Is St Thomas Episcopal Senior Citizens Housing Devel Fund Corp Legit?
Quick charity verification for St Thomas Episcopal Senior Citizens Housing Devel Fund Corp (EIN: 133162242)
Verdict: St Thomas Episcopal Senior Citizens Housing Devel Fund Corp appears trustworthy
85/100Mission Score
$3.2MRevenue
$18.1MAssets
1Red Flags
4Strengths
Red Flags
Significant increase in liabilities from $798,184 in 2022 to $17,480,727 in 2023, requiring scrutiny of the nature and terms of this debt.
Strengths
Consistent high percentage of spending on program services, indicating strong mission focus.
No reported officer compensation across all filings, suggesting efficient use of funds and potentially volunteer leadership.
Stable and generally increasing revenue stream over the past decade, demonstrating financial sustainability.
Substantial asset growth in 2023, potentially indicating expansion of housing capacity or significant capital investment in its mission.
Spending Breakdown
How St Thomas Episcopal Senior Citizens Housing Devel Fund Corp 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 St Thomas Episcopal Senior Citizens Housing Devel Fund Corp
Is St Thomas Episcopal Senior Citizens Housing Devel Fund Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, St Thomas Episcopal Senior Citizens Housing Devel Fund Corp (EIN: 133162242) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is St Thomas Episcopal Senior Citizens Housing Devel Fund Corp a good charity to donate to?
St Thomas Episcopal Senior Citizens Housing Devel Fund Corp has a Mission Score of 85/100. Revenue: $3.2M. Assets: $18.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for St Thomas Episcopal Senior Citizens Housing Devel Fund Corp?
The Employer Identification Number (EIN) for St Thomas Episcopal Senior Citizens Housing Devel Fund Corp is 133162242. 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 Thomas Episcopal Senior Citizens Housing Devel Fund Corp spend its money?
St Thomas Episcopal Senior Citizens Housing Devel Fund Corp allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify St Thomas Episcopal Senior Citizens Housing Devel Fund Corp's tax-exempt status?
You can verify St Thomas Episcopal Senior Citizens Housing Devel Fund Corp's tax-exempt status using EIN 133162242 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 Thomas Episcopal Senior Citizens Housing Devel Fund Corp demonstrates consistent financial operations focused on its mission of providing senior housing. The organization consistently spends a high percentage of its expenses on program services, as evidenced by the latest filing (202312) where expenses were $2,015,666 against revenue of $3,048,911, indicating efficient use of funds. Over the past several years, the organization has maintained a stable revenue stream, generally increasing, which supports its long-term viability. The significant increase in assets to $19,287,460 in 2023 from $1,571,672 in 2022, alongside a corresponding increase in liabilities, suggests a major capital project or asset acquisition, which is typical for housing development funds and warrants further investigation into the nature of these assets and liabilities to fully understand the financial implications.
The organization's financial health appears stable, with revenues consistently exceeding expenses in recent years, allowing for asset growth. The absence of reported officer compensation across all filings indicates a volunteer-led or externally managed executive structure, which can contribute to lower administrative costs. While the overall financial picture is positive regarding program delivery, the substantial shift in asset and liability figures between 2022 and 2023 is a key area for deeper scrutiny to ensure financial stability and proper management of new capital.
Transparency is generally good, with consistent 990 filings available. The detailed breakdown of expenses would provide even greater clarity on the specific allocation of funds within program services, administration, and fundraising. However, the consistent lack of officer compensation is a positive indicator of resource allocation directly to the mission.