Is The Housing Collective Inc Legit? —…

Strengths

Exceptional revenue growth, increasing from $1.9M in 2019 to $11.5M in 2023.
Strong asset growth, from $832K in 2019 to $7M in 2023, indicating increased capacity.
Assets consistently exceed liabilities, demonstrating financial solvency.
Expenses closely track revenue, suggesting efficient deployment of resources for program expansion.
Clear focus on mission, as evidenced by rapid scaling of operations in line with NTEE code I21 (Housing & Shelter).

Spending Breakdown

How The Housing Collective Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 The Housing Collective Inc

Is The Housing Collective Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, The Housing Collective Inc (EIN: 205529890) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.

Is The Housing Collective Inc a good charity to donate to?

The Housing Collective Inc has a Mission Score of 88/100. Revenue: $12.7M. Assets: $8.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Housing Collective Inc?

The Employer Identification Number (EIN) for The Housing Collective Inc is 205529890. 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 The Housing Collective Inc spend its money?

The Housing Collective Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The Housing Collective Inc's tax-exempt status?

You can verify The Housing Collective Inc's tax-exempt status using EIN 205529890 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

The Housing Collective Inc demonstrates a strong commitment to its program services, consistently allocating a significant portion of its expenses to direct programmatic activities. Over the past five years, the organization has experienced substantial growth in revenue, from $1,946,416 in 2019 to $11,573,036 in 2023, indicating increasing capacity and impact. While expenses have generally tracked closely with revenue, leading to modest operating deficits in some years (e.g., $126,831 in 2023), this is not uncommon for growing nonprofits expanding their services. The organization's asset base has also grown considerably, from $832,715 in 2019 to $7,052,962 in 2023, suggesting a healthy accumulation of resources to support its mission.

Financial health appears stable, with assets consistently exceeding liabilities, indicating solvency. For instance, in 2023, assets were $7,052,962 against liabilities of $6,679,882. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer-led executive team or that executive compensation is reported under other expense categories, which could impact transparency regarding leadership costs if not clearly disclosed elsewhere. However, the overall financial trajectory points to an organization effectively scaling its operations to meet community needs.

Spending efficiency, based on the provided data, appears to prioritize program delivery. The absence of reported officer compensation directly in the provided data makes a full assessment of administrative efficiency challenging without further detail on how leadership costs are categorized. However, the rapid growth in revenue and assets, coupled with expenses closely matching revenue, suggests efficient deployment of resources to expand services rather than accumulating excessive reserves or incurring disproportionate overhead.

Is The Housing Collective Inc Legit?

Verdict: The Housing Collective Inc appears trustworthy

Red Flags