Is Nosotros Housing Development Fund Corporation Legit?
Quick charity verification for Nosotros Housing Development Fund Corporation (EIN: 133701038)
Verdict: Nosotros Housing Development Fund Corporation shows mixed signals
65/100Mission Score
$2.1MRevenue
$2.4MAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits, with expenses exceeding revenue in most recent years (e.g., $2,336,870 expenses vs. $2,007,626 revenue in 2023).
Significant decline in total assets over the past decade, from $5,474,645 in 2014 to $2,663,912 in 2023.
Liabilities have fluctuated but remain substantial relative to assets (e.g., $1,129,629 in liabilities in 2023).
Strengths
Consistent reporting of 0% officer compensation, indicating no salaries paid to officers.
Long history of IRS 990 filings (13 filings), demonstrating transparency.
Maintains a significant asset base, providing some financial cushion despite deficits.
Spending Breakdown
How Nosotros 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 Nosotros Housing Development Fund Corporation
Is Nosotros Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Nosotros Housing Development Fund Corporation (EIN: 133701038) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Nosotros Housing Development Fund Corporation a good charity to donate to?
Nosotros Housing Development Fund Corporation has a Mission Score of 65/100. Revenue: $2.1M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nosotros Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Nosotros Housing Development Fund Corporation is 133701038. 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 Nosotros Housing Development Fund Corporation spend its money?
Nosotros 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 Nosotros Housing Development Fund Corporation's tax-exempt status?
You can verify Nosotros Housing Development Fund Corporation's tax-exempt status using EIN 133701038 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
Nosotros Housing Development Fund Corporation exhibits a consistent pattern of operating deficits, with expenses exceeding revenue in most recent years. For example, in 2023, expenses were $2,336,870 against revenues of $2,007,626, indicating a deficit of over $300,000. This trend is concerning for long-term financial sustainability, as it has led to a gradual decline in assets from a peak of $5,474,645 in 2014 to $2,663,912 in 2023. While the organization's NTEE code L800 suggests a focus on housing development, the consistent operating losses raise questions about the efficiency of its financial model.
The organization's transparency is commendable regarding executive compensation, as it consistently reports 0% officer compensation across all available filings. This indicates that no salaries are paid to officers, which is a strong positive for donor confidence. However, the persistent deficits and declining asset base warrant closer scrutiny into the allocation of its expenses to understand if program delivery is being impacted or if the organization is drawing down reserves to cover operational costs.
Despite the financial challenges, the organization maintains a significant asset base relative to its annual revenue, with $2,663,912 in assets against $2,007,626 in revenue in 2023. This suggests some financial cushion, though it has been eroding. The consistent reporting of financial data over 13 periods demonstrates a commitment to transparency, even as the financial health shows signs of strain.