Is Onondaga County Housing Development Fund…

Quick charity verification for Onondaga County Housing Development Fund Company (EIN: 161434280)

Spending Breakdown

How Onondaga County Housing Development Fund Company allocates its funds across programs, administration, and fundraising.

90%

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 Onondaga County Housing Development Fund Company

Is Onondaga County Housing Development Fund Company a legitimate charity?

Based on AI analysis of IRS 990 filings, Onondaga County Housing Development Fund Company (EIN: 161434280) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Onondaga County Housing Development Fund Company a good charity to donate to?

Onondaga County Housing Development Fund Company has a Mission Score of 85/100. Revenue: $3.3M. Assets: $629K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Onondaga County Housing Development Fund Company?

The Employer Identification Number (EIN) for Onondaga County Housing Development Fund Company is 161434280. 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 Onondaga County Housing Development Fund Company spend its money?

Onondaga County Housing Development Fund Company allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Onondaga County Housing Development Fund Company's tax-exempt status?

You can verify Onondaga County Housing Development Fund Company's tax-exempt status using EIN 161434280 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

Onondaga County Housing Development Fund Company demonstrates consistent financial activity with revenues generally matching expenses across all reported periods, indicating a balanced operational budget. The organization's assets and liabilities also consistently match, suggesting a pass-through or highly leveraged operational model, which is common for housing development funds that manage significant project-specific funds. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led executive team or compensation being covered by a related entity, which enhances its spending efficiency from a direct compensation perspective. However, without a detailed functional expense breakdown, it's challenging to fully assess the efficiency of program spending versus administrative overhead.

The organization's revenue has fluctuated significantly, from a low of $141,506 in 2022 to $1,303,031 in 2023, and a latest reported revenue of $3,319,685, suggesting project-based funding cycles. The consistent matching of assets and liabilities across all periods, such as $1,668,833 in both for 2023, implies that most assets are offset by corresponding liabilities, which is typical for entities managing development projects where funds are often earmarked or borrowed. This structure, while financially sound for its specific purpose, means there is little unrestricted net asset growth. The lack of officer compensation directly reported on the 990s contributes positively to its perceived spending efficiency, as no funds are directly allocated to executive salaries from the reported expenses.

Is Onondaga County Housing Development Fund Company Legit?

Verdict: Onondaga County Housing Development Fund Company appears trustworthy

Red Flags

Strengths