Is Project Linkage Housing Development Fund Corporation Legit?
Quick charity verification for Project Linkage Housing Development Fund Corporation (EIN: 133749468)
Verdict: Project Linkage Housing Development Fund Corporation appears trustworthy
80/100Mission Score
$2.2MRevenue
$5.6MAssets
2Red Flags
4Strengths
Red Flags
Consistent high liabilities relative to assets across all periods, suggesting significant debt or long-term obligations.
Historical periods (e.g., 2014-2022) show expenses consistently exceeding revenue, indicating operational deficits before the recent turnaround.
Strengths
Significant revenue growth in recent years, more than doubling from 2019 to 2023.
Positive net income in the latest filing (2023), indicating improved financial management.
Consistent reporting of 0% officer compensation, demonstrating a strong commitment to directing funds to the mission.
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Spending Breakdown
How Project Linkage Housing Development Fund Corporation 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 Project Linkage Housing Development Fund Corporation
Is Project Linkage Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Linkage Housing Development Fund Corporation (EIN: 133749468) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Project Linkage Housing Development Fund Corporation a good charity to donate to?
Project Linkage Housing Development Fund Corporation has a Mission Score of 80/100. Revenue: $2.2M. Assets: $5.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Project Linkage Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Project Linkage Housing Development Fund Corporation is 133749468. 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 Project Linkage Housing Development Fund Corporation spend its money?
Project Linkage Housing Development Fund Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Project Linkage Housing Development Fund Corporation's tax-exempt status?
You can verify Project Linkage Housing Development Fund Corporation's tax-exempt status using EIN 133749468 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
Project Linkage Housing Development Fund Corporation demonstrates a fluctuating but generally improving financial trajectory. While the organization consistently reported expenses exceeding revenue in earlier periods, recent filings show a positive shift. For instance, in 2023, revenue of $2,237,081 significantly outpaced expenses of $1,690,135, indicating a healthier financial position. The organization's assets have also shown growth, reaching $4,732,886 in 2023, though liabilities remain substantial at $7,575,021, suggesting a reliance on debt or long-term obligations. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries.
Spending efficiency appears to be improving, especially with the recent surplus. However, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency is challenging. The NTEE code L21 (Housing Development, Construction & Management) suggests a capital-intensive mission, which could explain the high liabilities. The consistent filing of IRS Form 990s over many years demonstrates a commitment to regulatory compliance and financial transparency.
Overall, Project Linkage Housing Development Fund Corporation appears to be on a more stable financial footing in recent years, marked by increasing revenue and a clear commitment to not compensating officers. The high liabilities warrant further investigation to understand their nature and impact on long-term sustainability, but the recent positive net income is a strong positive indicator.