Is Vision Hope Community Development Corporation Inc Legit?
Quick charity verification for Vision Hope Community Development Corporation Inc (EIN: 10701611)
Verdict: Vision Hope Community Development Corporation Inc shows mixed signals
65/100Mission Score
$309KRevenue
$238KAssets
3Red Flags
3Strengths
Red Flags
Highly inconsistent revenue and expense patterns, indicating potential instability.
Significant deficits in multiple years (e.g., 2022, 2019), raising questions about financial sustainability.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, limiting efficiency analysis.
Strengths
Consistent filing history with 13 filings, indicating good compliance.
0% officer compensation reported across all years, suggesting a commitment to minimizing executive overhead.
Positive net income in the latest reported period (2023), showing a recent financial recovery.
Spending Breakdown
How Vision Hope Community Development Corporation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Vision Hope Community Development Corporation Inc
Is Vision Hope Community Development Corporation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vision Hope Community Development Corporation Inc (EIN: 10701611) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Vision Hope Community Development Corporation Inc a good charity to donate to?
Vision Hope Community Development Corporation Inc has a Mission Score of 65/100. Revenue: $309K. Assets: $238K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Vision Hope Community Development Corporation Inc?
The Employer Identification Number (EIN) for Vision Hope Community Development Corporation Inc is 10701611. 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 Vision Hope Community Development Corporation Inc spend its money?
Vision Hope Community Development Corporation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Vision Hope Community Development Corporation Inc's tax-exempt status?
You can verify Vision Hope Community Development Corporation Inc's tax-exempt status using EIN 10701611 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
Vision Hope Community Development Corporation Inc demonstrates fluctuating financial health over the past decade. While the organization reported a positive net income in 2023 ($230,543 revenue vs. $145,347 expenses), it experienced significant deficits in prior years, such as 2022 ($69,518 revenue vs. $146,985 expenses) and 2019 ($85,338 revenue vs. $124,820 expenses). The organization's assets have also shown considerable variability, from a high of $188,967 in 2014 to a low of $47,596 in 2022, before recovering to $132,904 in 2023. This indicates an inconsistent financial base, which could impact long-term stability and program delivery.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing overhead in this specific area. The presence of liabilities in 2023 ($112) after several years of zero liabilities also warrants closer examination to understand their nature and impact on financial health.
In terms of transparency, the organization has a consistent filing history with 13 filings, which is a positive indicator. However, the lack of detailed expense categories in the provided data limits a comprehensive assessment of how funds are allocated. The absence of officer compensation is a strong point for transparency regarding executive pay.