Quick charity verification for South Windham Housing Corporation (EIN: 202010603)
Verdict: South Windham Housing Corporation appears trustworthy
75/100Mission Score
$303KRevenue
$2.3MAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits (e.g., $66,392 deficit in 2023, $91,286 deficit in 2022)
Gradual but steady decline in total assets over the past decade (from $3,074,378 in 2014 to $2,349,989 in 2023)
Strengths
Zero reported officer compensation, indicating efficient use of funds for mission-related activities
Strong program focus, as implied by the lack of fundraising expenses and officer compensation
Consistent filing history (13 filings), demonstrating transparency and compliance
Substantial asset base ($2,349,989 in 2023) providing a buffer despite operational deficits
Spending Breakdown
How South Windham Housing Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Windham Housing Corporation
Is South Windham Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, South Windham Housing Corporation (EIN: 202010603) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is South Windham Housing Corporation a good charity to donate to?
South Windham Housing Corporation has a Mission Score of 75/100. Revenue: $303K. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for South Windham Housing Corporation?
The Employer Identification Number (EIN) for South Windham Housing Corporation is 202010603. 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 Windham Housing Corporation spend its money?
South Windham Housing Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify South Windham Housing Corporation's tax-exempt status?
You can verify South Windham Housing Corporation's tax-exempt status using EIN 202010603 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 Windham Housing Corporation demonstrates a consistent operational history, primarily focused on its mission as indicated by its NTEE code L20 (Housing). The organization has maintained a stable asset base, though it has seen a gradual decline from $3,074,378 in 2014 to $2,349,989 in 2023. This decline in assets, coupled with expenses frequently exceeding revenue in recent years (e.g., $357,992 expenses vs. $291,600 revenue in 2023), suggests a reliance on existing reserves or non-operating income sources to cover costs. The absence of reported officer compensation across all filings indicates a volunteer-led or very lean administrative structure, which is a positive sign for minimizing overhead.
Financially, the organization appears to be operating with a deficit in most recent years, with 2023 showing a $66,392 deficit and 2022 a $91,286 deficit. This trend of expenses outpacing revenue is a concern for long-term sustainability if not addressed. However, the consistent asset base, despite the gradual decline, suggests a degree of financial stability, likely due to its housing assets. The organization's transparency is good, with 13 filings available, indicating regular reporting to the IRS.
Overall, while the organization exhibits strong program focus due to its lack of officer compensation and consistent mission, its recurring operational deficits warrant closer examination. The decline in assets over the past decade, from over $3 million to $2.3 million, suggests a slow erosion of its financial foundation, which could impact its future capacity to serve its community.