10 Th And 51 St Housing Development Fund Company Inc
Housing Development Fund Company consistently generates surpluses with zero reported officer compensation.
EIN: 133270654 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $1.3M |
| Transparency Score | 90/100 |
Is 10 Th And 51 St Housing Development Fund Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
10 Th And 51 St Housing Development Fund Company Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 10 Th And 51 St Housing Development Fund Company Inc
10 Th And 51 St Housing Development Fund Company Inc (EIN: 133270654) is a nonprofit organization based in New York, NY. The organization reported total revenue of $3.3M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 10 Th And 51 St Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
10 Th And 51 St Housing Development Fund Company Inc is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$540K |
| Total Assets | $7.0M |
| Total Liabilities | $5.7M |
| Net Assets | $1.3M |
| Operating Margin | 16.6% |
| Debt-to-Asset Ratio | 82.0% |
| Months of Reserves | 30.9 months |
Financial Health Grade: A
In 2023, 10 Th And 51 St Housing Development Fund Company Inc reported a surplus of $540K with revenue exceeding expenses, holds 30.9 months of operating reserves (strong position), has a debt-to-asset ratio of 82.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), 10 Th And 51 St Housing Development Fund Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.2% | +8.5% | +1.6% |
| 2022 | -0.3% | -0.2% | +6.5% |
| 2021 | +3.6% | +6.1% | +2.6% |
| 2020 | -7.1% | -0.5% | +5.2% |
| 2019 | +62.4% | +18.4% | +20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 10 Th And 51 St Housing Development Fund Company Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, 10 Th And 51 St Housing Development Fund Company Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $540K, with revenue exceeding expenses.
- Debt-to-asset ratio: 82.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of this size with assets exceeding $7 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of 10 Th And 51 St Housing Development Fund Company Inc's IRS 990 filings:
- NTEE Code is unknown, limiting understanding of specific mission area.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data makes a granular efficiency assessment difficult.
Strengths
The following positive indicators were identified for 10 Th And 51 St Housing Development Fund Company Inc:
- Consistent revenue surpluses, e.g., $540,359 in 202306 ($3,252,799 revenue - $2,712,440 expenses).
- Growing asset base, from $4,978,722 in 201806 to $6,994,558 in 202306.
- Decreasing liabilities, from $7,267,362 in 201906 to $5,732,403 in 202306.
- Zero reported officer compensation across all filings, indicating high efficiency in executive spending.
- Consistent filing of IRS 990 forms over 13 periods, demonstrating transparency.
Frequently Asked Questions about 10 Th And 51 St Housing Development Fund Company Inc
Is 10 Th And 51 St Housing Development Fund Company Inc a legitimate charity?
10 Th And 51 St Housing Development Fund Company Inc (EIN: 133270654) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does 10 Th And 51 St Housing Development Fund Company Inc spend its money?
10 Th And 51 St Housing Development Fund Company Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to 10 Th And 51 St Housing Development Fund Company Inc tax-deductible?
10 Th And 51 St Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 133270654). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the 10 Th And 51 St Housing Development Fund Company Inc CEO make?
10 Th And 51 St Housing Development Fund Company Inc's highest-compensated officer earns $7 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is 10 Th And 51 St Housing Development Fund Company Inc located?
10 Th And 51 St Housing Development Fund Company Inc is headquartered in New York, New York and files with the IRS under EIN 133270654.
How many years of IRS 990 filings does 10 Th And 51 St Housing Development Fund Company Inc have?
10 Th And 51 St Housing Development Fund Company Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.3M in total revenue.
Is 10 Th And 51 St Housing Development Fund Company Inc a good charity?
Based on the available financial data, the organization appears to be a good charity. It consistently generates surpluses, has growing assets, decreasing liabilities, and reports zero officer compensation, suggesting a strong focus on its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly over time. Revenue has steadily increased from $1,854,576 in 201406 to $3,252,799 in 202306, while expenses have remained manageable, leading to consistent surpluses. Assets have grown from $5,814,692 to $6,994,558, and liabilities have decreased from $7,958,806 to $5,732,403.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, reporting 0% officer compensation in all available filings. This indicates that executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, or that the organization is structured to minimize such expenses.
Filing History
IRS 990 filing history for 10 Th And 51 St Housing Development Fund Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 10 Th And 51 St Housing Development Fund Company Inc's revenue has grown by 83.9%, moving from $1.8M to $3.3M. Total assets increased by 10.6% over the same period, from $6.3M to $7.0M. Total functional expenses rose by 46.7%, from $1.8M to $2.7M. In its most recent filing year (2023), 10 Th And 51 St Housing Development Fund Company Inc reported a surplus of $540K, with revenue exceeding expenses. The organization holds $5.7M in liabilities against $7.0M in assets (debt-to-asset ratio: 82.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $2.7M | $7.0M | $5.7M | — | View 990 |
| 2022 | $3.2M | $2.5M | $6.9M | $6.2M | — | View 990 |
| 2021 | $3.2M | $2.5M | $6.5M | $6.4M | — | — |
| 2020 | $3.1M | $2.4M | $6.3M | $6.9M | — | View 990 |
| 2019 | $3.3M | $2.4M | $6.0M | $7.3M | — | View 990 |
| 2018 | $2.0M | $2.0M | $5.0M | $7.2M | — | View 990 |
| 2017 | $2.0M | $2.0M | $5.2M | $7.4M | — | View 990 |
| 2016 | $2.0M | $2.0M | $5.4M | $7.6M | — | View 990 |
| 2015 | $1.9M | $2.0M | $5.6M | $7.8M | — | View 990 |
| 2014 | $1.9M | $1.9M | $5.8M | $8.0M | — | View 990 |
| 2013 | $1.9M | $1.9M | $6.1M | $8.1M | — | View 990 |
| 2012 | $1.8M | $1.9M | $6.2M | $8.2M | — | View 990 |
| 2011 | $1.8M | $1.8M | $6.3M | $8.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $2.7M, and assets of $7.0M (revenue +3.2% year-over-year).
- 2022: Revenue of $3.2M, expenses of $2.5M, and assets of $6.9M (revenue -0.3% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.5M, and assets of $6.5M (revenue +3.6% year-over-year).
- 2020: Revenue of $3.1M, expenses of $2.4M, and assets of $6.3M (revenue -7.1% year-over-year).
- 2019: Revenue of $3.3M, expenses of $2.4M, and assets of $6.0M (revenue +62.4% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.0M, and assets of $5.0M (revenue +1.0% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.0M, and assets of $5.2M (revenue +0.6% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $5.4M (revenue +5.0% year-over-year).
- 2015: Revenue of $1.9M, expenses of $2.0M, and assets of $5.6M (revenue +2.3% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $5.8M (revenue -3.9% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $6.1M (revenue +8.0% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.9M, and assets of $6.2M (revenue +1.1% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.8M, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 10 Th And 51 St Housing Development Fund Company Inc:
Data Sources and Methodology
This transparency report for 10 Th And 51 St Housing Development Fund Company Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.