Is Providence Master Homeowners Association Legit?
Quick charity verification for Providence Master Homeowners Association (EIN: 200794474)
Verdict: Providence Master Homeowners Association appears trustworthy
85/100Mission Score
$3.5MRevenue
$6.9MAssets
2Red Flags
4Strengths
Red Flags
Significant increase in liabilities from $1,630,481 in 2021 to $3,313,381 in 2023, warranting further investigation into their nature.
Occasional years where expenses exceed revenue, such as in 2023 and 2020, which could indicate reliance on reserves or future revenue adjustments.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for operational purposes.
Healthy growth in assets from $3,203,236 in 2021 to $5,831,227 in 2023, demonstrating financial stability.
Long history of IRS 990 filings (11 filings), indicating good transparency and compliance.
Overall stable revenue and expense patterns over the past decade, suggesting sound financial management.
Spending Breakdown
How Providence Master Homeowners Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Providence Master Homeowners Association
Is Providence Master Homeowners Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Providence Master Homeowners Association (EIN: 200794474) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Providence Master Homeowners Association a good charity to donate to?
Providence Master Homeowners Association has a Mission Score of 85/100. Revenue: $3.5M. Assets: $6.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Providence Master Homeowners Association?
The Employer Identification Number (EIN) for Providence Master Homeowners Association is 200794474. 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 Providence Master Homeowners Association spend its money?
Providence Master Homeowners Association allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Providence Master Homeowners Association's tax-exempt status?
You can verify Providence Master Homeowners Association's tax-exempt status using EIN 200794474 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
Providence Master Homeowners Association demonstrates consistent financial activity typical of a homeowners association, with revenues and expenses generally in balance over the past decade. For instance, in 2023, expenses of $2,815,935 slightly exceeded revenues of $2,669,586, resulting in a minor deficit. The organization's assets have shown growth, increasing from $3,203,236 in 2021 to $5,831,227 in 2023, indicating a healthy accumulation of resources. Liabilities have also fluctuated, reaching a high of $3,313,381 in 2023, which is a significant portion of its assets, suggesting potential debt or deferred revenue obligations.
The organization's financial health appears stable, with sufficient assets to cover its liabilities, although the increasing trend in liabilities warrants attention. The absence of reported officer compensation across all filings suggests that executive leadership may be volunteer-based or compensated through a management company, which is common for HOAs. This practice can contribute to operational efficiency by reducing direct salary expenses. However, without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency across programs, administration, and fundraising.
Transparency is generally good given the consistent filing of IRS Form 990s. The consistent reporting of zero officer compensation is a positive indicator for an HOA, as it suggests that the organization is not burdened by high executive salaries. However, a more granular breakdown of expenses beyond what is typically available in a summary 990 would provide deeper insights into how funds are allocated to maintain and improve the community.