Quick charity verification for St Albans Housing Corporation (EIN: 10345239)
Verdict: St Albans Housing Corporation appears trustworthy
75/100Mission Score
$147KRevenue
$881KAssets
2Red Flags
3Strengths
Red Flags
Liabilities consistently exceed assets in recent years (e.g., 2023: Assets=$903,400, Liabilities=$1,109,959), indicating a highly leveraged financial position.
Significant and unexplained jump in liabilities and assets between 2019 and 2020, from $397,727 to $1,088,139 for liabilities and $246,870 to $943,740 for assets, without clear context in the provided data.
Strengths
Consistent revenue generation over the past decade, averaging around $140,000-$150,000 annually.
0% officer compensation reported across all filings, indicating highly efficient use of funds for its mission.
Stable expense levels, generally in line with or slightly above revenue, suggesting consistent operational activity.
Spending Breakdown
How St Albans 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 St Albans Housing Corporation
Is St Albans Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, St Albans Housing Corporation (EIN: 10345239) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is St Albans Housing Corporation a good charity to donate to?
St Albans Housing Corporation has a Mission Score of 75/100. Revenue: $147K. Assets: $881K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for St Albans Housing Corporation?
The Employer Identification Number (EIN) for St Albans Housing Corporation is 10345239. 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 St Albans Housing Corporation spend its money?
St Albans Housing Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify St Albans Housing Corporation's tax-exempt status?
You can verify St Albans Housing Corporation's tax-exempt status using EIN 10345239 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
St Albans Housing Corporation demonstrates consistent financial activity, with revenues and expenses hovering around the $140,000-$170,000 range over the past decade. The organization consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds for its mission rather than executive salaries. However, a notable concern is the significant increase in liabilities, particularly between 2019 and 2020, where liabilities jumped from $397,727 to $1,088,139, and have remained high, exceeding assets in recent years. This suggests a reliance on debt or other obligations that warrants further investigation to understand the long-term financial stability. The organization's assets have also seen a substantial increase in the same period, from $246,870 in 2019 to $943,740 in 2020, which could be related to the liability increase, possibly indicating asset acquisition through debt.