Is St Barnabas Housing Development Fund Corp Legit?
Quick charity verification for St Barnabas Housing Development Fund Corp (EIN: 133434410)
Verdict: St Barnabas Housing Development Fund Corp appears trustworthy
75/100Mission Score
$1.8MRevenue
$3.6MAssets
2Red Flags
3Strengths
Red Flags
High liabilities relative to assets (e.g., $8.9M liabilities vs. $3.6M assets in 2023)
Unusual negative revenue reporting in earlier years without corresponding expenses (e.g., $-104,561 revenue in 2020 with $0 expenses)
Strengths
Consistent operational stability with revenues generally exceeding expenses in recent years (e.g., $1,654,642 revenue vs. $1,501,598 expenses in 2023)
Reported 0% officer compensation across all filings, indicating efficient use of funds for leadership or volunteer-led executive team
Consistent IRS 990 filing history (13 filings) demonstrating transparency in reporting
Spending Breakdown
How St Barnabas Housing Development Fund Corp allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Barnabas Housing Development Fund Corp
Is St Barnabas Housing Development Fund Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, St Barnabas Housing Development Fund Corp (EIN: 133434410) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is St Barnabas Housing Development Fund Corp a good charity to donate to?
St Barnabas Housing Development Fund Corp has a Mission Score of 75/100. Revenue: $1.8M. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for St Barnabas Housing Development Fund Corp?
The Employer Identification Number (EIN) for St Barnabas Housing Development Fund Corp is 133434410. 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 Barnabas Housing Development Fund Corp spend its money?
St Barnabas Housing Development Fund Corp allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify St Barnabas Housing Development Fund Corp's tax-exempt status?
You can verify St Barnabas Housing Development Fund Corp's tax-exempt status using EIN 133434410 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 Barnabas Housing Development Fund Corp demonstrates consistent operational activity with revenues generally exceeding expenses in recent years, indicating a stable financial position for its core operations. For example, in 2023, revenue was $1,654,642 against expenses of $1,501,598. However, the organization carries significant liabilities, consistently around $9 million, which far outweigh its assets of approximately $3.5 million. This high debt-to-asset ratio suggests a reliance on borrowed funds or long-term obligations, which warrants closer examination.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable aspect is the reported 0% officer compensation across all available filings, which suggests either a fully volunteer-led executive team or that executive compensation is not reported in this specific field, which could be a point for further inquiry. The NTEE code L200 indicates a focus on housing and shelter, aligning with its name. The negative revenue reported in several earlier years (2014-2020) without corresponding expenses is unusual and could indicate specific accounting practices related to non-cash transactions or revaluations, which would require deeper analysis of the full 990 forms to understand.