Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes full spending efficiency assessment difficult.
Gradual decline in assets from $6,731,842 in 2016 to $5,689,480 currently, while liabilities remain high.
Strengths
Consistent revenue generation, averaging approximately $2.8 million annually over the past five years.
Reported 0% officer compensation across all filings, suggesting a highly lean or volunteer-driven executive structure.
Stable financial operations with expenses generally in line with revenue, avoiding significant deficits in most years.
Spending Breakdown
How Seagirt Housing Development Fund Corp allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Seagirt Housing Development Fund Corp
Is Seagirt Housing Development Fund Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Seagirt Housing Development Fund Corp (EIN: 133173810) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Seagirt Housing Development Fund Corp a good charity to donate to?
Seagirt Housing Development Fund Corp has a Mission Score of 75/100. Revenue: $2.8M. Assets: $5.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seagirt Housing Development Fund Corp?
The Employer Identification Number (EIN) for Seagirt Housing Development Fund Corp is 133173810. 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 Seagirt Housing Development Fund Corp spend its money?
Seagirt Housing Development Fund Corp allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seagirt Housing Development Fund Corp's tax-exempt status?
You can verify Seagirt Housing Development Fund Corp's tax-exempt status using EIN 133173810 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
Seagirt Housing Development Fund Corp demonstrates consistent revenue generation, averaging around $2.8 million annually over the past five years, with the latest reported revenue at $2,820,866. The organization's assets have remained relatively stable, currently at $5,689,480, though they have seen a gradual decline from a high of $6,731,842 in 2016. A significant concern is the persistent and substantial liabilities, which have consistently exceeded assets, indicating a potentially leveraged financial structure. For instance, in 2019, liabilities were $9,277,003 against assets of $5,824,774.
The organization appears to operate with a lean administrative structure, as indicated by the 0% officer compensation reported across all available filings. This suggests a strong focus on directing funds towards its mission. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency across programs, administration, and fundraising. The consistent reporting of 0% officer compensation across all filings is a positive indicator of transparency regarding executive pay.
Overall, while Seagirt Housing Development Fund Corp maintains a stable revenue stream and appears to manage executive compensation responsibly, the high level of liabilities relative to assets warrants closer examination to understand the long-term financial stability and risk profile. Further transparency on the allocation of expenses would provide a clearer picture of its operational efficiency.