456 West 129 Street Housing Corp
456 West 129 Street Housing Corp consistently spends nearly all revenue on operations with no reported officer compensation.
EIN: 133572276 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.1M |
| Program Spending | 95% |
| Net Assets | $178K |
| Transparency Score | 85/100 |
Is 456 West 129 Street Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
456 West 129 Street Housing Corp directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 456 West 129 Street Housing Corp
456 West 129 Street Housing Corp (EIN: 133572276) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.4M and total assets of $291K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 456 West 129 Street Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
456 West 129 Street Housing Corp is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$114K |
| Total Assets | $263K |
| Total Liabilities | $85K |
| Net Assets | $178K |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 32.2% |
| Months of Reserves | 1.5 months |
Financial Health Grade: A
In 2023, 456 West 129 Street Housing Corp reported a surplus of $114K with revenue exceeding expenses, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 32.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), 456 West 129 Street Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | -5.2% | -36.0% |
| 2022 | +7.2% | +0.2% | +84.4% |
| 2021 | -6.8% | -4.4% | -47.4% |
| 2020 | +1.9% | +8.7% | +24.0% |
| 2019 | +9.7% | +3.2% | -12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 456 West 129 Street Housing Corp with a Mission Score of 85 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, 456 West 129 Street Housing Corp allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $114K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that executive salaries are embedded within other expense categories, which could obscure a complete picture of leadership costs.
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 456 West 129 Street Housing Corp's IRS 990 filings:
- NTEE code is unknown, limiting understanding of specific programmatic focus.
- Officer compensation consistently reported as 0%, which may obscure actual leadership costs if embedded elsewhere.
Strengths
The following positive indicators were identified for 456 West 129 Street Housing Corp:
- Consistent revenue generation over a decade, indicating stable operations.
- High spending efficiency, with expenses closely matching revenue, suggesting funds are directly applied to mission.
- No reported officer compensation, potentially indicating a volunteer-driven leadership.
Frequently Asked Questions about 456 West 129 Street Housing Corp
Is 456 West 129 Street Housing Corp a legitimate charity?
456 West 129 Street Housing Corp (EIN: 133572276) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.4M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does 456 West 129 Street Housing Corp spend its money?
456 West 129 Street Housing Corp directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to 456 West 129 Street Housing Corp tax-deductible?
456 West 129 Street Housing Corp is registered as a tax-exempt nonprofit (EIN: 133572276). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 456 West 129 Street Housing Corp located?
456 West 129 Street Housing Corp is headquartered in New York, New York and files with the IRS under EIN 133572276.
How many years of IRS 990 filings does 456 West 129 Street Housing Corp have?
456 West 129 Street Housing Corp 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 $2.4M in total revenue.
Is 456 West 129 Street Housing Corp a good charity?
Based on the available data, the organization appears to be efficient in its spending, with expenses closely matching revenue, suggesting funds are directly utilized for its mission. The lack of reported officer compensation is notable, potentially indicating a highly dedicated, volunteer-driven leadership or a reporting nuance. Further clarity on program details and the breakdown of expenses would provide a more complete picture.
What is the organization's primary mission?
While the NTEE code is unknown, the organization's name, '456 West 129 Street Housing Corp,' strongly suggests its primary mission is related to providing or managing housing services in New York, NY.
How does the organization manage its finances given the close revenue-expense margins?
The organization operates with very tight margins, with expenses consistently close to revenue. This indicates a focus on direct service delivery and efficient use of funds, rather than building large reserves. It suggests a reliance on consistent annual funding to maintain operations.
Filing History
IRS 990 filing history for 456 West 129 Street Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 456 West 129 Street Housing Corp's revenue has grown by 6.4%, moving from $2.1M to $2.2M. Total assets decreased by 25.5% over the same period, from $353K to $263K. Total functional expenses rose by 6.3%, from $2.0M to $2.1M. In its most recent filing year (2023), 456 West 129 Street Housing Corp reported a surplus of $114K, with revenue exceeding expenses. The organization holds $85K in liabilities against $263K in assets (debt-to-asset ratio: 32.2%), resulting in net assets of $178K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.1M | $263K | $85K | — | — |
| 2022 | $2.3M | $2.2M | $411K | $347K | — | View 990 |
| 2021 | $2.2M | $2.2M | $223K | $226K | — | View 990 |
| 2020 | $2.3M | $2.3M | $424K | $345K | — | View 990 |
| 2019 | $2.3M | $2.2M | $342K | $107K | — | View 990 |
| 2018 | $2.1M | $2.1M | $392K | $272K | — | View 990 |
| 2017 | $2.2M | $2.3M | $827K | $688K | — | View 990 |
| 2016 | $2.2M | $2.2M | $604K | $323K | — | View 990 |
| 2015 | $2.2M | $2.2M | $727K | $469K | — | View 990 |
| 2014 | $2.2M | $2.2M | $364K | $146K | — | View 990 |
| 2013 | $2.1M | $2.1M | $376K | $146K | — | View 990 |
| 2012 | $2.0M | $1.9M | $381K | $143K | — | View 990 |
| 2011 | $2.1M | $2.0M | $353K | $140K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.1M, and assets of $263K (revenue -3.0% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.2M, and assets of $411K (revenue +7.2% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.2M, and assets of $223K (revenue -6.8% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.3M, and assets of $424K (revenue +1.9% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.2M, and assets of $342K (revenue +9.7% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $392K (revenue -6.7% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.3M, and assets of $827K (revenue -1.2% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.2M, and assets of $604K (revenue +0.2% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.2M, and assets of $727K (revenue +0.9% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.2M, and assets of $364K (revenue +4.1% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.1M, and assets of $376K (revenue +8.5% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.9M, and assets of $381K (revenue -6.8% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.0M, and assets of $353K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 456 West 129 Street Housing Corp:
Data Sources and Methodology
This transparency report for 456 West 129 Street Housing Corp 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.