Is Northeast Brooklyn Housing Development Corporation Legit?
Quick charity verification for Northeast Brooklyn Housing Development Corporation (EIN: 112737223)
Verdict: Northeast Brooklyn Housing Development Corporation appears trustworthy
90/100Mission Score
$2.7MRevenue
$8.2MAssets
1Red Flags
4Strengths
Red Flags
Unusually low (0%) officer compensation reported, which may warrant further investigation into how leadership is compensated or if services are provided pro bono.
Strengths
Consistent asset growth, from $1.85M in 2013 to $8.59M in 2022, demonstrating strong financial management.
Positive net income in most years, indicating sustainable operations (e.g., 2022 revenue $3.79M vs. expenses $2.70M).
Zero reported officer compensation across all filings, suggesting a high dedication of funds to programmatic activities.
Stable liabilities relative to assets, indicating responsible financial leverage.
Spending Breakdown
How Northeast Brooklyn Housing Development 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 Northeast Brooklyn Housing Development Corporation
Is Northeast Brooklyn Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeast Brooklyn Housing Development Corporation (EIN: 112737223) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Northeast Brooklyn Housing Development Corporation a good charity to donate to?
Northeast Brooklyn Housing Development Corporation has a Mission Score of 90/100. Revenue: $2.7M. Assets: $8.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Northeast Brooklyn Housing Development Corporation?
The Employer Identification Number (EIN) for Northeast Brooklyn Housing Development Corporation is 112737223. 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 Northeast Brooklyn Housing Development Corporation spend its money?
Northeast Brooklyn Housing Development Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Northeast Brooklyn Housing Development Corporation's tax-exempt status?
You can verify Northeast Brooklyn Housing Development Corporation's tax-exempt status using EIN 112737223 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
Northeast Brooklyn Housing Development Corporation demonstrates consistent financial activity, with revenues generally exceeding expenses, leading to a steady growth in assets over the past decade. For instance, assets grew from $1,853,526 in 2013 to $8,598,007 in 2022. The organization's latest filing (2022) shows revenue of $3,797,923 against expenses of $2,705,836, indicating a healthy surplus. A notable aspect of their financial management is the reported 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards programmatic activities rather than executive salaries. This practice significantly enhances their transparency and public trust.
The organization's financial health appears stable, with a positive net asset position and consistent operational surpluses in most years. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the absence of officer compensation is a strong indicator of efficient resource allocation. The growth in assets and relatively stable liabilities also point to sound financial stewardship, allowing the organization to build capacity and potentially expand its housing development initiatives in Brooklyn, NY.