Is Victory One Housing Development Fund Corporation Legit?

Quick charity verification for Victory One Housing Development Fund Corporation (EIN: 113755386)

Verdict: Victory One Housing Development Fund Corporation shows mixed signals

55/100Mission Score
$2.4MRevenue
$3.2MAssets
4Red Flags
2Strengths

Red Flags

Strengths

Spending Breakdown

How Victory One Housing Development Fund 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 Victory One Housing Development Fund Corporation

Is Victory One Housing Development Fund Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Victory One Housing Development Fund Corporation (EIN: 113755386) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.

Is Victory One Housing Development Fund Corporation a good charity to donate to?

Victory One Housing Development Fund Corporation has a Mission Score of 55/100. Revenue: $2.4M. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Victory One Housing Development Fund Corporation?

The Employer Identification Number (EIN) for Victory One Housing Development Fund Corporation is 113755386. 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 Victory One Housing Development Fund Corporation spend its money?

Victory One Housing Development Fund Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Victory One Housing Development Fund Corporation's tax-exempt status?

You can verify Victory One Housing Development Fund Corporation's tax-exempt status using EIN 113755386 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

Victory One Housing Development Fund Corporation exhibits a consistent operational deficit, with expenses regularly exceeding revenue across its filing history. For instance, in 2023, expenses were $2,156,428 against revenues of $1,933,554, indicating a reliance on existing assets or debt to cover operations. The organization's liabilities significantly outweigh its assets, reaching $12,072,488 in liabilities against $3,537,566 in assets in 2023, which is a substantial concern for long-term financial stability. While the organization reports 0% officer compensation, which is a positive for resource allocation, the overall financial picture suggests a need for improved revenue generation or expense management to achieve sustainability. The NTEE code L200 indicates a focus on housing development, which often involves significant capital expenditures and debt. However, the consistent decline in assets from a high of $6,049,184 in 2014 to $3,537,566 in 2023, coupled with rising liabilities, points to potential challenges in managing its housing portfolio or securing adequate funding. The lack of reported officer compensation is a strong indicator of transparency and a commitment to mission-focused spending, but it does not fully offset the broader financial vulnerabilities.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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