Is Woodysun Housing Development Fund Corporation Legit?
Quick charity verification for Woodysun Housing Development Fund Corporation (EIN: 133022900)
Verdict: Woodysun Housing Development Fund Corporation appears trustworthy
85/100Mission Score
$1.8MRevenue
$2.8MAssets
2Red Flags
3Strengths
Red Flags
Liabilities consistently exceed assets, indicating a high debt-to-asset ratio.
Gradual decline in total assets over the past decade.
Strengths
Consistent operational surpluses in recent years (e.g., 2023 revenue $1,659,761 vs. expenses $1,505,709).
0% officer compensation reported across all filings, indicating strong resource allocation to mission.
Long history of consistent IRS 990 filings (13 filings), suggesting transparency.
Spending Breakdown
How Woodysun Housing Development Fund Corporation 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 Woodysun Housing Development Fund Corporation
Is Woodysun Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Woodysun Housing Development Fund Corporation (EIN: 133022900) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Woodysun Housing Development Fund Corporation a good charity to donate to?
Woodysun Housing Development Fund Corporation has a Mission Score of 85/100. Revenue: $1.8M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Woodysun Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Woodysun Housing Development Fund Corporation is 133022900. 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 Woodysun Housing Development Fund Corporation spend its money?
Woodysun Housing Development Fund Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Woodysun Housing Development Fund Corporation's tax-exempt status?
You can verify Woodysun Housing Development Fund Corporation's tax-exempt status using EIN 133022900 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
Woodysun Housing Development Fund Corporation demonstrates consistent operational activity with revenues generally exceeding expenses in recent years, indicating a stable financial position. For example, in 2023, revenue was $1,659,761 against expenses of $1,505,709. The organization's assets have shown a gradual decline over the past decade, from $4,634,555 in 2014 to $2,881,997 in 2023, while liabilities have remained significantly higher than assets, suggesting a reliance on debt financing. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive sign for spending efficiency and transparency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging.