Is Retiree Housing Of Worcester Inc Legit?…

Quick charity verification for Retiree Housing Of Worcester Inc (EIN: 117239013)

Spending Breakdown

How Retiree Housing Of Worcester Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Retiree Housing Of Worcester Inc

Is Retiree Housing Of Worcester Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Retiree Housing Of Worcester Inc (EIN: 117239013) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is Retiree Housing Of Worcester Inc a good charity to donate to?

Retiree Housing Of Worcester Inc has a Mission Score of 70/100. Revenue: $436K. Assets: $730K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Retiree Housing Of Worcester Inc?

The Employer Identification Number (EIN) for Retiree Housing Of Worcester Inc is 117239013. 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 Retiree Housing Of Worcester Inc spend its money?

Retiree Housing Of Worcester Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Retiree Housing Of Worcester Inc's tax-exempt status?

You can verify Retiree Housing Of Worcester Inc's tax-exempt status using EIN 117239013 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

Retiree Housing Of Worcester Inc. demonstrates consistent operational activity, with revenues generally exceeding expenses in recent years, such as $589,492 in revenue against $492,308 in expenses in 2023. This indicates a stable financial position for covering its operational costs. However, a significant concern is the organization's substantial and growing liabilities, which reached $1,873,643 in 2023, far outweighing its assets of $822,133. This long-term debt structure warrants closer examination to understand its sustainability and impact on future operations. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean administrative structure, which can be a positive indicator of efficiency and dedication to mission, though it also means less information is available regarding executive oversight costs.

The organization's financial health, while stable in terms of annual operating surplus, is overshadowed by its balance sheet. The declining trend in assets from $1,225,148 in 2014 to $822,133 in 2023, coupled with high liabilities, points to potential long-term solvency issues or a specific financial model that relies heavily on debt. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. However, the absence of officer compensation is a strong positive for administrative cost control. Transparency is good in terms of filing history, but the lack of detailed expense allocation in the provided data limits a complete assessment of spending efficiency.

Overall, Retiree Housing Of Worcester Inc. appears to be managing its annual operations effectively, consistently generating more revenue than expenses in recent periods. The lack of officer compensation is a notable strength in terms of minimizing administrative overhead. However, the significant and persistent imbalance between assets and liabilities, with liabilities consistently exceeding assets by a substantial margin, presents a long-term financial risk that needs careful consideration. Further details on the nature of these liabilities and the organization's strategy for managing them would be crucial for a comprehensive understanding of its financial health.

Is Retiree Housing Of Worcester Inc Legit?

Verdict: Retiree Housing Of Worcester Inc appears trustworthy

Red Flags

Strengths