Ahrc Nyc New Projects Inc
Ahrc Nyc New Projects Inc. shows fluctuating revenues and consistent expenses, with zero reported officer compensation.
EIN: 133587176 · New York, NY · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.4M |
| Total Expenses | $4.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $65 |
| Net Assets | $23.6M |
| Transparency Score | 80/100 |
Is Ahrc Nyc New Projects Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ahrc Nyc New Projects Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ahrc Nyc New Projects Inc
Ahrc Nyc New Projects Inc (EIN: 133587176) is a nonprofit organization based in New York, NY, classified under NTEE code P820. The organization reported total revenue of $12.4M and total assets of $66.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ahrc Nyc New Projects Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ahrc Nyc New Projects Inc is a large nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-488,972 |
| Total Assets | $64.7M |
| Total Liabilities | $41.1M |
| Net Assets | $23.6M |
| Operating Margin | -13.1% |
| Debt-to-Asset Ratio | 63.6% |
| Months of Reserves | 183.6 months |
Financial Health Grade: C
In 2023, Ahrc Nyc New Projects Inc reported a deficit of $489K with expenses exceeding revenue, holds 183.6 months of operating reserves (strong position), has a debt-to-asset ratio of 63.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ahrc Nyc New Projects Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -86.9% | -0.3% | -5.1% |
| 2022 | +686.3% | +8.2% | +15.9% |
| 2021 | -21.1% | -2.7% | +7.2% |
| 2020 | +1.9% | -6.9% | +6.2% |
| 2019 | -7.7% | -7.2% | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Ahrc Nyc New Projects Inc with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Ahrc Nyc New Projects Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $489K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization with assets exceeding $65 million and annual expenses in the millions.
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 Ahrc Nyc New Projects Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $28.5M in 2022 vs. $3.7M in 2023).
- Expenses exceeding revenue in the most recent filing (2023), indicating an operational deficit.
- Historically high liabilities, sometimes exceeding total assets, though this trend has improved recently.
Strengths
The following positive indicators were identified for Ahrc Nyc New Projects Inc:
- Consistently reports 0% officer compensation, indicating a strong commitment to minimizing executive overhead.
- Substantial asset base ($65,976,837 latest) provides financial stability.
- Positive net assets in recent years, reversing a trend of liabilities exceeding assets.
- Long filing history (13 filings) indicates established operations and consistent reporting.
Frequently Asked Questions about Ahrc Nyc New Projects Inc
Is Ahrc Nyc New Projects Inc a legitimate charity?
Ahrc Nyc New Projects Inc (EIN: 133587176) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.4M. 3 red flags identified. 4 strengths noted. Financial health grade: C.
How does Ahrc Nyc New Projects Inc spend its money?
Ahrc Nyc New Projects Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ahrc Nyc New Projects Inc tax-deductible?
Ahrc Nyc New Projects Inc is registered as a tax-exempt nonprofit (EIN: 133587176). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ahrc Nyc New Projects Inc CEO make?
Ahrc Nyc New Projects Inc's highest-compensated officer earns $65 annually. The organization reported $12.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ahrc Nyc New Projects Inc's spending goes to programs?
Ahrc Nyc New Projects Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ahrc Nyc New Projects Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Ahrc Nyc New Projects Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ahrc Nyc New Projects Inc located?
Ahrc Nyc New Projects Inc is headquartered in New York, New York and files with the IRS under EIN 133587176. It is classified under NTEE code P820.
How many years of IRS 990 filings does Ahrc Nyc New Projects Inc have?
Ahrc Nyc New Projects 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 $12.4M in total revenue.
Why was there a significant revenue spike in 2022 ($28,554,112) compared to other years?
The provided data does not specify the source of this revenue spike, but it significantly boosted the organization's assets and financial position in that period.
How does Ahrc Nyc New Projects Inc. manage to operate with zero officer compensation?
This suggests that executive leadership may be compensated through a related entity, or that the roles are filled by volunteers, or that compensation is structured in a way not reported as 'officer compensation' on the 990.
What is the primary driver of the organization's liabilities, which have historically been very high?
Given the NTEE code P820 (Housing & Shelter for Persons with Disabilities), it is likely that significant liabilities are related to mortgages or other financing for real estate and facilities.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a granular breakdown of expenses beyond total expenses, making it difficult to precisely determine spending efficiency ratios.
Filing History
IRS 990 filing history for Ahrc Nyc New Projects Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ahrc Nyc New Projects Inc's revenue has declined by 29.9%, moving from $5.3M to $3.7M. Total assets decreased by 15.1% over the same period, from $76.2M to $64.7M. Total functional expenses fell by 24.7%, from $5.6M to $4.2M. In its most recent filing year (2023), Ahrc Nyc New Projects Inc reported a deficit of $489K, with expenses exceeding revenue. The organization holds $41.1M in liabilities against $64.7M in assets (debt-to-asset ratio: 63.6%), resulting in net assets of $23.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $4.2M | $64.7M | $41.1M | — | — |
| 2022 | $28.6M | $4.2M | $68.2M | $44.2M | — | View 990 |
| 2021 | $3.6M | $3.9M | $58.8M | $59.2M | — | View 990 |
| 2020 | $4.6M | $4.0M | $54.9M | $55.0M | — | View 990 |
| 2019 | $4.5M | $4.3M | $51.7M | $52.3M | — | View 990 |
| 2018 | $4.9M | $4.7M | $55.4M | $56.3M | — | View 990 |
| 2017 | $5.1M | $4.8M | $58.4M | $59.5M | — | View 990 |
| 2016 | $5.4M | $5.1M | $62.8M | $64.2M | — | View 990 |
| 2015 | $4.9M | $5.4M | $67.5M | $69.3M | — | View 990 |
| 2014 | $5.5M | $5.5M | $67.5M | $68.6M | — | View 990 |
| 2013 | $5.8M | $6.0M | $70.8M | $72.0M | — | View 990 |
| 2012 | $5.5M | $5.5M | $73.5M | $74.5M | — | View 990 |
| 2011 | $5.3M | $5.6M | $76.2M | $70.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $4.2M, and assets of $64.7M (revenue -86.9% year-over-year).
- 2022: Revenue of $28.6M, expenses of $4.2M, and assets of $68.2M (revenue +686.3% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.9M, and assets of $58.8M (revenue -21.1% year-over-year).
- 2020: Revenue of $4.6M, expenses of $4.0M, and assets of $54.9M (revenue +1.9% year-over-year).
- 2019: Revenue of $4.5M, expenses of $4.3M, and assets of $51.7M (revenue -7.7% year-over-year).
- 2018: Revenue of $4.9M, expenses of $4.7M, and assets of $55.4M (revenue -3.6% year-over-year).
- 2017: Revenue of $5.1M, expenses of $4.8M, and assets of $58.4M (revenue -5.9% year-over-year).
- 2016: Revenue of $5.4M, expenses of $5.1M, and assets of $62.8M (revenue +10.8% year-over-year).
- 2015: Revenue of $4.9M, expenses of $5.4M, and assets of $67.5M (revenue -12.2% year-over-year).
- 2014: Revenue of $5.5M, expenses of $5.5M, and assets of $67.5M (revenue -4.2% year-over-year).
- 2013: Revenue of $5.8M, expenses of $6.0M, and assets of $70.8M (revenue +4.8% year-over-year).
- 2012: Revenue of $5.5M, expenses of $5.5M, and assets of $73.5M (revenue +3.6% year-over-year).
- 2011: Revenue of $5.3M, expenses of $5.6M, and assets of $76.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ahrc Nyc New Projects Inc:
Data Sources and Methodology
This transparency report for Ahrc Nyc New Projects 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.