Is South Portland Housing Development Corporation Legit?
Quick charity verification for South Portland Housing Development Corporation (EIN: 222648277)
Verdict: South Portland Housing Development Corporation appears trustworthy
85/100Mission Score
$4.6MRevenue
$10.8MAssets
0Red Flags
3Strengths
No red flags identified.
Strengths
Consistent revenue growth observed from $608,642 in 2016 to $4,071,254 in 2023, indicating strong financial health and increasing operational capacity.
Assets have shown significant growth, from $5,476,840 in 2016 to $10,409,961 in 2023, suggesting effective asset management and expansion.
The organization maintains a healthy asset-to-liability ratio, with assets consistently exceeding liabilities, indicating financial stability.
Spending Breakdown
How South Portland Housing Development Corporation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Portland Housing Development Corporation
Is South Portland Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, South Portland Housing Development Corporation (EIN: 222648277) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
Is South Portland Housing Development Corporation a good charity to donate to?
South Portland Housing Development Corporation has a Mission Score of 85/100. Revenue: $4.6M. Assets: $10.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for South Portland Housing Development Corporation?
The Employer Identification Number (EIN) for South Portland Housing Development Corporation is 222648277. 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 Portland Housing Development Corporation spend its money?
South Portland Housing Development Corporation allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify South Portland Housing Development Corporation's tax-exempt status?
You can verify South Portland Housing Development Corporation's tax-exempt status using EIN 222648277 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 Portland Housing Development Corporation is a housing & shelter nonprofit based in S Portland, Maine, with reported revenue of $4.6M and assets of $10.8M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 80% of spending goes to programs, 10% to administration, and 10% to fundraising. Executive compensation cannot be assessed as specific compensation figures for executives are not provided in the available data. Revenue has grown +648% across 13 filing periods.