Is Senior Citizens Housing Development Corporation Of Claremont Legit?
Quick charity verification for Senior Citizens Housing Development Corporation Of Claremont (EIN: 20330853)
Verdict: Senior Citizens Housing Development Corporation Of Claremont appears trustworthy
92/100Mission Score
$1.2MRevenue
$1.5MAssets
2Red Flags
5Strengths
Red Flags
Unusually low liabilities for an organization of this type, which could indicate a specific funding model or external support not fully detailed in summary data.
Consistent 0% officer compensation, while positive for mission focus, is atypical for an organization with over $1 million in annual revenue and could suggest officers are compensated by a related entity or are purely volunteer, which might not be sustainable long-term without clear succession planning.
Strengths
Consistent financial surpluses, with revenue exceeding expenses in every reported period.
Significant reduction in liabilities over the past decade, from $1,126,540 in 2014 to $182,107 in 2023.
Steady growth in assets, from $933,690 in 2014 to $1,264,866 in 2023, indicating financial stability.
Reported 0% officer compensation, suggesting a strong focus on program spending and minimal administrative overhead from executive salaries.
Stable revenue stream, consistently around $1 million annually, demonstrating reliable operations.
Spending Breakdown
How Senior Citizens Housing Development Corporation Of Claremont allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Senior Citizens Housing Development Corporation Of Claremont
Is Senior Citizens Housing Development Corporation Of Claremont a legitimate charity?
Based on AI analysis of IRS 990 filings, Senior Citizens Housing Development Corporation Of Claremont (EIN: 20330853) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
Is Senior Citizens Housing Development Corporation Of Claremont a good charity to donate to?
Senior Citizens Housing Development Corporation Of Claremont has a Mission Score of 92/100. Revenue: $1.2M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Senior Citizens Housing Development Corporation Of Claremont?
The Employer Identification Number (EIN) for Senior Citizens Housing Development Corporation Of Claremont is 20330853. 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 Senior Citizens Housing Development Corporation Of Claremont spend its money?
Senior Citizens Housing Development Corporation Of Claremont allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Senior Citizens Housing Development Corporation Of Claremont's tax-exempt status?
You can verify Senior Citizens Housing Development Corporation Of Claremont's tax-exempt status using EIN 20330853 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
Senior Citizens Housing Development Corporation Of Claremont demonstrates consistent financial operations, with revenues generally exceeding expenses over the past decade. For example, in 2023, revenue was $1,044,154 against expenses of $905,290, indicating a surplus. The organization's assets have shown a steady increase, growing from $933,690 in 2014 to $1,264,866 in 2023, suggesting financial stability and growth. Liabilities have also decreased significantly over the long term, from $1,126,540 in 2014 to $182,107 in 2023, which is a strong indicator of improved financial health and reduced debt burden. The consistent reporting of 0% officer compensation across all available filings points to a high degree of transparency and a focus on mission-related spending rather than executive enrichment.