Amboy Properties Corporation
Amboy Properties Corporation shows significant asset growth and no officer compensation, but detailed spending efficiency is unclear.
EIN: 112814707 · Brooklyn, NY · NTEE: E22I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $823K |
| Program Spending | 80% |
| Net Assets | $-2,675,927 |
| Transparency Score | 75/100 |
Is Amboy Properties Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amboy Properties Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Amboy Properties Corporation
Amboy Properties Corporation (EIN: 112814707) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code E22I. The organization reported total revenue of $1.9M and total assets of $39.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amboy Properties Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amboy Properties Corporation is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $823K |
| Surplus / Deficit | +$1.0M |
| Total Assets | $18.4M |
| Total Liabilities | $21.1M |
| Net Assets | $-2,675,927 |
| Operating Margin | 55.8% |
| Debt-to-Asset Ratio | 114.6% |
| Months of Reserves | 268.0 months |
Financial Health Grade: A
In 2023, Amboy Properties Corporation reported a surplus of $1.0M with revenue exceeding expenses, holds 268.0 months of operating reserves (strong position), has a debt-to-asset ratio of 114.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Amboy Properties Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.8% | +53.1% | +123.0% |
| 2022 | -35.9% | -36.1% | -3.1% |
| 2021 | +13.8% | +8.3% | +196.4% |
| 2020 | -4.0% | -24.1% | +69.9% |
| 2019 | +7.4% | -7.8% | -55.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Amboy Properties Corporation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Amboy Properties Corporation 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 surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 114.6%.
Executive Compensation Analysis
Amboy Properties Corporation consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its executives, which is a strong positive for financial stewardship.
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 Amboy Properties Corporation's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data, hindering full efficiency assessment.
- Historically, liabilities have significantly exceeded assets in many periods (e.g., 2020: Assets $2.8M, Liabilities $8.5M), though this trend has reversed in the latest filing.
Strengths
The following positive indicators were identified for Amboy Properties Corporation:
- Consistent 0% officer compensation across all reported periods, indicating strong financial stewardship regarding executive pay.
- Significant and consistent revenue generation, with latest revenue at $1,933,885.
- Substantial growth in assets, from $8,241,688 in 2022 to $39,345,975 in the latest period, suggesting active mission-related investment.
- Positive net assets in the latest filing ($39,345,975 assets vs. $21,057,609 liabilities in 2023, and further improvement in the latest period).
Frequently Asked Questions about Amboy Properties Corporation
Is Amboy Properties Corporation a legitimate charity?
Amboy Properties Corporation (EIN: 112814707) 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: A.
How does Amboy Properties Corporation spend its money?
Amboy Properties Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Amboy Properties Corporation tax-deductible?
Amboy Properties Corporation is registered as a tax-exempt nonprofit (EIN: 112814707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Amboy Properties Corporation's spending goes to programs?
Amboy Properties Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Amboy Properties Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Amboy Properties Corporation is above average for NTEE category E22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Amboy Properties Corporation located?
Amboy Properties Corporation is headquartered in Brooklyn, New York and files with the IRS under EIN 112814707. It is classified under NTEE code E22I.
How many years of IRS 990 filings does Amboy Properties Corporation have?
Amboy Properties Corporation 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 is the specific breakdown of Amboy Properties Corporation's expenses (program, administrative, fundraising)?
The provided data only gives total expenses. A detailed breakdown is needed to fully assess spending efficiency. For example, in 2023, total expenses were $823,157, but how this was allocated across different functions is not specified.
What is the nature of the significant increase in assets and liabilities in recent years?
Assets grew from $8,241,688 in 2022 to $18,381,682 in 2023, and further to $39,345,975 in the latest period. Liabilities also increased significantly. This suggests substantial property acquisition or development, which aligns with its housing mission, but the specific projects or financing methods are not detailed.
How does Amboy Properties Corporation fund its operations given 0% officer compensation?
With no officer compensation, the organization likely relies on other staffing models or volunteer efforts for executive functions, or these costs are absorbed within other expense categories. Further detail on staffing and operational structure would clarify this.
Filing History
IRS 990 filing history for Amboy Properties Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Amboy Properties Corporation's revenue has grown by 17.5%, moving from $1.6M to $1.9M. Total assets increased by 236.8% over the same period, from $5.5M to $18.4M. Total functional expenses fell by 61.2%, from $2.1M to $823K. In its most recent filing year (2023), Amboy Properties Corporation reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $21.1M in liabilities against $18.4M in assets (debt-to-asset ratio: 114.6%), resulting in net assets of $-2,675,927.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $823K | $18.4M | $21.1M | — | — |
| 2022 | $1.3M | $538K | $8.2M | $12.0M | — | View 990 |
| 2021 | $2.1M | $841K | $8.5M | $13.0M | — | View 990 |
| 2020 | $1.8M | $777K | $2.9M | $8.6M | — | View 990 |
| 2019 | $1.9M | $1.0M | $1.7M | $8.4M | — | View 990 |
| 2018 | $1.8M | $1.1M | $3.8M | $11.5M | — | View 990 |
| 2017 | $1.8M | $1.1M | $4.2M | $12.5M | — | View 990 |
| 2016 | $1.7M | $1.2M | $3.9M | $12.9M | — | View 990 |
| 2015 | $1.7M | $1.3M | $4.0M | $13.5M | — | View 990 |
| 2014 | $1.6M | $1.9M | $4.0M | $13.9M | — | View 990 |
| 2013 | $1.5M | $1.9M | $4.7M | $14.2M | — | View 990 |
| 2012 | $1.4M | $2.0M | $5.1M | $14.2M | — | View 990 |
| 2011 | $1.6M | $2.1M | $5.5M | $14.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $823K, and assets of $18.4M (revenue +40.8% year-over-year).
- 2022: Revenue of $1.3M, expenses of $538K, and assets of $8.2M (revenue -35.9% year-over-year).
- 2021: Revenue of $2.1M, expenses of $841K, and assets of $8.5M (revenue +13.8% year-over-year).
- 2020: Revenue of $1.8M, expenses of $777K, and assets of $2.9M (revenue -4.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.0M, and assets of $1.7M (revenue +7.4% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.1M, and assets of $3.8M (revenue -0.4% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.1M, and assets of $4.2M (revenue +3.5% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.2M, and assets of $3.9M (revenue +0.1% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.3M, and assets of $4.0M (revenue +8.7% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.9M, and assets of $4.0M (revenue +4.5% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.9M, and assets of $4.7M (revenue +3.5% year-over-year).
- 2012: Revenue of $1.4M, expenses of $2.0M, and assets of $5.1M (revenue -8.7% year-over-year).
- 2011: Revenue of $1.6M, expenses of $2.1M, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amboy Properties Corporation:
Data Sources and Methodology
This transparency report for Amboy Properties Corporation 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.