Alma Rangel Gardens Housing
Alma Rangel Gardens Housing consistently operates with deficits, maintaining high liabilities relative to assets.
EIN: 134066940 · New York, NY · NTEE: P73 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $1.7M |
| Program Spending | 80% |
| Net Assets | $-3,802,637 |
| Transparency Score | 65/100 |
Is Alma Rangel Gardens Housing Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alma Rangel Gardens Housing directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alma Rangel Gardens Housing
Alma Rangel Gardens Housing (EIN: 134066940) is a nonprofit organization based in New York, NY, classified under NTEE code P73. The organization reported total revenue of $2.6M and total assets of $7.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alma Rangel Gardens Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alma Rangel Gardens Housing is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-226,910 |
| Total Assets | $7.0M |
| Total Liabilities | $10.8M |
| Net Assets | $-3,802,637 |
| Operating Margin | -15.2% |
| Debt-to-Asset Ratio | 154.4% |
| Months of Reserves | 48.8 months |
Financial Health Grade: C
In 2023, Alma Rangel Gardens Housing reported a deficit of $227K with expenses exceeding revenue, holds 48.8 months of operating reserves (strong position), has a debt-to-asset ratio of 154.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Alma Rangel Gardens Housing's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | +6.1% | -3.9% |
| 2022 | +3.4% | +6.0% | -2.8% |
| 2021 | -1.9% | +11.0% | -3.3% |
| 2020 | +33.5% | +3.7% | +1.7% |
| 2019 | +0.6% | +8.6% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Alma Rangel Gardens Housing with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Alma Rangel Gardens Housing allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $227K, with expenses exceeding revenue.
- Debt-to-asset ratio: 154.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is handled by a related entity, which is a positive indicator for direct program spending relative to its size.
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 Alma Rangel Gardens Housing's IRS 990 filings:
- Consistent operational deficits (e.g., 2023 expenses $1.7M vs. revenue $1.49M)
- High liabilities consistently exceeding assets (e.g., 2023 assets $6.9M vs. liabilities $10.7M)
- Gradual decline in total assets over the past decade (from $8.5M in 2014 to $6.9M in 2023)
Strengths
The following positive indicators were identified for Alma Rangel Gardens Housing:
- Consistent IRS 990 filing history (13 filings) indicating transparency
- No reported officer compensation, suggesting efficient use of funds for mission
- Consistent revenue generation over a decade, indicating stable operational funding
Frequently Asked Questions about Alma Rangel Gardens Housing
Is Alma Rangel Gardens Housing a legitimate charity?
Alma Rangel Gardens Housing (EIN: 134066940) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.6M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Alma Rangel Gardens Housing spend its money?
Alma Rangel Gardens Housing directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Alma Rangel Gardens Housing tax-deductible?
Alma Rangel Gardens Housing is registered as a tax-exempt nonprofit (EIN: 134066940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Alma Rangel Gardens Housing's spending goes to programs?
Alma Rangel Gardens Housing directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Alma Rangel Gardens Housing compare to similar nonprofits?
With a transparency score of 65/100 (Good), Alma Rangel Gardens Housing is above average for NTEE category P73 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Alma Rangel Gardens Housing located?
Alma Rangel Gardens Housing is headquartered in New York, New York and files with the IRS under EIN 134066940. It is classified under NTEE code P73.
How many years of IRS 990 filings does Alma Rangel Gardens Housing have?
Alma Rangel Gardens Housing 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.
How does Alma Rangel Gardens Housing cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue, for example, $1,717,732 in expenses against $1,490,822 in revenue in 2023. This suggests they may be drawing from accumulated reserves, receiving non-operating income not reflected in the 'Revenue' figure, or relying on debt financing to cover the gap.
What is the nature of the organization's high liabilities?
With liabilities consistently around $10.8 million and assets ranging from $6.9 million to $8.5 million, it's highly probable that these liabilities are primarily long-term debt related to the acquisition, construction, or maintenance of its housing properties, which is common for housing organizations (NTEE P73).
Why is there no officer compensation reported?
The consistent reporting of 0% officer compensation across all 13 filings is unusual for an organization of this size. It could indicate that executive roles are filled by volunteers, or that compensation is paid by a parent organization or related entity and not directly reported on this specific 990.
Is the organization's asset decline a concern?
Assets have decreased from $8,581,482 in 2014 to $6,985,662 in 2023. While not a drastic decline, this trend, coupled with consistent operational deficits, suggests a gradual erosion of the organization's financial base, which could be a concern for long-term sustainability if not addressed.
Filing History
IRS 990 filing history for Alma Rangel Gardens Housing showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Alma Rangel Gardens Housing's revenue has grown by 53.7%, moving from $970K to $1.5M. Total assets decreased by 23.6% over the same period, from $9.1M to $7.0M. Total functional expenses rose by 56.7%, from $1.1M to $1.7M. In its most recent filing year (2023), Alma Rangel Gardens Housing reported a deficit of $227K, with expenses exceeding revenue. The organization holds $10.8M in liabilities against $7.0M in assets (debt-to-asset ratio: 154.4%), resulting in net assets of $-3,802,637.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.7M | $7.0M | $10.8M | — | — |
| 2022 | $1.4M | $1.6M | $7.3M | $10.8M | — | View 990 |
| 2021 | $1.4M | $1.5M | $7.5M | $10.9M | — | — |
| 2020 | $1.4M | $1.4M | $7.7M | $11.0M | — | View 990 |
| 2019 | $1.1M | $1.3M | $7.6M | $10.9M | — | View 990 |
| 2018 | $1.0M | $1.2M | $7.8M | $10.8M | — | View 990 |
| 2017 | $962K | $1.2M | $8.0M | $10.8M | — | View 990 |
| 2016 | $973K | $1.1M | $8.2M | $10.8M | — | View 990 |
| 2015 | $943K | $1.2M | $8.4M | $10.8M | — | View 990 |
| 2014 | $959K | $1.1M | $8.6M | $10.8M | — | View 990 |
| 2013 | $950K | $1.1M | $8.7M | $10.8M | — | View 990 |
| 2012 | $943K | $1.1M | $8.9M | $10.9M | — | View 990 |
| 2011 | $970K | $1.1M | $9.1M | $11.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.7M, and assets of $7.0M (revenue +4.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.6M, and assets of $7.3M (revenue +3.4% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.5M, and assets of $7.5M (revenue -1.9% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $7.7M (revenue +33.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.3M, and assets of $7.6M (revenue +0.6% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.2M, and assets of $7.8M (revenue +9.1% year-over-year).
- 2017: Revenue of $962K, expenses of $1.2M, and assets of $8.0M (revenue -1.1% year-over-year).
- 2016: Revenue of $973K, expenses of $1.1M, and assets of $8.2M (revenue +3.2% year-over-year).
- 2015: Revenue of $943K, expenses of $1.2M, and assets of $8.4M (revenue -1.7% year-over-year).
- 2014: Revenue of $959K, expenses of $1.1M, and assets of $8.6M (revenue +1.0% year-over-year).
- 2013: Revenue of $950K, expenses of $1.1M, and assets of $8.7M (revenue +0.8% year-over-year).
- 2012: Revenue of $943K, expenses of $1.1M, and assets of $8.9M (revenue -2.9% year-over-year).
- 2011: Revenue of $970K, expenses of $1.1M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alma Rangel Gardens Housing:
Data Sources and Methodology
This transparency report for Alma Rangel Gardens Housing 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.