334 336 Bergen Street Housing Development Fund Corporation
Bergen Street Housing Fund faces recent deficit and increased liabilities despite historical revenue stability.
EIN: 133460251 · New York, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $2.2M |
| Program Spending | 90% |
| Net Assets | $562K |
| Transparency Score | 75/100 |
Is 334 336 Bergen Street Housing Development Fund Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
334 336 Bergen Street Housing Development Fund Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 334 336 Bergen Street Housing Development Fund Corporation
334 336 Bergen Street Housing Development Fund Corporation (EIN: 133460251) is a nonprofit organization based in New York, NY, classified under NTEE code L200. The organization reported total revenue of $1.8M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 334 336 Bergen Street Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
334 336 Bergen Street Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-500,378 |
| Total Assets | $1.5M |
| Total Liabilities | $956K |
| Net Assets | $562K |
| Operating Margin | -28.7% |
| Debt-to-Asset Ratio | 63.0% |
| Months of Reserves | 8.1 months |
Financial Health Grade: C
In 2023, 334 336 Bergen Street Housing Development Fund Corporation reported a deficit of $500K with expenses exceeding revenue, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 63.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), 334 336 Bergen Street Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.0% | +63.3% | +29.5% |
| 2022 | +12.5% | -27.7% | -19.1% |
| 2021 | -8.9% | +34.7% | -24.5% |
| 2020 | +8.6% | +12.3% | +11.1% |
| 2019 | +2.8% | +9.1% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 334 336 Bergen Street Housing Development Fund Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, 334 336 Bergen Street Housing Development Fund Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $500K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive compensation directly from the organization, which is a positive sign for resource allocation to its mission.
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 334 336 Bergen Street Housing Development Fund Corporation's IRS 990 filings:
- Significant deficit in the most recent fiscal period (202306: Expenses $2,244,787 vs. Revenue $1,744,409).
- Substantial increase in liabilities from $110,006 in 2022 to $956,306 in 2023.
- Decrease in assets from $1,518,496 in 2023 to $1,172,574 in 2022.
Strengths
The following positive indicators were identified for 334 336 Bergen Street Housing Development Fund Corporation:
- Consistent revenue generation above $1 million for over a decade.
- 0% officer compensation reported across all filings, indicating efficient use of funds for mission.
- Historically strong asset base, though recently impacted by liabilities.
Frequently Asked Questions about 334 336 Bergen Street Housing Development Fund Corporation
Is 334 336 Bergen Street Housing Development Fund Corporation a legitimate charity?
334 336 Bergen Street Housing Development Fund Corporation (EIN: 133460251) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does 334 336 Bergen Street Housing Development Fund Corporation spend its money?
334 336 Bergen Street Housing Development Fund Corporation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to 334 336 Bergen Street Housing Development Fund Corporation tax-deductible?
334 336 Bergen Street Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133460251). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 334 336 Bergen Street Housing Development Fund Corporation's spending goes to programs?
334 336 Bergen Street Housing Development Fund Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 334 336 Bergen Street Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), 334 336 Bergen Street Housing Development Fund Corporation is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 334 336 Bergen Street Housing Development Fund Corporation located?
334 336 Bergen Street Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 133460251. It is classified under NTEE code L200.
How many years of IRS 990 filings does 334 336 Bergen Street Housing Development Fund Corporation have?
334 336 Bergen Street Housing Development Fund Corporation 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 $1.8M in total revenue.
What caused the significant increase in liabilities and deficit spending in the 2023 fiscal period?
The provided data does not specify the exact causes, but the liabilities jumped from $110,006 in 2022 to $956,306 in 2023, while expenses exceeded revenue by over $500,000. This suggests a major financial event or operational change.
How does the organization plan to address the recent financial deficit and increased debt?
The IRS 990 data alone does not provide forward-looking plans. Further investigation into their financial statements or annual reports would be necessary to understand their strategy.
Is the organization's long-term financial stability at risk given the 2023 results?
While the organization has a history of stable revenues, the 2023 deficit and significant increase in liabilities are concerning. Sustained deficits could impact long-term stability if not managed effectively.
Filing History
IRS 990 filing history for 334 336 Bergen Street Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 334 336 Bergen Street Housing Development Fund Corporation's revenue has grown by 51%, moving from $1.2M to $1.7M. Total assets decreased by 11.7% over the same period, from $1.7M to $1.5M. Total functional expenses rose by 116.3%, from $1.0M to $2.2M. In its most recent filing year (2023), 334 336 Bergen Street Housing Development Fund Corporation reported a deficit of $500K, with expenses exceeding revenue. The organization holds $956K in liabilities against $1.5M in assets (debt-to-asset ratio: 63.0%), resulting in net assets of $562K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.2M | $1.5M | $956K | — | — |
| 2022 | $1.4M | $1.4M | $1.2M | $110K | — | View 990 |
| 2021 | $1.3M | $1.9M | $1.5M | $454K | — | View 990 |
| 2020 | $1.4M | $1.4M | $1.9M | $303K | — | View 990 |
| 2019 | $1.3M | $1.3M | $1.7M | $105K | — | View 990 |
| 2018 | $1.3M | $1.2M | $1.7M | $130K | — | View 990 |
| 2017 | $1.2M | $1.4M | $1.6M | $95K | — | View 990 |
| 2016 | $1.2M | $1.0M | $1.7M | $97K | — | View 990 |
| 2015 | $1.2M | $1.2M | $1.6M | $103K | — | View 990 |
| 2014 | $1.1M | $1.2M | $1.6M | $87K | — | View 990 |
| 2013 | $1.2M | $1.2M | $1.6M | $78K | — | View 990 |
| 2012 | $1.2M | $1.1M | $1.7M | $145K | — | View 990 |
| 2011 | $1.2M | $1.0M | $1.7M | $163K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.2M, and assets of $1.5M (revenue +21.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $1.2M (revenue +12.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.9M, and assets of $1.5M (revenue -8.9% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $1.9M (revenue +8.6% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $1.7M (revenue +2.8% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $1.7M (revenue +5.0% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.4M, and assets of $1.6M (revenue +1.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.0M, and assets of $1.7M (revenue -0.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $1.6M (revenue +8.9% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.2M, and assets of $1.6M (revenue -6.9% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $1.6M (revenue -1.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $1.7M (revenue +3.0% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.0M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 334 336 Bergen Street Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for 334 336 Bergen Street Housing Development Fund Corporation 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.