Quick charity verification for Sebco Housing Development Fund (EIN: 133180527)
Verdict: Sebco Housing Development Fund shows mixed signals
45/100Mission Score
$1.7MRevenue
$1.5MAssets
4Red Flags
2Strengths
Red Flags
Consistent negative revenues in multiple past years (e.g., 2014-2020)
Liabilities significantly and consistently exceed assets (e.g., $5.68M liabilities vs. $1.82M assets in 2023)
No reported officer compensation despite significant revenue, raising transparency concerns
Significant decrease in assets from $3.97M in 2014 to $1.82M in 2023
Strengths
Recent years (2021-2023) show positive revenue generation
Mission-aligned NTEE code (L210 - Housing Development, Construction & Management)
Spending Breakdown
How Sebco Housing Development Fund allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Sebco Housing Development Fund
Is Sebco Housing Development Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Sebco Housing Development Fund (EIN: 133180527) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Sebco Housing Development Fund a good charity to donate to?
Sebco Housing Development Fund has a Mission Score of 45/100. Revenue: $1.7M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sebco Housing Development Fund?
The Employer Identification Number (EIN) for Sebco Housing Development Fund is 133180527. 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 Sebco Housing Development Fund spend its money?
Sebco Housing Development Fund allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sebco Housing Development Fund's tax-exempt status?
You can verify Sebco Housing Development Fund's tax-exempt status using EIN 133180527 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
Sebco Housing Development Fund exhibits a concerning financial trend with consistent negative revenues in several past years (e.g., -$227,584 in 2020 and -$411,989 in 2019), indicating potential reliance on non-revenue generating activities or significant losses. While recent years (2021-2023) show positive revenues and expenses, the organization's liabilities consistently outweigh its assets by a significant margin, with liabilities reaching $5,682,547 against assets of $1,827,657 in 2023. This suggests a precarious financial position and potential long-term solvency issues.
The absence of reported officer compensation across all available filings indicates either a volunteer-led executive team or compensation being reported under other expense categories, which could impact transparency regarding leadership costs. The NTEE code L210 (Housing Development, Construction & Management) aligns with their mission, but the financial data raises questions about the efficiency and sustainability of their operations given the historical revenue deficits and high liabilities. Further detail on expense allocation would be needed to fully assess spending efficiency, as the provided data only includes total expenses.