Is Yorkville Gardens Housing Development Fund Co Inc Legit?
Quick charity verification for Yorkville Gardens Housing Development Fund Co Inc (EIN: 133085054)
Verdict: Yorkville Gardens Housing Development Fund Co Inc appears trustworthy
85/100Mission Score
$4.8MRevenue
$40.1MAssets
2Red Flags
4Strengths
Red Flags
Dramatic, unexplained increase in assets and liabilities between 2206 and 2306 periods without further context.
Consistent 0% officer compensation for an organization of this size and asset base, which is unusual and warrants further inquiry into operational structure.
How Yorkville Gardens Housing Development Fund Co 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 Yorkville Gardens Housing Development Fund Co Inc
Is Yorkville Gardens Housing Development Fund Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Yorkville Gardens Housing Development Fund Co Inc (EIN: 133085054) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Yorkville Gardens Housing Development Fund Co Inc a good charity to donate to?
Yorkville Gardens Housing Development Fund Co Inc has a Mission Score of 85/100. Revenue: $4.8M. Assets: $40.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Yorkville Gardens Housing Development Fund Co Inc?
The Employer Identification Number (EIN) for Yorkville Gardens Housing Development Fund Co Inc is 133085054. 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 Yorkville Gardens Housing Development Fund Co Inc spend its money?
Yorkville Gardens Housing Development Fund Co Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Yorkville Gardens Housing Development Fund Co Inc's tax-exempt status?
You can verify Yorkville Gardens Housing Development Fund Co Inc's tax-exempt status using EIN 133085054 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
Yorkville Gardens Housing Development Fund Co Inc demonstrates consistent financial health, with revenues generally exceeding expenses across its filing history. In the latest period (202306), the organization reported revenues of $4,235,118 against expenses of $3,786,367, indicating a surplus. The significant increase in assets from $5,048,506 in 202206 to $41,739,391 in 202306, alongside a corresponding rise in liabilities, suggests a major capital project or asset revaluation, which warrants further investigation for a complete understanding of its financial position. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient spending on administrative overhead related to executive pay and suggests a volunteer-led or very lean leadership structure.
The organization's spending efficiency appears strong given the consistent surpluses and the absence of officer compensation. While a detailed functional expense breakdown is not provided in the summary data, the overall financial picture suggests that the majority of funds are likely directed towards its housing development mission. The substantial asset base of over $40 million in the latest period, compared to its annual revenue, indicates a significant investment in its program-related assets. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and basic financial transparency.
However, the dramatic shift in assets and liabilities between 202206 and 202306, from approximately $5 million in assets to over $41 million, requires deeper scrutiny to fully assess the nature of these changes and their impact on long-term financial stability and program delivery. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency across these categories is limited. The lack of officer compensation, while positive for efficiency, also raises questions about the operational structure and whether key leadership roles are filled by volunteers or compensated through other means not captured as 'officer compensation'.