Is Supportive Housing Network Of New Y York Inc Legit?
Quick charity verification for Supportive Housing Network Of New Y York Inc (EIN: 133755149)
Verdict: Supportive Housing Network Of New Y York Inc appears trustworthy
95/100Mission Score
$3.3MRevenue
$6.5MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation reported across all filings, indicating high efficiency and transparency.
Significant growth in assets, from $2,078,893 in 2014 to $6,962,679 in 2023, demonstrating strong financial management.
Generally maintains expenses below revenue, allowing for the accumulation of reserves and long-term stability.
Low liabilities relative to assets in most periods, suggesting a healthy balance sheet (e.g., $907,837 liabilities vs. $6,962,679 assets in 2023).
Spending Breakdown
How Supportive Housing Network Of New Y York 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 Supportive Housing Network Of New Y York Inc
Is Supportive Housing Network Of New Y York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Supportive Housing Network Of New Y York Inc (EIN: 133755149) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
Is Supportive Housing Network Of New Y York Inc a good charity to donate to?
Supportive Housing Network Of New Y York Inc has a Mission Score of 95/100. Revenue: $3.3M. Assets: $6.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Supportive Housing Network Of New Y York Inc?
The Employer Identification Number (EIN) for Supportive Housing Network Of New Y York Inc is 133755149. 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 Supportive Housing Network Of New Y York Inc spend its money?
Supportive Housing Network Of New Y York Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Supportive Housing Network Of New Y York Inc's tax-exempt status?
You can verify Supportive Housing Network Of New Y York Inc's tax-exempt status using EIN 133755149 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
Supportive Housing Network Of New York Inc demonstrates generally sound financial health, with a notable increase in assets over the past few years, reaching $6,962,679 in 2023. The organization consistently spends less than its revenue in most years, as seen in 2023 where revenue was $3,628,514 against expenses of $2,596,181, indicating responsible financial management and an ability to build reserves. However, there have been periods, such as 2022 and 2020, where expenses slightly exceeded revenue, suggesting some variability in operational costs or funding cycles. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries, which is highly commendable for a nonprofit of its size. This practice significantly enhances public trust and reflects a donor-centric approach.