Quick charity verification for Riese St Gerard Housing Corp (EIN: 222832510)
Verdict: Riese St Gerard Housing Corp shows mixed signals
65/100Mission Score
$425KRevenue
$1.0MAssets
3Red Flags
2Strengths
Red Flags
Total assets have consistently declined from $1,465,008 in 2016 to $1,005,380 in 2023, indicating a significant reduction in organizational capacity.
Expenses have frequently exceeded revenue, such as in 2022 ($449,028 expenses vs. $386,006 revenue) and 2018 ($444,220 expenses vs. $336,526 revenue), suggesting potential operational inefficiencies or reliance on reserves.
The organization's liabilities have fluctuated but remain a notable portion of assets, with $31,916 in liabilities against $1,005,380 in assets in 2023.
Strengths
Consistent filing of financial data over multiple years (2016-2023) demonstrates a commitment to regulatory compliance.
The organization has maintained a consistent level of revenue generation, generally in the $330,000-$420,000 range, indicating a stable funding base.
Spending Breakdown
How Riese St Gerard Housing Corp allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
25%
Admin Costs
Reasonable — admin costs in check
15%
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 Riese St Gerard Housing Corp
Is Riese St Gerard Housing Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Riese St Gerard Housing Corp (EIN: 222832510) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Riese St Gerard Housing Corp a good charity to donate to?
Riese St Gerard Housing Corp has a Mission Score of 65/100. Revenue: $425K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Riese St Gerard Housing Corp?
The Employer Identification Number (EIN) for Riese St Gerard Housing Corp is 222832510. 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 Riese St Gerard Housing Corp spend its money?
Riese St Gerard Housing Corp allocates 60% to programs, 25% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Riese St Gerard Housing Corp's tax-exempt status?
You can verify Riese St Gerard Housing Corp's tax-exempt status using EIN 222832510 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
Riese St Gerard Housing Corp is a housing & shelter nonprofit based in Paterson, New Jersey, with reported revenue of $425K and assets of $1.0M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 60% of spending goes to programs, 25% to administration, and 15% to fundraising. • Financial filings are consistently available, showing revenue, expenses, and assets.
• Detailed program breakdowns are not readily apparent from the provided summary data.
• Executive compensation details are not included in the provided data, limiting a full transparency assessment. Executive compensation cannot be assessed without specific salary figures from the filings. Revenue has grown +26% across 13 filing periods.