Is South Mississippi Housing Anddevelopment…

Quick charity verification for South Mississippi Housing Anddevelopment Corporation (EIN: 205640452)

Spending Breakdown

How South Mississippi Housing Anddevelopment Corporation 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 South Mississippi Housing Anddevelopment Corporation

Is South Mississippi Housing Anddevelopment Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, South Mississippi Housing Anddevelopment Corporation (EIN: 205640452) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is South Mississippi Housing Anddevelopment Corporation a good charity to donate to?

South Mississippi Housing Anddevelopment Corporation has a Mission Score of 75/100. Revenue: $2.1M. Assets: $20.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for South Mississippi Housing Anddevelopment Corporation?

The Employer Identification Number (EIN) for South Mississippi Housing Anddevelopment Corporation is 205640452. 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 South Mississippi Housing Anddevelopment Corporation spend its money?

South Mississippi Housing Anddevelopment Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify South Mississippi Housing Anddevelopment Corporation's tax-exempt status?

You can verify South Mississippi Housing Anddevelopment Corporation's tax-exempt status using EIN 205640452 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

South Mississippi Housing And Development Corporation (SMHAD) demonstrates consistent financial activity, with revenues and expenses generally in the range of $1.7 million to $3.7 million over the past decade. The organization maintains substantial assets, consistently above $20 million, indicating a strong asset base for its operations. However, the organization has frequently reported expenses exceeding revenue, as seen in 2023 ($2,079,437 expenses vs. $1,736,569 revenue) and 2022 ($3,196,539 expenses vs. $3,038,218 revenue), which could suggest reliance on prior reserves or non-operating income not fully captured in the revenue figures provided. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and compensation practices, indicating either a fully volunteer leadership or compensation structured in a way that isn't categorized as officer compensation on the 990, which warrants further investigation for complete understanding.

While the asset base is robust, the trend of expenses often outpacing revenue, particularly in recent years, suggests a need for careful monitoring of financial sustainability. The organization's liabilities have significantly decreased over the past decade, from over $5 million in 2014 to $177,298 in 2023, which is a positive indicator of improved financial health and reduced debt burden. The lack of reported officer compensation is a strong point for transparency regarding executive pay, but a detailed breakdown of program, administrative, and fundraising expenses would provide a clearer picture of spending efficiency. Without this breakdown, it's challenging to fully assess how effectively funds are being utilized towards its mission.

Is South Mississippi Housing Anddevelopment Corporation Legit?

Verdict: South Mississippi Housing Anddevelopment Corporation appears trustworthy

Red Flags

Strengths