Is Real Estate Education And Community Housing Inc Legit?
Quick charity verification for Real Estate Education And Community Housing Inc (EIN: 204203798)
Verdict: Real Estate Education And Community Housing Inc appears trustworthy
85/100Mission Score
$1.3MRevenue
$2.8MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further clarification.
Significant liabilities consistently over $2 million in recent years, though offset by assets.
Strengths
Consistent positive net assets, with assets exceeding liabilities in all reported periods (e.g., $3,293,093 assets vs. $2,271,638 liabilities in 202312).
Stable revenue generation, consistently above $1 million in most recent years.
Clear alignment with NTEE code P51 (Housing Development, Construction & Management) and organizational name.
Long history of IRS 990 filings (13 filings), indicating transparency in reporting.
Spending Breakdown
How Real Estate Education And Community Housing 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 Real Estate Education And Community Housing Inc
Is Real Estate Education And Community Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Real Estate Education And Community Housing Inc (EIN: 204203798) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Real Estate Education And Community Housing Inc a good charity to donate to?
Real Estate Education And Community Housing Inc has a Mission Score of 85/100. Revenue: $1.3M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Real Estate Education And Community Housing Inc?
The Employer Identification Number (EIN) for Real Estate Education And Community Housing Inc is 204203798. 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 Real Estate Education And Community Housing Inc spend its money?
Real Estate Education And Community Housing Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Real Estate Education And Community Housing Inc's tax-exempt status?
You can verify Real Estate Education And Community Housing Inc's tax-exempt status using EIN 204203798 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
Real Estate Education And Community Housing Inc (REECH) demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history. In the latest period (202312), the organization reported assets of $3,293,093 against liabilities of $2,271,638, indicating a healthy net asset position. Revenue has fluctuated but remained above $1 million in most recent years, with $1,523,753 in 202312. The organization's spending efficiency appears reasonable, with expenses closely tracking revenue, suggesting a focus on utilizing funds for its mission rather than accumulating excessive reserves. For instance, in 202312, expenses were $1,509,366 against revenues of $1,523,753.
REECH's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable aspect of its financial management is the reported 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or compensation structured in a way that isn't reported as officer compensation on Part VII of the 990. This practice, if truly volunteer-based, could be seen as a significant strength in terms of resource allocation directly to programs. However, without further detail on how leadership is compensated, if at all, it warrants a closer look to ensure sustainability and proper governance. The organization's NTEE code P51 (Housing Development, Construction & Management) aligns with its name, indicating a clear programmatic focus.