353 365 Housing Development Fund Company Inc
353 365 Housing Development Fund Company Inc shows strong asset growth and no officer compensation.
EIN: 132840838 · New York, NY · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $14,717,913. |
| Net Assets | $4.3M |
| Transparency Score | 92/100 |
Is 353 365 Housing Development Fund Company Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
353 365 Housing Development Fund Company Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 353 365 Housing Development Fund Company Inc
353 365 Housing Development Fund Company Inc (EIN: 132840838) is a nonprofit organization based in New York, NY, classified under NTEE code L21. The organization reported total revenue of $3.1M and total assets of $16.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 353 365 Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
353 365 Housing Development Fund Company Inc is a mid-size nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$340K |
| Total Assets | $14.7M |
| Total Liabilities | $10.4M |
| Net Assets | $4.3M |
| Operating Margin | 13.1% |
| Debt-to-Asset Ratio | 70.9% |
| Months of Reserves | 78.2 months |
Financial Health Grade: A
In 2023, 353 365 Housing Development Fund Company Inc reported a surplus of $340K with revenue exceeding expenses, holds 78.2 months of operating reserves (strong position), has a debt-to-asset ratio of 70.9% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), 353 365 Housing Development Fund Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.3% | +43.4% | +90.8% |
| 2022 | -3.1% | +21.4% | +11.8% |
| 2021 | -49.3% | -26.1% | +19.8% |
| 2020 | +279.4% | +48.2% | +144.9% |
| 2019 | -5.0% | -2.3% | -13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 353 365 Housing Development Fund Company Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, 353 365 Housing Development Fund Company Inc 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 surplus of $340K, with revenue exceeding expenses.
- Debt-to-asset ratio: 70.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly commendable for an organization of its size with assets of $14,717,913.
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.
Strengths
The following positive indicators were identified for 353 365 Housing Development Fund Company Inc:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission.
- Significant asset growth from $2.7M in 2017 to $14.7M in 2023, demonstrating financial strength.
- Positive net income in most recent filings, indicating financial sustainability.
- Clear alignment between organization name and NTEE code (L21 - Housing Development), suggesting strong program focus.
Frequently Asked Questions about 353 365 Housing Development Fund Company Inc
Is 353 365 Housing Development Fund Company Inc a legitimate charity?
353 365 Housing Development Fund Company Inc (EIN: 132840838) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 7 years of IRS 990 filings on record. Total revenue: $3.1M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does 353 365 Housing Development Fund Company Inc spend its money?
353 365 Housing Development Fund Company Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to 353 365 Housing Development Fund Company Inc tax-deductible?
353 365 Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 132840838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the 353 365 Housing Development Fund Company Inc CEO make?
353 365 Housing Development Fund Company Inc's highest-compensated officer earns $14,717,913. annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of 353 365 Housing Development Fund Company Inc's spending goes to programs?
353 365 Housing Development Fund Company Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 353 365 Housing Development Fund Company Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), 353 365 Housing Development Fund Company Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 353 365 Housing Development Fund Company Inc located?
353 365 Housing Development Fund Company Inc is headquartered in New York, New York and files with the IRS under EIN 132840838. It is classified under NTEE code L21.
How many years of IRS 990 filings does 353 365 Housing Development Fund Company Inc have?
353 365 Housing Development Fund Company Inc has 7 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 $3.1M in total revenue.
Is 353 365 Housing Development Fund Company Inc a good charity?
Based on the provided data, the organization appears to be a good charity. It demonstrates strong financial health with growing assets (from $2.7M in 2017 to $14.7M in 2023), consistent revenue, and a notable commitment to its mission by reporting 0% officer compensation across all filings.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved. Assets have grown from $2,797,017 in 2017 to $14,717,913 in 2023, and revenue has generally increased, indicating robust growth and financial stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its leadership is not drawing salaries, which is a strong positive for directing funds to its mission.
Filing History
IRS 990 filing history for 353 365 Housing Development Fund Company Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), 353 365 Housing Development Fund Company Inc's revenue has grown by 86.7%, moving from $1.4M to $2.6M. Total assets increased by 426.2% over the same period, from $2.8M to $14.7M. Total functional expenses rose by 104.9%, from $1.1M to $2.3M. In its most recent filing year (2023), 353 365 Housing Development Fund Company Inc reported a surplus of $340K, with revenue exceeding expenses. The organization holds $10.4M in liabilities against $14.7M in assets (debt-to-asset ratio: 70.9%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.3M | $14.7M | $10.4M | — | — |
| 2022 | $2.4M | $1.6M | $7.7M | $3.8M | — | View 990 |
| 2021 | $2.5M | $1.3M | $6.9M | $3.7M | — | — |
| 2020 | $4.9M | $1.8M | $5.8M | $3.8M | — | View 990 |
| 2019 | $1.3M | $1.2M | $2.4M | $3.5M | — | View 990 |
| 2018 | $1.4M | $1.2M | $2.7M | $3.9M | — | View 990 |
| 2017 | $1.4M | $1.1M | $2.8M | $4.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.3M, and assets of $14.7M (revenue +8.3% year-over-year).
- 2022: Revenue of $2.4M, expenses of $1.6M, and assets of $7.7M (revenue -3.1% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.3M, and assets of $6.9M (revenue -49.3% year-over-year).
- 2020: Revenue of $4.9M, expenses of $1.8M, and assets of $5.8M (revenue +279.4% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $2.4M (revenue -5.0% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.2M, and assets of $2.7M (revenue -2.6% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.1M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 353 365 Housing Development Fund Company Inc:
Data Sources and Methodology
This transparency report for 353 365 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.