Is Notre Dame Housing Development Fund Company Inc Legit?

Quick charity verification for Notre Dame Housing Development Fund Company Inc (EIN: 133222083)

Verdict: Notre Dame Housing Development Fund Company Inc appears trustworthy

85/100Mission Score

$1.9MRevenue

$3.2MAssets

3Red Flags

3Strengths

Red Flags

Consistent liabilities significantly exceeding assets, e.g., $6,157,374 in liabilities vs. $3,272,866 in assets in 2023.
Consistent net deficits in recent years, such as expenses of $2,007,813 against revenues of $1,687,076 in 2023.
Declining trend in total assets from $4,076,010 in 2017 to $3,272,866 in 2023.

Strengths

Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
Long operational history with 13 filings, suggesting stability and experience in its mission.
Revenues generally align closely with expenses, demonstrating operational control despite some deficits.

Spending Breakdown

How Notre Dame Housing Development Fund Company Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

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 Notre Dame Housing Development Fund Company Inc

Is Notre Dame Housing Development Fund Company Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Notre Dame Housing Development Fund Company Inc (EIN: 133222083) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.

Is Notre Dame Housing Development Fund Company Inc a good charity to donate to?

Notre Dame Housing Development Fund Company Inc has a Mission Score of 85/100. Revenue: $1.9M. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Notre Dame Housing Development Fund Company Inc?

The Employer Identification Number (EIN) for Notre Dame Housing Development Fund Company Inc is 133222083. 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 Notre Dame Housing Development Fund Company Inc spend its money?

Notre Dame Housing Development Fund Company Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Notre Dame Housing Development Fund Company Inc's tax-exempt status?

You can verify Notre Dame Housing Development Fund Company Inc's tax-exempt status using EIN 133222083 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

Notre Dame Housing Development Fund Company Inc. demonstrates consistent operational activity, with revenues and expenses generally in a similar range over the past decade. For instance, in 2023, the organization reported revenues of $1,687,076 against expenses of $2,007,813, indicating a deficit for that period. While the organization's assets have seen a gradual decline from $4,076,010 in 2017 to $3,272,866 in 2023, its liabilities have remained significantly higher, consistently exceeding assets, which warrants attention. The consistent reporting of 0% officer compensation across all available filings suggests a lean administrative structure regarding executive pay, contributing positively to its transparency and efficiency profile.

The organization's financial health appears stable in terms of its ability to generate revenue close to its expenses, although the consistent net deficits in several recent years (e.g., 2023, 2022, 2019) suggest it is operating on tight margins. The high liabilities relative to assets, such as $6,157,374 in liabilities against $3,272,866 in assets in 2023, indicate a reliance on debt or long-term obligations, which is common for housing development funds but still a key financial metric to monitor. The lack of reported officer compensation is a strong indicator of efficient use of funds at the executive level.

Overall, Notre Dame Housing Development Fund Company Inc. appears to be a transparent organization, particularly concerning executive compensation. Its spending efficiency, while showing some deficits, generally keeps expenses close to revenues. The primary area for further scrutiny would be the long-term trend of declining assets and persistently high liabilities, which could impact future operational flexibility.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.