Significant growth in assets over the past decade, from $12,792 in 2012 to $511,497 in 2023.
Long filing history (11 filings), suggesting consistent compliance with IRS reporting requirements.
Spending Breakdown
How Virginia Housing And Community Development Corporation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Virginia Housing And Community Development Corporation
Is Virginia Housing And Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Housing And Community Development Corporation (EIN: 200779486) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Virginia Housing And Community Development Corporation a good charity to donate to?
Virginia Housing And Community Development Corporation has a Mission Score of 70/100. Revenue: $498K. Assets: $459K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Virginia Housing And Community Development Corporation?
The Employer Identification Number (EIN) for Virginia Housing And Community Development Corporation is 200779486. 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 Virginia Housing And Community Development Corporation spend its money?
Virginia Housing And Community Development Corporation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Virginia Housing And Community Development Corporation's tax-exempt status?
You can verify Virginia Housing And Community Development Corporation's tax-exempt status using EIN 200779486 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
Virginia Housing And Community Development Corporation has experienced fluctuating financial health over the past decade. While the organization reported its latest revenue at $497,979 and assets at $459,183, its recent 990 filings show a pattern of expenses exceeding revenue in several years, such as in 2023 ($143,983 expenses vs. $128,318 revenue) and 2022 ($125,289 expenses vs. $63,555 revenue). This indicates a reliance on prior reserves or other funding sources to cover operational costs. The organization's assets have grown significantly from $12,792 in 2012 to $511,497 in 2023, suggesting some financial growth, but also a substantial increase in liabilities, reaching $371,068 in 2023. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this area, which is a positive indicator for donor confidence.
However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, it's challenging to fully assess spending efficiency. The consistent deficit spending in recent years raises questions about long-term financial sustainability if not addressed. The organization's transparency is generally good through its 990 filings, but a clearer picture of how its expenses are allocated would further enhance this. The significant increase in liabilities, particularly in 2021 and 2023, warrants closer examination to understand the nature of these obligations and their potential impact on the organization's financial stability.