Is Southwest 141 Street Housing Development Fund Company Inc Legit?

Quick charity verification for Southwest 141 Street Housing Development Fund Company Inc (EIN: 133175057)

Verdict: Southwest 141 Street Housing Development Fund Company Inc shows mixed signals

45/100Mission Score
$1.9MRevenue
$7.3MAssets
4Red Flags
2Strengths

Red Flags

Strengths

Spending Breakdown

How Southwest 141 Street Housing Development Fund Company Inc allocates its funds across programs, administration, and fundraising.

70%
Program Spending
Below average — room for improvement
20%
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 Southwest 141 Street Housing Development Fund Company Inc

Is Southwest 141 Street Housing Development Fund Company Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Southwest 141 Street Housing Development Fund Company Inc (EIN: 133175057) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.

Is Southwest 141 Street Housing Development Fund Company Inc a good charity to donate to?

Southwest 141 Street Housing Development Fund Company Inc has a Mission Score of 45/100. Revenue: $1.9M. Assets: $7.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Southwest 141 Street Housing Development Fund Company Inc?

The Employer Identification Number (EIN) for Southwest 141 Street Housing Development Fund Company Inc is 133175057. 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 Southwest 141 Street Housing Development Fund Company Inc spend its money?

Southwest 141 Street Housing Development Fund Company Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Southwest 141 Street Housing Development Fund Company Inc's tax-exempt status?

You can verify Southwest 141 Street Housing Development Fund Company Inc's tax-exempt status using EIN 133175057 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

Southwest 141 Street Housing Development Fund Company Inc consistently operates with an annual deficit, with expenses exceeding revenue in most reported periods. For instance, in 2023, expenses were $2,176,169 against revenues of $1,835,666, indicating a significant operational shortfall. This trend is visible across multiple years, suggesting a reliance on existing assets or other funding mechanisms to cover operational costs, as total assets have also shown a declining trend from $9,129,257 in 2017 to $7,306,358 in 2023. The organization's financial health appears to be under pressure due to these persistent deficits. While the specific breakdown of program, administrative, and fundraising expenses is not directly provided in the summary data, the consistent negative net income raises questions about long-term sustainability. The absence of reported officer compensation across all filings suggests either a volunteer-led executive structure or compensation is embedded within other expense categories, which could impact transparency regarding leadership costs. Given the consistent deficits and declining asset base, the organization's financial stability warrants closer examination. The high liabilities relative to assets (e.g., $12,914,420 in liabilities vs. $7,306,358 in assets in 2023) further highlight potential financial challenges. Without a detailed breakdown of expenses, it's difficult to fully assess spending efficiency, but the overall financial trajectory suggests a need for improved revenue generation or expense management.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

Related Pages