Is Rochester Housing Development Fund Corporation Legit?
Quick charity verification for Rochester Housing Development Fund Corporation (EIN: 161607165)
Verdict: Rochester Housing Development Fund Corporation appears trustworthy
95/100Mission Score
$5.2MRevenue
$5.4MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating strong financial stewardship.
Revenues consistently match expenses, suggesting efficient operations and direct application of funds to mission.
Long and consistent filing history (13 filings), demonstrating sustained operations and transparency.
Stable asset base, indicating capacity to undertake housing development projects.
Spending Breakdown
How Rochester 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 Rochester Housing Development Fund Corporation
Is Rochester Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rochester Housing Development Fund Corporation (EIN: 161607165) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
Is Rochester Housing Development Fund Corporation a good charity to donate to?
Rochester Housing Development Fund Corporation has a Mission Score of 95/100. Revenue: $5.2M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rochester Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Rochester Housing Development Fund Corporation is 161607165. 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 Rochester Housing Development Fund Corporation spend its money?
Rochester 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 Rochester Housing Development Fund Corporation's tax-exempt status?
You can verify Rochester Housing Development Fund Corporation's tax-exempt status using EIN 161607165 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
Rochester Housing Development Fund Corporation demonstrates consistent financial activity, with revenues closely matching expenses across its filing history. For example, in the 202403 period, revenue was $2,505,749 against expenses of $2,517,677, indicating a lean operational model with minimal surplus or deficit. The organization's assets have fluctuated, reaching a high of $8,019,448 in 201503 and currently standing at $6,673,945 in 202403, with liabilities consistently close to assets, suggesting a reliance on debt or restricted funds for its operations. This close alignment of assets and liabilities is typical for housing development funds that often manage significant project-related debt.
The organization appears to be efficient in its spending, as evidenced by the tight correlation between revenue and expenses, which suggests that funds are being deployed directly into its mission-related activities rather than accumulating large reserves or incurring significant deficits. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing resources towards programs. This practice significantly reduces overhead and enhances the perception of donor trust.
Overall, Rochester Housing Development Fund Corporation exhibits a stable financial profile with a strong emphasis on program delivery, as implied by its operational efficiency and lack of executive compensation. Its consistent filing history and the close balance of income and expenditures point to a well-managed organization focused on its housing development mission. The absence of officer compensation further reinforces its commitment to maximizing programmatic impact.