Consistent negative net asset position (e.g., $11.6M assets vs. $15.2M liabilities in 2023).
Frequent operating deficits (expenses exceeding revenue in most recent years, e.g., 2023, 2022, 2021, 2020).
Declining asset base over the last decade (from $14.1M in 2014 to $11.6M in 2023).
Strengths
Consistent IRS 990 filing history (13 filings) indicates good compliance.
Reported 0% officer compensation across all filings suggests low executive overhead.
NTEE code L21 indicates a focus on direct housing development and management programs.
Spending Breakdown
How Wesley Rydell Housing 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 Wesley Rydell Housing Corporation
Is Wesley Rydell Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wesley Rydell Housing Corporation (EIN: 205289427) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Wesley Rydell Housing Corporation a good charity to donate to?
Wesley Rydell Housing Corporation has a Mission Score of 65/100. Revenue: $1.9M. Assets: $11.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wesley Rydell Housing Corporation?
The Employer Identification Number (EIN) for Wesley Rydell Housing Corporation is 205289427. 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 Wesley Rydell Housing Corporation spend its money?
Wesley Rydell Housing Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wesley Rydell Housing Corporation's tax-exempt status?
You can verify Wesley Rydell Housing Corporation's tax-exempt status using EIN 205289427 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
Wesley Rydell Housing Corporation demonstrates consistent financial activity, with revenues and expenses hovering around $1.6 million to $1.8 million in recent years. The organization's assets have shown a gradual decline from $14.1 million in 2014 to $11.6 million in 2023, while liabilities have remained significantly higher, ranging from $15.2 million to $17.4 million over the same period. This indicates a long-standing negative net asset position, which is a significant financial concern for a nonprofit. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this specific area, or that officers are not compensated directly by the organization.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the organization consistently spends more than it earns, as evidenced by expenses exceeding revenue in most recent years (e.g., $1,860,885 expenses vs. $1,783,463 revenue in 2023). This trend of operating deficits contributes to the erosion of assets and the persistent negative net asset balance. The NTEE code L21 (Housing Development, Construction & Management) suggests a focus on direct program delivery, which is generally positive.
Transparency regarding executive compensation is high, with 0% reported for officers. However, the lack of detailed expense breakdowns beyond total revenue and expenses limits a comprehensive assessment of overall spending efficiency and how funds are allocated across different functions. The consistent filing of IRS Form 990s over 13 periods indicates good compliance with reporting requirements, contributing positively to transparency.