Is Rangeley Housing Development Corporation Legit?
Quick charity verification for Rangeley Housing Development Corporation (EIN: 10369255)
Verdict: Rangeley Housing Development Corporation appears trustworthy
70/100Mission Score
$406KRevenue
$556KAssets
2Red Flags
3Strengths
Red Flags
Consistent decline in total assets over the past decade (from $1,014,737 in 201403 to $610,877 in 202303).
Liabilities consistently exceed total assets, indicating a potentially high debt burden or reliance on external financing (e.g., $1,204,477 liabilities vs. $610,877 assets in 202303).
Strengths
Consistent operational revenue generation that generally covers annual expenses (e.g., $414,751 revenue vs. $407,275 expenses in 202303).
Zero officer compensation reported across all filings, indicating efficient use of funds in this area.
Consistent filing of IRS Form 990s over 12 periods, demonstrating good financial transparency.
Spending Breakdown
How Rangeley Housing Development Corporation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Rangeley Housing Development Corporation
Is Rangeley Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rangeley Housing Development Corporation (EIN: 10369255) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Rangeley Housing Development Corporation a good charity to donate to?
Rangeley Housing Development Corporation has a Mission Score of 70/100. Revenue: $406K. Assets: $556K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rangeley Housing Development Corporation?
The Employer Identification Number (EIN) for Rangeley Housing Development Corporation is 10369255. 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 Rangeley Housing Development Corporation spend its money?
Rangeley Housing Development Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rangeley Housing Development Corporation's tax-exempt status?
You can verify Rangeley Housing Development Corporation's tax-exempt status using EIN 10369255 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
Rangeley Housing Development Corporation demonstrates consistent operational activity, with revenues and expenses generally in a similar range over the past decade. In the latest period (202303), the organization reported revenues of $414,751 against expenses of $407,275, indicating a slight surplus. However, a notable trend is the consistent decline in assets, from $1,014,737 in 201403 to $610,877 in 202303, while liabilities have remained relatively high and stable, often exceeding assets. This suggests a reliance on debt or long-term obligations to finance operations or assets, which warrants closer examination.
The organization's financial health appears stable in terms of covering annual expenses with revenues, but the long-term asset decline and high liabilities are a concern. The consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing administrative overhead in this area, which is a positive sign for spending efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is limited. The consistent filing of IRS Form 990s over 12 periods demonstrates good transparency in financial reporting.