Is Selk Housing Development Fund Company…

Quick charity verification for Selk Housing Development Fund Company Inc (EIN: 133230516)

Red Flags

Significant and growing negative net assets (Liabilities consistently exceed Assets, e.g., $6,936,454 liabilities vs. $2,718,833 assets in 2023).
Consistent decline in total assets over the past decade (from $5.1M in 2014 to $2.7M in 2023).
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency analysis.
Unclear executive compensation reporting (0% officer compensation reported, but leadership costs must exist).

Spending Breakdown

How Selk Housing Development Fund Company Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Selk Housing Development Fund Company Inc

Is Selk Housing Development Fund Company Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Selk Housing Development Fund Company Inc (EIN: 133230516) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.

Is Selk Housing Development Fund Company Inc a good charity to donate to?

Selk Housing Development Fund Company Inc has a Mission Score of 55/100. Revenue: $1.8M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Selk Housing Development Fund Company Inc?

The Employer Identification Number (EIN) for Selk Housing Development Fund Company Inc is 133230516. 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 Selk Housing Development Fund Company Inc spend its money?

Selk Housing Development Fund Company Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Selk Housing Development Fund Company Inc's tax-exempt status?

You can verify Selk Housing Development Fund Company Inc's tax-exempt status using EIN 133230516 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

Selk Housing Development Fund Company Inc. demonstrates consistent revenue generation, averaging around $1.5 million annually over the past decade, with the latest reported revenue at $1,702,592. The organization consistently spends close to its revenue, indicating that funds are being utilized for its operations rather than accumulating large surpluses. However, a significant concern is the persistent and growing negative net asset position, with liabilities consistently exceeding assets. For example, in 2023, assets were $2,718,833 while liabilities stood at $6,936,454, indicating a substantial deficit. This trend suggests potential long-term financial instability or a reliance on debt financing that needs further investigation.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent expenditure levels relative to revenue suggest a stable operational footprint. The absence of reported officer compensation across all filings indicates either a volunteer-led executive team or compensation being reported under other expense categories, which could impact transparency regarding leadership costs. The declining asset base over the past decade, from $5,178,108 in 2014 to $2,718,833 in 2023, coupled with high liabilities, warrants closer scrutiny into the organization's asset management and long-term financial strategy.

Is Selk Housing Development Fund Company Inc Legit?

Verdict: Selk Housing Development Fund Company Inc shows mixed signals