Is Rios Senior Residence Housing Development Fund Corporation Legit?
Quick charity verification for Rios Senior Residence Housing Development Fund Corporation (EIN: 133738157)
Verdict: Rios Senior Residence Housing Development Fund Corporation appears trustworthy
90/100Mission Score
$1.9MRevenue
$6.4MAssets
1Red Flags
4Strengths
Red Flags
High liabilities relative to assets, though common for housing development funds, warrants further investigation into their nature and repayment terms.
Strengths
No reported officer compensation across all filings, indicating high efficiency in resource allocation.
Consistent financial stability with revenues generally exceeding or closely matching expenses.
Positive trend in assets, suggesting growth and capacity.
Strong program focus, as implied by the nature of a Housing Development Fund Corporation and lack of fundraising expenses.
Spending Breakdown
How Rios Senior Residence Housing Development Fund Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Rios Senior Residence Housing Development Fund Corporation
Is Rios Senior Residence Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rios Senior Residence Housing Development Fund Corporation (EIN: 133738157) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Rios Senior Residence Housing Development Fund Corporation a good charity to donate to?
Rios Senior Residence Housing Development Fund Corporation has a Mission Score of 90/100. Revenue: $1.9M. Assets: $6.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rios Senior Residence Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Rios Senior Residence Housing Development Fund Corporation is 133738157. 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 Rios Senior Residence Housing Development Fund Corporation spend its money?
Rios Senior Residence Housing Development Fund Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rios Senior Residence Housing Development Fund Corporation's tax-exempt status?
You can verify Rios Senior Residence Housing Development Fund Corporation's tax-exempt status using EIN 133738157 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
Rios Senior Residence Housing Development Fund Corporation demonstrates consistent financial activity focused on its mission of providing senior housing. Over the past five years, the organization has maintained stable revenue streams, averaging around $1.8 million annually, with expenses generally aligning closely to revenue. For instance, in 2023, revenue was $1,950,204 against expenses of $1,916,383, indicating efficient management of resources. The organization's assets have shown a gradual increase, from $5,425,383 in 2020 to $6,021,974 in 2023, suggesting financial stability and growth in its capacity to serve.
The organization's spending efficiency appears strong, with a significant portion of its budget likely directed towards program services, given its housing development fund corporation nature and the absence of reported officer compensation. This suggests that operational costs are managed effectively to maximize direct impact. Transparency is high regarding executive compensation, as no officer compensation has been reported across all available filings, which is a positive indicator for a nonprofit of this size. The consistent filing of IRS Form 990s over 13 periods further enhances its transparency profile.