Is Southwest Florida Affordablehousing Choice Foundation Inc Legit?
Quick charity verification for Southwest Florida Affordablehousing Choice Foundation Inc (EIN: 204985818)
Verdict: Southwest Florida Affordablehousing Choice Foundation Inc appears trustworthy
92/100Mission Score
$4.6MRevenue
$20.4MAssets
2Red Flags
4Strengths
Red Flags
Significant year-over-year revenue volatility, making financial planning potentially challenging.
Unusually high asset base ($20M+) with consistently reported 0% officer compensation, which could warrant further inquiry into how leadership is compensated or sustained.
Strengths
Consistent growth in assets, indicating strong financial stewardship and long-term stability.
Zero officer compensation reported across all filings, demonstrating a strong commitment to directing funds to programs and high transparency.
Positive net income in most recent years (e.g., 2023: $2.8M revenue vs. $1.8M expenses), showing financial health.
Low liabilities relative to assets in most periods, indicating a healthy balance sheet (e.g., 2023: $3.6M liabilities vs. $19.1M assets).
Spending Breakdown
How Southwest Florida Affordablehousing Choice Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Florida Affordablehousing Choice Foundation Inc
Is Southwest Florida Affordablehousing Choice Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southwest Florida Affordablehousing Choice Foundation Inc (EIN: 204985818) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
Is Southwest Florida Affordablehousing Choice Foundation Inc a good charity to donate to?
Southwest Florida Affordablehousing Choice Foundation Inc has a Mission Score of 92/100. Revenue: $4.6M. Assets: $20.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Southwest Florida Affordablehousing Choice Foundation Inc?
The Employer Identification Number (EIN) for Southwest Florida Affordablehousing Choice Foundation Inc is 204985818. 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 Florida Affordablehousing Choice Foundation Inc spend its money?
Southwest Florida Affordablehousing Choice Foundation Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Southwest Florida Affordablehousing Choice Foundation Inc's tax-exempt status?
You can verify Southwest Florida Affordablehousing Choice Foundation Inc's tax-exempt status using EIN 204985818 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 Florida Affordablehousing Choice Foundation Inc demonstrates a generally stable financial position, with assets consistently growing over the past decade, reaching $20,424,247 in the latest period. The organization's revenue has fluctuated significantly, from a low of $569,625 in 2018 to a high of $4,902,368 in 2021, indicating reliance on variable funding sources. Despite these fluctuations, the organization has consistently reported positive net income in most recent years, such as in 2023 with revenues of $2,808,586 against expenses of $1,827,050.
The organization appears to be efficient in its spending, with a strong focus on program services. For instance, in 2023, with total expenses of $1,827,050, the majority would be allocated to its mission given the absence of officer compensation and typical operational needs for an affordable housing provider. The consistent reporting of zero officer compensation across all available filings is a significant indicator of financial transparency and a commitment to directing resources towards its mission rather than executive salaries. This practice enhances public trust and suggests a lean administrative structure.
Overall, the foundation exhibits good financial health, marked by asset growth and responsible expense management. The lack of reported officer compensation is a strong positive for transparency and efficiency. While revenue can be volatile, the consistent growth in assets and positive net income in most periods suggest effective financial stewardship. The organization's focus on affordable housing, combined with its financial practices, indicates a well-managed nonprofit.