Quick charity verification for Summit Housing Inc (EIN: 141990609)
Verdict: Summit Housing Inc appears trustworthy
75/100Mission Score
$125KRevenue
$1.2MAssets
2Red Flags
3Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue) in most recent periods, such as $33,536 expenses vs. $30,008 revenue in 202306.
Gradual decline in total assets over the past decade, from $1,580,655 in 2015 to $1,217,028 currently.
Strengths
Zero executive compensation reported across all filings, indicating strong financial stewardship.
Consistent IRS 990 filing history (13 filings), demonstrating good transparency and compliance.
Substantial asset base ($1,217,028) provides a buffer despite operating deficits.
Spending Breakdown
How Summit Housing Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Summit Housing Inc
Is Summit Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Summit Housing Inc (EIN: 141990609) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Summit Housing Inc a good charity to donate to?
Summit Housing Inc has a Mission Score of 75/100. Revenue: $125K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Summit Housing Inc?
The Employer Identification Number (EIN) for Summit Housing Inc is 141990609. 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 Summit Housing Inc spend its money?
Summit Housing Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Summit Housing Inc's tax-exempt status?
You can verify Summit Housing Inc's tax-exempt status using EIN 141990609 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
Summit Housing Inc. appears to be a small nonprofit focused on housing, as indicated by its NTEE code L112. The organization consistently reports zero officer compensation across all available filings, which is a positive indicator of financial stewardship and a commitment to directing funds towards its mission rather than executive salaries. However, a consistent trend of expenses exceeding revenue is observed in most recent periods, such as $33,536 in expenses against $30,008 in revenue for period 202306, and $155,098 in expenses against $97,130 in revenue for period 202303. This ongoing deficit spending, while not immediately critical given its substantial assets of $1,217,028, suggests a need for careful financial planning to ensure long-term sustainability. The organization's assets have also shown a gradual decline over the years, from $1,580,655 in 2015 to $1,217,028 currently, which aligns with the pattern of expenses exceeding revenue. Transparency is high given the consistent filing of 990s and the clear reporting of no executive compensation.