding assets, indicating potential long-term financial risk or significant debt burden (e.g., 202306 liabilities $4,155,565 vs. assets $3,077,776).
Lack of clarity on how executive functions are compensated given 0% reported officer compensation, which could obscure true administrative costs.
Strengths
Consistent revenue generation, generally covering annual expenses in recent periods (e.g., 202306 revenue $1,343,691 vs. expenses $1,296,077).
Long history of IRS 990 filings (14 filings), indicating a commitment to transparency and compliance.
Stable asset base over several years, suggesting consistent operational capacity.
Spending Breakdown
How North General Aids Housing Development Fund Corporation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 North General Aids Housing Development Fund Corporation
Is North General Aids Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, North General Aids Housing Development Fund Corporation (EIN: 133737001) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is North General Aids Housing Development Fund Corporation a good charity to donate to?
North General Aids Housing Development Fund Corporation has a Mission Score of 65/100. Revenue: $1.8M. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for North General Aids Housing Development Fund Corporation?
The Employer Identification Number (EIN) for North General Aids Housing Development Fund Corporation is 133737001. 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 North General Aids Housing Development Fund Corporation spend its money?
North General Aids Housing Development Fund Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify North General Aids Housing Development Fund Corporation's tax-exempt status?
You can verify North General Aids Housing Development Fund Corporation's tax-exempt status using EIN 133737001 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
North General Aids Housing Development Fund Corporation demonstrates consistent operational activity, with revenues and expenses generally in the range of $1 million to $1.3 million over the past several years. The organization has maintained a stable asset base, hovering around $3 million to $3.6 million. A notable aspect of its financial structure is the consistently high level of liabilities, which have frequently exceeded assets, indicating a reliance on debt or other obligations. For instance, in 202306, assets were $3,077,776 while liabilities were $4,155,565. This financial structure warrants closer examination to understand its long-term sustainability.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 14 filings available. The reported 0% officer compensation across all available filings suggests either a volunteer-led executive team or that compensation is reported under different categories, which would require further clarification for a complete understanding of administrative costs. While the data provided does not detail the breakdown of expenses into program, administrative, and fundraising, the consistent reporting of total expenses allows for an assessment of overall spending trends relative to revenue.
Overall, the organization appears to be financially stable in terms of its operational scale, consistently generating revenue to cover most, if not all, of its expenses in recent years (e.g., 202306 revenue of $1,343,691 against expenses of $1,296,077). However, the persistent asset-liability imbalance is a significant financial characteristic that could impact its long-term financial health and flexibility. Further details on the nature of these liabilities would be crucial for a comprehensive financial assessment.