Significant multi-year decline in revenue (from $496,263 in 2018 to $51,126 in 2023).
Substantial decrease in assets (from $1,304,764 in 2018 to $429,391 in 2023).
Expenses frequently exceeding revenue in recent years (e.g., 2023: $51,389 expenses vs. $51,126 revenue; 2022: $73,995 expenses vs. $50,167 revenue), indicating potential operational deficits.
Strengths
Consistent filing of IRS 990 forms (13 filings), demonstrating transparency and compliance.
0% officer compensation reported across all filings, suggesting a commitment to minimizing administrative overhead at the executive level.
Managed liabilities, which have decreased in proportion to assets, indicating responsible financial management even during contraction.
Spending Breakdown
How Telesis Housing Corporation 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 Telesis Housing Corporation
Is Telesis Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Telesis Housing Corporation (EIN: 10485474) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
Is Telesis Housing Corporation a good charity to donate to?
Telesis Housing Corporation has a Mission Score of 55/100. Revenue: $115K. Assets: $356K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Telesis Housing Corporation?
The Employer Identification Number (EIN) for Telesis Housing Corporation is 10485474. 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 Telesis Housing Corporation spend its money?
Telesis Housing Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Telesis Housing Corporation's tax-exempt status?
You can verify Telesis Housing Corporation's tax-exempt status using EIN 10485474 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
Telesis Housing Corporation, with latest reported revenue of $114,598 and assets of $356,043, appears to be a small organization. Over the past few years, the organization has experienced a significant decline in revenue and assets. For instance, revenue dropped from $496,263 in 2018 to $51,126 in 2023, and assets decreased from $1,304,764 to $429,391 in the same period. This trend suggests potential operational challenges or a significant change in the organization's scope or funding model.
The organization consistently reports 0% officer compensation, which indicates a volunteer-led or very lean executive structure, potentially contributing to lower administrative costs. However, without a detailed breakdown of expenses, it's difficult to fully assess spending efficiency. The consistent reporting of liabilities, which have also decreased in line with assets, suggests a managed, albeit shrinking, financial footprint. The organization's financial health appears to be in a state of contraction, requiring closer examination of its long-term sustainability and program impact given the declining resources.
Transparency is generally good, with 13 filings available, providing a historical view of its financial activities. However, the lack of detailed expense breakdowns in the provided data limits a comprehensive assessment of how funds are allocated between programs, administration, and fundraising. The consistent reporting of financial data, even during periods of decline, demonstrates a commitment to regulatory compliance.