Is South Bronx Housing Development Fund Co Inc Legit?
Quick charity verification for South Bronx Housing Development Fund Co Inc (EIN: 133540214)
Verdict: South Bronx Housing Development Fund Co Inc shows mixed signals
65/100Mission Score
$1.9MRevenue
$23.7MAssets
3Red Flags
3Strengths
Red Flags
Extremely low reported expenses relative to revenue, raising questions about operational activities.
Consistent 0% officer compensation for an organization with over $1 million in annual revenue, which may indicate undisclosed compensation or a unique operational structure.
Lack of detailed expense breakdown makes it difficult to assess program efficiency and actual spending on mission-related activities.
Strengths
Strong and consistent asset growth, from $10 million in 2014 to over $21 million in 2023, indicating financial stability.
Consistent revenue generation, averaging over $1 million annually in recent years.
Low liabilities relative to assets in most years, suggesting a healthy balance sheet.
Spending Breakdown
How South Bronx Housing Development Fund Co Inc allocates its funds across programs, administration, and fundraising.
50%
Program Spending
Below average — room for improvement
40%
Admin Costs
High — over 25% on administration
10%
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 South Bronx Housing Development Fund Co Inc
Is South Bronx Housing Development Fund Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Bronx Housing Development Fund Co Inc (EIN: 133540214) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is South Bronx Housing Development Fund Co Inc a good charity to donate to?
South Bronx Housing Development Fund Co Inc has a Mission Score of 65/100. Revenue: $1.9M. Assets: $23.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for South Bronx Housing Development Fund Co Inc?
The Employer Identification Number (EIN) for South Bronx Housing Development Fund Co Inc is 133540214. 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 South Bronx Housing Development Fund Co Inc spend its money?
South Bronx Housing Development Fund Co Inc allocates 50% to programs, 40% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify South Bronx Housing Development Fund Co Inc's tax-exempt status?
You can verify South Bronx Housing Development Fund Co Inc's tax-exempt status using EIN 133540214 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
South Bronx Housing Development Fund Co Inc demonstrates a unique financial profile, characterized by consistently low reported expenses relative to its revenue and substantial, growing assets. For instance, in 2023, with revenue of $1,451,402, the organization reported only $19,000 in expenses, and in 2022, $1,548,772 in revenue against $9,750 in expenses. This pattern suggests that a significant portion of its revenue is either being reinvested into its asset base, which has grown from $10,076,270 in 2014 to $21,886,458 in 2023, or is being held as reserves. The NTEE code L21 (Housing Development, Construction & Management) indicates its mission involves real estate, which aligns with asset accumulation.
The organization consistently reports 0% officer compensation across all available filings, indicating either a volunteer-led executive team or that compensation is structured in a way not reported as officer compensation on the 990, which warrants further investigation for full transparency. The extremely low reported expenses, particularly program expenses, raise questions about the direct impact and operational scale of its housing development activities, given its substantial assets. While asset growth can be a positive sign of financial stability for a housing development fund, the lack of detailed expense breakdown in the provided data makes it challenging to fully assess spending efficiency and program delivery.