80 92 Ridge Street Housing Development Fund Company Inc
Housing Development Fund Company maintains consistent operations with growing revenue but significant liabilities.
EIN: 133584060 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.6M |
| Program Spending | 90% |
| Net Assets | $-1,134,083 |
| Transparency Score | 85/100 |
Is 80 92 Ridge Street 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 →
80 92 Ridge Street Housing Development Fund Company Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 80 92 Ridge Street Housing Development Fund Company Inc
80 92 Ridge Street Housing Development Fund Company Inc (EIN: 133584060) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.6M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 80 92 Ridge Street Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
80 92 Ridge Street Housing Development Fund Company Inc is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$172K |
| Total Assets | $4.6M |
| Total Liabilities | $5.7M |
| Net Assets | $-1,134,083 |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 124.8% |
| Months of Reserves | 21.3 months |
Financial Health Grade: A
In 2023, 80 92 Ridge Street Housing Development Fund Company Inc reported a surplus of $172K with revenue exceeding expenses, holds 21.3 months of operating reserves (strong position), has a debt-to-asset ratio of 124.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), 80 92 Ridge Street Housing Development Fund Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.7% | +4.3% | -5.9% |
| 2022 | +4.1% | +5.8% | -0.2% |
| 2021 | +6.7% | +3.7% | -0.2% |
| 2020 | +1.5% | +0.3% | -0.3% |
| 2019 | +6.7% | +5.2% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 80 92 Ridge Street Housing Development Fund Company Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, 80 92 Ridge Street 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 $172K, with revenue exceeding expenses.
- Debt-to-asset ratio: 124.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer-led executive team or that executive services are provided by an external entity not directly compensated by the organization, which is a positive indicator for resource allocation.
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 80 92 Ridge Street Housing Development Fund Company Inc's IRS 990 filings:
- Liabilities consistently exceed assets, indicating a potentially high debt burden or specific financing structure.
Strengths
The following positive indicators were identified for 80 92 Ridge Street Housing Development Fund Company Inc:
- Consistent revenue generation exceeding expenses, indicating operational sustainability.
- 0% reported officer compensation across all filings, suggesting efficient use of funds for mission.
- Strong program spending, with an estimated 90% of expenses directed towards programs.
Frequently Asked Questions about 80 92 Ridge Street Housing Development Fund Company Inc
Is 80 92 Ridge Street Housing Development Fund Company Inc a legitimate charity?
80 92 Ridge Street Housing Development Fund Company Inc (EIN: 133584060) 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: $2.6M. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does 80 92 Ridge Street Housing Development Fund Company Inc spend its money?
80 92 Ridge Street Housing Development Fund Company Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to 80 92 Ridge Street Housing Development Fund Company Inc tax-deductible?
80 92 Ridge Street Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 133584060). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 80 92 Ridge Street Housing Development Fund Company Inc located?
80 92 Ridge Street Housing Development Fund Company Inc is headquartered in New York, New York and files with the IRS under EIN 133584060.
How many years of IRS 990 filings does 80 92 Ridge Street Housing Development Fund Company Inc have?
80 92 Ridge Street 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 $2.6M in total revenue.
Is 80 92 Ridge Street Housing Development Fund Company Inc financially stable?
The organization consistently generates more revenue than expenses, indicating operational stability. However, its liabilities consistently exceed assets, which warrants further investigation into the nature of these liabilities (e.g., mortgages on properties) to fully assess long-term financial health.
How does the organization manage executive compensation?
All available IRS 990 filings show 0% officer compensation, suggesting that executive leadership is either volunteer-based or compensated through an affiliated entity, which is a strong positive for direct program spending.
What is the trend in the organization's assets and liabilities?
Assets have shown a slight decline from $5,929,170 in 201406 to $4,567,135 in 202306, while liabilities have also decreased from $7,864,744 to $5,701,218 over the same period. The gap between liabilities and assets remains substantial.
Filing History
IRS 990 filing history for 80 92 Ridge Street Housing Development Fund Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 80 92 Ridge Street Housing Development Fund Company Inc's revenue has grown by 49%, moving from $1.8M to $2.7M. Total assets decreased by 30.2% over the same period, from $6.5M to $4.6M. Total functional expenses rose by 35.1%, from $1.9M to $2.6M. In its most recent filing year (2023), 80 92 Ridge Street Housing Development Fund Company Inc reported a surplus of $172K, with revenue exceeding expenses. The organization holds $5.7M in liabilities against $4.6M in assets (debt-to-asset ratio: 124.8%), resulting in net assets of $-1,134,083.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.6M | $4.6M | $5.7M | — | — |
| 2022 | $2.7M | $2.5M | $4.9M | $6.2M | — | View 990 |
| 2021 | $2.6M | $2.3M | $4.9M | $6.4M | — | View 990 |
| 2020 | $2.4M | $2.3M | $4.9M | $6.7M | — | View 990 |
| 2019 | $2.4M | $2.2M | $4.9M | $6.9M | — | View 990 |
| 2018 | $2.2M | $2.1M | $5.1M | $7.2M | — | View 990 |
| 2017 | $1.9M | $2.0M | $5.1M | $7.3M | — | View 990 |
| 2016 | $1.9M | $2.0M | $5.4M | $7.5M | — | View 990 |
| 2015 | $1.9M | $2.0M | $5.7M | $7.7M | — | View 990 |
| 2014 | $1.9M | $2.0M | $5.9M | $7.9M | — | View 990 |
| 2013 | $1.8M | $2.0M | $6.2M | $8.0M | — | View 990 |
| 2012 | $1.8M | $1.9M | $6.4M | $8.1M | — | View 990 |
| 2011 | $1.8M | $1.9M | $6.5M | $8.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.6M, and assets of $4.6M (revenue +1.7% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.5M, and assets of $4.9M (revenue +4.1% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.3M, and assets of $4.9M (revenue +6.7% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.3M, and assets of $4.9M (revenue +1.5% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.2M, and assets of $4.9M (revenue +6.7% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.1M, and assets of $5.1M (revenue +20.1% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.0M, and assets of $5.1M (revenue -1.6% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.0M, and assets of $5.4M (revenue +1.2% year-over-year).
- 2015: Revenue of $1.9M, expenses of $2.0M, and assets of $5.7M (revenue +1.1% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.0M, and assets of $5.9M (revenue +1.7% year-over-year).
- 2013: Revenue of $1.8M, expenses of $2.0M, and assets of $6.2M (revenue -0.8% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.9M, and assets of $6.4M (revenue -0.2% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.9M, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 80 92 Ridge Street Housing Development Fund Company Inc:
Data Sources and Methodology
This transparency report for 80 92 Ridge Street 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.