Is Southeastern Massachusetts Veterans Housing Program Inc Legit?
Quick charity verification for Southeastern Massachusetts Veterans Housing Program Inc (EIN: 111190035)
Verdict: Southeastern Massachusetts Veterans Housing Program Inc appears trustworthy
92/100Mission Score
$2.6MRevenue
$4.0MAssets
1Red Flags
5Strengths
Red Flags
No detailed functional expense breakdown provided in summary data (e.g., specific program vs. admin vs. fundraising percentages from 990, Part IX)
Strengths
Consistent revenue growth, reaching $2,881,457 in 2023.
Significant asset growth from $1,717,448 in 2014 to $3,976,951 in 2023.
0% reported officer compensation across all available filings, indicating high efficiency in directing funds to programs.
Healthy surpluses in most recent years, demonstrating strong financial management.
Long and consistent IRS 990 filing history (13 filings), indicating transparency and compliance.
Spending Breakdown
How Southeastern Massachusetts Veterans Housing Program Inc 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 Southeastern Massachusetts Veterans Housing Program Inc
Is Southeastern Massachusetts Veterans Housing Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southeastern Massachusetts Veterans Housing Program Inc (EIN: 111190035) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Southeastern Massachusetts Veterans Housing Program Inc a good charity to donate to?
Southeastern Massachusetts Veterans Housing Program Inc has a Mission Score of 92/100. Revenue: $2.6M. Assets: $4.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Southeastern Massachusetts Veterans Housing Program Inc?
The Employer Identification Number (EIN) for Southeastern Massachusetts Veterans Housing Program Inc is 111190035. 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 Southeastern Massachusetts Veterans Housing Program Inc spend its money?
Southeastern Massachusetts Veterans Housing Program Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Southeastern Massachusetts Veterans Housing Program Inc's tax-exempt status?
You can verify Southeastern Massachusetts Veterans Housing Program Inc's tax-exempt status using EIN 111190035 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
Southeastern Massachusetts Veterans Housing Program Inc demonstrates a generally stable financial position with consistent revenue generation and asset growth over the past decade. In the latest filing (202309), the organization reported revenue of $2,881,457 against expenses of $2,411,511, indicating a healthy surplus. Their assets have steadily increased, reaching $3,976,951 in 2023, which suggests good financial management and capacity. The organization's liabilities are manageable relative to its assets, standing at $590,082 in 2023.
The spending efficiency appears strong, particularly given the consistent surpluses and the fact that officer compensation has been reported as 0% across all available filings, suggesting resources are directed towards programs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial health points to effective use of funds. The consistent filing history over 13 periods also indicates a commitment to transparency and regulatory compliance.
Overall, the organization appears to be well-managed financially, with a focus on its mission as evidenced by its financial stability and lack of reported executive compensation. The growth in assets and consistent revenue streams provide a solid foundation for its operations.