Is Waterview Estates Owners Association Inc Legit?
Quick charity verification for Waterview Estates Owners Association Inc (EIN: 201283917)
Verdict: Waterview Estates Owners Association Inc appears trustworthy
95/100Mission Score
$1.2MRevenue
$2.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $1,016,745 in 2018 to $1,110,653 in 2022.
Significant asset accumulation, more than doubling from $987,507 in 2018 to $2,092,202 in 2022.
0% officer compensation reported across all five years, indicating high efficiency and dedication of funds to operations.
Expenses consistently lower than revenue, allowing for healthy surpluses and asset growth.
Low liabilities relative to assets, with liabilities at $226,018 against assets of $2,092,202 in 2022.
Spending Breakdown
How Waterview Estates Owners Association Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Waterview Estates Owners Association Inc
Is Waterview Estates Owners Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waterview Estates Owners Association Inc (EIN: 201283917) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Waterview Estates Owners Association Inc a good charity to donate to?
Waterview Estates Owners Association Inc has a Mission Score of 95/100. Revenue: $1.2M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Waterview Estates Owners Association Inc?
The Employer Identification Number (EIN) for Waterview Estates Owners Association Inc is 201283917. 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 Waterview Estates Owners Association Inc spend its money?
Waterview Estates Owners Association Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Waterview Estates Owners Association Inc's tax-exempt status?
You can verify Waterview Estates Owners Association Inc's tax-exempt status using EIN 201283917 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
Waterview Estates Owners Association Inc, as a homeowners association (NTEE L50), demonstrates consistent financial stability with steadily increasing revenue and assets over the past five years. In 2022, the organization reported revenue of $1,110,653 and assets of $2,092,202, up from $1,016,745 and $987,507 respectively in 2018. This growth indicates effective management of community resources and property values. The organization consistently reports 0% officer compensation, which is a strong indicator of financial efficiency and a commitment to directing funds towards community services rather than executive salaries.
The spending efficiency appears robust, with expenses consistently lower than revenue, allowing for asset accumulation. For instance, in 2022, expenses were $786,602 against $1,110,653 in revenue. This surplus contributes to the organization's growing asset base, which is crucial for long-term maintenance and improvement of the Waterview Estates community. The absence of officer compensation also suggests that administrative costs are likely kept low, further enhancing spending efficiency.
Transparency is generally good, given the public availability of 990 filings. The consistent reporting of 0% officer compensation is a key transparency point, clearly showing that no funds are allocated to executive salaries. As a homeowners association, its primary 'program' spending would be on community maintenance, amenities, and services, which is implicitly supported by the financial data showing significant operational expenses relative to revenue, without high administrative overhead.