753 Classon Avenue Housing Company
753 Classon Avenue Housing Company experiences significant asset and liability growth while operating with a deficit in the latest fiscal year.
EIN: 146002715 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.2M |
| Program Spending | 90% |
| Net Assets | $-1,233,112 |
| Transparency Score | 75/100 |
Is 753 Classon Avenue Housing Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
753 Classon Avenue Housing Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 753 Classon Avenue Housing Company
753 Classon Avenue Housing Company (EIN: 146002715) is a nonprofit organization based in New York, NY. The organization reported total revenue of $1.9M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 753 Classon Avenue Housing Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
753 Classon Avenue Housing Company is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-251,807 |
| Total Assets | $6.4M |
| Total Liabilities | $7.6M |
| Net Assets | $-1,233,112 |
| Operating Margin | -12.9% |
| Debt-to-Asset Ratio | 119.3% |
| Months of Reserves | 34.9 months |
Financial Health Grade: C
In 2024, 753 Classon Avenue Housing Company reported a deficit of $252K with expenses exceeding revenue, holds 34.9 months of operating reserves (strong position), has a debt-to-asset ratio of 119.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2024), 753 Classon Avenue Housing Company's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +11.4% | +7.8% | +373.1% |
| 2023 | +4.5% | +12.0% | -19.7% |
| 2021 | +1.1% | +6.3% | +3.2% |
| 2020 | -5.6% | +3.4% | +7.2% |
| 2019 | +6.7% | +3.1% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 753 Classon Avenue Housing Company 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, 753 Classon Avenue Housing Company 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $252K, with expenses exceeding revenue.
- Debt-to-asset ratio: 119.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990, which is a positive sign for direct mission-related spending.
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 753 Classon Avenue Housing Company's IRS 990 filings:
- Consistent operational deficits where expenses exceed revenue (e.g., $2,196,893 expenses vs. $1,945,086 revenue in 202403).
- Significant increase in liabilities in the latest period without clear explanation in the provided data.
Strengths
The following positive indicators were identified for 753 Classon Avenue Housing Company:
- Consistent revenue stream over the past decade, indicating stable operations.
- Zero reported officer compensation across all filings, suggesting efficient use of funds for mission.
- Consistent IRS 990 filing history, demonstrating good transparency and compliance.
- Substantial asset base ($6,397,193 in 202403), potentially indicating significant property holdings for its housing mission.
Frequently Asked Questions about 753 Classon Avenue Housing Company
Is 753 Classon Avenue Housing Company a legitimate charity?
753 Classon Avenue Housing Company (EIN: 146002715) 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: $1.9M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does 753 Classon Avenue Housing Company spend its money?
753 Classon Avenue Housing Company directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to 753 Classon Avenue Housing Company tax-deductible?
753 Classon Avenue Housing Company is registered as a tax-exempt nonprofit (EIN: 146002715). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 753 Classon Avenue Housing Company located?
753 Classon Avenue Housing Company is headquartered in New York, New York and files with the IRS under EIN 146002715.
How many years of IRS 990 filings does 753 Classon Avenue Housing Company have?
753 Classon Avenue Housing Company 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 $1.9M in total revenue.
What caused the significant increase in assets and liabilities in the 202403 period?
The IRS 990 data shows a substantial increase in assets from $1,352,328 in 202303 to $6,397,193 in 202403, and liabilities from $2,333,633 to $7,630,305. This could be due to property acquisition, major renovations, or refinancing, but the specific details are not available in the provided summary.
How does the organization cover its operational deficits when expenses exceed revenue?
In several periods, including 202403, expenses have exceeded revenue (e.g., $2,196,893 expenses vs. $1,945,086 revenue). This suggests the organization may rely on accumulated reserves, grants, or other non-operating income to cover these shortfalls, though the specific sources are not detailed in the provided data.
What is the specific nature of the organization's program activities?
Based on the name '753 Classon Avenue Housing Company' and the financial patterns, it is highly likely involved in affordable housing development or management. However, without an NTEE code or program service expense details, the exact nature of its programs remains unspecified in the provided data.
Filing History
IRS 990 filing history for 753 Classon Avenue Housing Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), 753 Classon Avenue Housing Company's revenue has grown by 41.2%, moving from $1.4M to $1.9M. Total assets increased by 260.3% over the same period, from $1.8M to $6.4M. Total functional expenses rose by 61%, from $1.4M to $2.2M. In its most recent filing year (2024), 753 Classon Avenue Housing Company reported a deficit of $252K, with expenses exceeding revenue. The organization holds $7.6M in liabilities against $6.4M in assets (debt-to-asset ratio: 119.3%), resulting in net assets of $-1,233,112.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $2.2M | $6.4M | $7.6M | — | View 990 |
| 2023 | $1.7M | $2.0M | $1.4M | $2.3M | — | View 990 |
| 2021 | $1.7M | $1.8M | $1.7M | $2.2M | — | — |
| 2020 | $1.7M | $1.7M | $1.6M | $2.0M | — | — |
| 2019 | $1.7M | $1.7M | $1.5M | $1.8M | — | View 990 |
| 2018 | $1.6M | $1.6M | $1.5M | $1.9M | — | View 990 |
| 2017 | $1.6M | $1.5M | $1.5M | $1.9M | — | View 990 |
| 2016 | $1.5M | $1.7M | $1.7M | $2.2M | — | View 990 |
| 2015 | $1.5M | $1.5M | $1.2M | $1.5M | — | View 990 |
| 2014 | $1.5M | $1.6M | $1.2M | $1.5M | — | View 990 |
| 2013 | $1.4M | $1.7M | $1.3M | $1.4M | — | View 990 |
| 2012 | $1.4M | $1.5M | $1.5M | $1.3M | — | View 990 |
| 2011 | $1.4M | $1.4M | $1.8M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.9M, expenses of $2.2M, and assets of $6.4M (revenue +11.4% year-over-year).
- 2023: Revenue of $1.7M, expenses of $2.0M, and assets of $1.4M (revenue +4.5% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.8M, and assets of $1.7M (revenue +1.1% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.7M, and assets of $1.6M (revenue -5.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $1.5M (revenue +6.7% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $1.5M (revenue +1.7% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $1.5M (revenue +5.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.7M, and assets of $1.7M (revenue +1.9% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $1.2M (revenue -0.5% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.6M, and assets of $1.2M (revenue +10.9% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.7M, and assets of $1.3M (revenue -1.2% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.5M, and assets of $1.5M (revenue -0.2% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 753 Classon Avenue Housing Company:
Data Sources and Methodology
This transparency report for 753 Classon Avenue Housing Company 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.