Quick charity verification for Opelika Housing Development Inc (EIN: 10718296)
Verdict: Opelika Housing Development Inc appears trustworthy
75/100Mission Score
$6.1MRevenue
$23.8MAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the most recent 2023 filing ($5,864,399 vs $5,496,827), indicating a potential short-term financial strain.
Consistent 0% officer compensation across all filings is unusual for an organization of this size and could indicate a lack of transparency in reporting executive remuneration or a unique operational model.
Strengths
Strong and stable asset base, consistently over $20 million, reaching $23,839,098 in the latest period, indicating long-term financial stability.
Consistent revenue generation, generally exceeding $5 million annually in recent years, demonstrating robust funding streams.
Long history of IRS 990 filings (9 filings), indicating a commitment to regulatory compliance and transparency.
Low liabilities relative to assets (e.g., $1,704,008 liabilities vs $23,718,445 assets in 2023), suggesting good financial management and low debt burden.
Spending Breakdown
How Opelika Housing Development 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
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 Opelika Housing Development Inc
Is Opelika Housing Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Opelika Housing Development Inc (EIN: 10718296) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Opelika Housing Development Inc a good charity to donate to?
Opelika Housing Development Inc has a Mission Score of 75/100. Revenue: $6.1M. Assets: $23.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Opelika Housing Development Inc?
The Employer Identification Number (EIN) for Opelika Housing Development Inc is 10718296. 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 Opelika Housing Development Inc spend its money?
Opelika Housing Development Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Opelika Housing Development Inc's tax-exempt status?
You can verify Opelika Housing Development Inc's tax-exempt status using EIN 10718296 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
Opelika Housing Development Inc demonstrates consistent financial operations, with revenues generally exceeding expenses over the past several years, contributing to a stable asset base of over $23 million. For instance, in 2022, revenue was $6,126,841 against expenses of $5,152,728. However, the most recent filing (2023) shows expenses ($5,864,399) slightly exceeding revenue ($5,496,827), indicating a potential shift in financial performance that warrants monitoring. The organization's NTEE code L20 suggests a focus on housing and shelter, which aligns with its name.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with nine filings available. A notable aspect is the reported 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or that compensation is reported under different categories, requiring further investigation for a complete understanding of executive remuneration. The substantial asset base relative to annual revenue indicates a well-established organization with significant capital.
While the overall financial health appears stable with substantial assets, the recent dip into deficit spending in 2023 is a point to watch. The absence of reported officer compensation is a significant factor in assessing transparency and could be interpreted positively as low overhead, or it could indicate a reporting nuance. Further details on program spending versus administrative and fundraising costs would provide a more granular view of spending efficiency.