AI Transparency Report
Clarkstown Middlewood Housing Development Fund Company Inc. exhibits a complex financial picture. While the organization consistently reports 0% officer compensation, indicating good transparency regarding executive pay, its financial health has seen significant fluctuations. In 2023, the organization reported expenses of $7,584,473 against revenues of $2,446,061, resulting in a substantial deficit. This trend of expenses significantly exceeding revenue is also evident in 2022, where expenses were $6,297,393 against revenues of $1,944,288. This suggests a reliance on other funding sources or a draw-down on assets, which is reflected in the high liabilities of $16,905,715 in 2023 and $17,662,122 in 2022, far exceeding its assets. The sudden increase in expenses and liabilities from 2021 ($1,176,662 expenses, $126,580 liabilities) to 2022 and 2023 suggests a major project or operational shift, which warrants further investigation to understand its long-term sustainability and impact on the organization's mission.