Ahi Ezer Housing Development Fund Corp
Ahi Ezer Housing Development Fund Corp operates near break-even with declining assets and consistent liabilities.
EIN: 112467267 · Brooklyn, NY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.7M |
| Program Spending | 90% |
| Net Assets | $-252,425 |
| Transparency Score | 75/100 |
Is Ahi Ezer Housing Development Fund Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ahi Ezer Housing Development Fund Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ahi Ezer Housing Development Fund Corp
Ahi Ezer Housing Development Fund Corp (EIN: 112467267) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code L20. The organization reported total revenue of $1.9M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ahi Ezer Housing Development Fund Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ahi Ezer Housing Development Fund Corp is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-532 |
| Total Assets | $2.6M |
| Total Liabilities | $2.9M |
| Net Assets | $-252,425 |
| Operating Margin | -0.0% |
| Debt-to-Asset Ratio | 109.5% |
| Months of Reserves | 18.4 months |
Financial Health Grade: C
In 2023, Ahi Ezer Housing Development Fund Corp reported a deficit of $532 with expenses exceeding revenue, holds 18.4 months of operating reserves (strong position), has a debt-to-asset ratio of 109.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ahi Ezer Housing Development Fund Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | -1.5% | +3.7% |
| 2022 | +1.6% | +10.0% | -4.3% |
| 2021 | +1.5% | -5.1% | +1.4% |
| 2020 | +2.1% | -2.0% | -4.5% |
| 2019 | +3.4% | +0.9% | -6.8% |
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 Ahi Ezer Housing Development Fund Corp 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, Ahi Ezer Housing Development Fund Corp 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 $532, with expenses exceeding revenue.
- Debt-to-asset ratio: 109.5%.
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 a related entity and not directly compensated by Ahi Ezer Housing Development Fund Corp.
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 Ahi Ezer Housing Development Fund Corp's IRS 990 filings:
- Consistent negative net asset position (liabilities exceeding assets, e.g., $2,900,718 liabilities vs. $2,648,293 assets in 2023)
- Declining asset base over the past decade (from $4,333,714 in 2015 to $2,648,293 in 2023)
Strengths
The following positive indicators were identified for Ahi Ezer Housing Development Fund Corp:
- Consistent operational activity and revenue generation over a long period (13 filings)
- Strong transparency regarding executive compensation (consistently reported as 0%)
- NTEE code L20 (Housing Development, Construction, Management) aligns with the organization's name and suggests a clear program focus.
Frequently Asked Questions about Ahi Ezer Housing Development Fund Corp
Is Ahi Ezer Housing Development Fund Corp a legitimate charity?
Ahi Ezer Housing Development Fund Corp (EIN: 112467267) 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. 3 strengths noted. Financial health grade: C.
How does Ahi Ezer Housing Development Fund Corp spend its money?
Ahi Ezer Housing Development Fund Corp directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Ahi Ezer Housing Development Fund Corp tax-deductible?
Ahi Ezer Housing Development Fund Corp is registered as a tax-exempt nonprofit (EIN: 112467267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ahi Ezer Housing Development Fund Corp's spending goes to programs?
Ahi Ezer Housing Development Fund Corp directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ahi Ezer Housing Development Fund Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Ahi Ezer Housing Development Fund Corp is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ahi Ezer Housing Development Fund Corp located?
Ahi Ezer Housing Development Fund Corp is headquartered in Brooklyn, New York and files with the IRS under EIN 112467267. It is classified under NTEE code L20.
How many years of IRS 990 filings does Ahi Ezer Housing Development Fund Corp have?
Ahi Ezer Housing Development Fund 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 $1.9M in total revenue.
How does Ahi Ezer Housing Development Fund Corp manage its consistent net deficits, such as the $532 deficit in 2023 ($1,727,111 revenue vs. $1,727,643 expenses)?
The organization consistently operates near break-even or with slight deficits, which could be managed through reserves, specific project funding, or by the nature of its housing development model where expenses might be offset by non-revenue financial activities not fully captured in simple revenue/expense comparisons.
What is the reason for the decline in assets from $4,333,714 in 2015 to $2,648,293 in 2023?
The decline in assets could be due to depreciation of properties, sale of assets, or a shift in the organization's operational model or portfolio of housing developments. Further investigation into the balance sheet details would be needed.
Why do liabilities consistently exceed assets in recent years, such as $2,900,718 in liabilities versus $2,648,293 in assets in 2023?
Liabilities exceeding assets indicates a negative net asset position. This is common for some housing development funds that rely heavily on debt financing for their projects. It suggests a high leverage ratio, which could be a concern if not managed effectively.
Given the 0% officer compensation, how are executive functions and leadership roles fulfilled within the organization?
The consistent 0% officer compensation suggests that executive leadership may be provided by volunteers, or through a related entity that covers these costs, or that the organization's structure does not involve direct compensation for its officers from its own funds.
Filing History
IRS 990 filing history for Ahi Ezer Housing Development Fund Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ahi Ezer Housing Development Fund Corp's revenue has grown by 21.7%, moving from $1.4M to $1.7M. Total assets increased by 56.5% over the same period, from $1.7M to $2.6M. Total functional expenses rose by 27.5%, from $1.4M to $1.7M. In its most recent filing year (2023), Ahi Ezer Housing Development Fund Corp reported a deficit of $532, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $2.6M in assets (debt-to-asset ratio: 109.5%), resulting in net assets of $-252,425.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $2.6M | $2.9M | — | — |
| 2022 | $1.7M | $1.8M | $2.6M | $2.8M | — | View 990 |
| 2021 | $1.6M | $1.6M | $2.7M | $2.8M | — | View 990 |
| 2020 | $1.6M | $1.7M | $2.6M | $2.8M | — | — |
| 2019 | $1.6M | $1.7M | $2.8M | $2.9M | — | View 990 |
| 2018 | $1.5M | $1.7M | $3.0M | $3.0M | — | View 990 |
| 2017 | $1.5M | $1.7M | $3.1M | $3.0M | — | View 990 |
| 2016 | $1.5M | $1.6M | $3.6M | $3.3M | — | View 990 |
| 2015 | $1.5M | $1.5M | $4.3M | $4.0M | — | View 990 |
| 2014 | $1.4M | $1.5M | $1.5M | $1.1M | — | View 990 |
| 2013 | $1.4M | $1.4M | $1.5M | $1.1M | — | View 990 |
| 2012 | $1.4M | $1.4M | $1.5M | $1.2M | — | View 990 |
| 2011 | $1.4M | $1.4M | $1.7M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $2.6M (revenue +3.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.8M, and assets of $2.6M (revenue +1.6% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.6M, and assets of $2.7M (revenue +1.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.7M, and assets of $2.6M (revenue +2.1% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.7M, and assets of $2.8M (revenue +3.4% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.7M, and assets of $3.0M (revenue +0.4% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.7M, and assets of $3.1M (revenue +0.9% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.6M, and assets of $3.6M (revenue +2.0% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $4.3M (revenue +3.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $1.5M (revenue +0.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $1.5M (revenue +4.2% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $1.5M (revenue -4.2% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ahi Ezer Housing Development Fund Corp:
Data Sources and Methodology
This transparency report for Ahi Ezer Housing Development Fund 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.