Is Northeastern Conference House Housing…

Quick charity verification for Northeastern Conference House Housing Development Fund Co Inc (EIN: 112574893)

Red Flags

Consistent operational deficits: Expenses have exceeded revenue in every reported year since 2016, indicating an unsustainable financial model.
Declining asset base: Assets have decreased from $7,379,935 in 2018 to $5,103,924 in 2023, suggesting a depletion of resources.
High liabilities relative to assets: Liabilities consistently far outweigh assets (e.g., $9,615,891 liabilities vs. $5,103,924 assets in 2023), indicating significant financial risk.
Negative revenue in earlier periods: The 2013 filing shows negative revenue of $-59,491, which is highly unusual and concerning.

Spending Breakdown

How Northeastern Conference House Housing Development Fund Co Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Northeastern Conference House Housing Development Fund Co Inc

Is Northeastern Conference House Housing Development Fund Co Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Northeastern Conference House Housing Development Fund Co Inc (EIN: 112574893) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.

Is Northeastern Conference House Housing Development Fund Co Inc a good charity to donate to?

Northeastern Conference House Housing Development Fund Co Inc has a Mission Score of 45/100. Revenue: $2.1M. Assets: $4.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Northeastern Conference House Housing Development Fund Co Inc?

The Employer Identification Number (EIN) for Northeastern Conference House Housing Development Fund Co Inc is 112574893. 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 Northeastern Conference House Housing Development Fund Co Inc spend its money?

Northeastern Conference House Housing Development Fund Co Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Northeastern Conference House Housing Development Fund Co Inc's tax-exempt status?

You can verify Northeastern Conference House Housing Development Fund Co Inc's tax-exempt status using EIN 112574893 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

Northeastern Conference House Housing Development Fund Co Inc exhibits a concerning financial trend, consistently operating at a deficit over the past several years. For instance, in 2023, expenses of $2,426,512 significantly outstripped revenue of $2,007,710, resulting in a deficit of over $400,000. This pattern is not isolated, with similar deficits observed in prior years, such as 2022 (expenses $2,247,538 vs. revenue $2,108,250) and 2021 (expenses $2,248,938 vs. revenue $1,901,457). The organization's assets have also been steadily declining, from $7,379,935 in 2018 to $5,103,924 in 2023, while liabilities remain high, indicating potential long-term financial instability.

The organization's NTEE code L21Z suggests a focus on housing development, which often involves significant capital and operational costs. However, the consistent operational losses and declining asset base raise questions about the sustainability of its current financial model. While the filings indicate 0% officer compensation, which is a positive sign for resource allocation, the overall financial health appears precarious due to persistent deficits and a high liability-to-asset ratio. Further details on program spending versus administrative and fundraising costs would be necessary for a complete assessment of spending efficiency, as this information is not explicitly provided in the summary data.

From a transparency perspective, the consistent filing of IRS Form 990s over 12 periods demonstrates a commitment to public disclosure. However, the financial data itself points to an organization struggling to maintain solvency. The significant liabilities, which have consistently exceeded assets for many years (e.g., $9,615,891 in liabilities vs. $5,103,924 in assets in 2023), suggest a heavy reliance on debt or other obligations, which could impact its ability to fulfill its mission effectively in the long run.

Is Northeastern Conference House Housing Development Fund Co Inc Legit?

Verdict: Northeastern Conference House Housing Development Fund Co Inc shows mixed signals