Asbury Terrace Housing & Development Fund Co Inc
Asbury Terrace Housing & Development Fund Co Inc maintains stable finances with no executive compensation and decreasing liabilities.
EIN: 132674233 · Elmsford, NY · NTEE: L21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $3.8M |
| Transparency Score | 90/100 |
Is Asbury Terrace Housing & Development Fund Co Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Asbury Terrace Housing & Development Fund Co Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Asbury Terrace Housing & Development Fund Co Inc
Asbury Terrace Housing & Development Fund Co Inc (EIN: 132674233) is a nonprofit organization based in Elmsford, NY, classified under NTEE code L21Z. The organization reported total revenue of $1.7M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asbury Terrace Housing & Development Fund Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asbury Terrace Housing & Development Fund Co Inc is a mid-size nonprofit that has been operating for 33 years, with 9 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$16K |
| Total Assets | $4.3M |
| Total Liabilities | $475K |
| Net Assets | $3.8M |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 11.0% |
| Months of Reserves | 30.8 months |
Financial Health Grade: A
In 2020, Asbury Terrace Housing & Development Fund Co Inc reported a surplus of $16K with revenue exceeding expenses, holds 30.8 months of operating reserves (strong position), has a debt-to-asset ratio of 11.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2020), Asbury Terrace Housing & Development Fund Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +0.6% | +11.6% | -4.9% |
| 2019 | +1.0% | +4.7% | -0.5% |
| 2018 | +1.4% | +1.0% | +0.7% |
| 2017 | +4.6% | -3.3% | +0.5% |
| 2016 | +0.2% | +1.1% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Asbury Terrace Housing & Development Fund Co Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Asbury Terrace Housing & Development Fund Co Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with over $1.6 million in annual revenue and suggests a volunteer-led or externally compensated leadership structure, which is very positive 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.
Strengths
The following positive indicators were identified for Asbury Terrace Housing & Development Fund Co Inc:
- Consistent revenue generation covering expenses
- Significant reduction in liabilities over time, from $2,013,197 in 2012 to $474,679 in 2020
- 0% officer compensation reported across all filings, indicating high efficiency and mission focus
- Stable asset base, maintaining over $4 million in assets
- Lean operational margin, with expenses closely matching revenue ($1,682,896 expenses vs $1,699,218 revenue in 2020)
Frequently Asked Questions about Asbury Terrace Housing & Development Fund Co Inc
Is Asbury Terrace Housing & Development Fund Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Asbury Terrace Housing & Development Fund Co Inc (EIN: 132674233) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Asbury Terrace Housing & Development Fund Co Inc spend its money?
Asbury Terrace Housing & Development Fund Co Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Asbury Terrace Housing & Development Fund Co Inc tax-deductible?
Asbury Terrace Housing & Development Fund Co Inc is registered as a tax-exempt nonprofit (EIN: 132674233). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Asbury Terrace Housing & Development Fund Co Inc CEO make?
Asbury Terrace Housing & Development Fund Co Inc's highest-compensated officer earns $1.6 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Asbury Terrace Housing & Development Fund Co Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Asbury Terrace Housing & Development Fund Co Inc is above average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Asbury Terrace Housing & Development Fund Co Inc located?
Asbury Terrace Housing & Development Fund Co Inc is headquartered in Elmsford, New York and files with the IRS under EIN 132674233. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Asbury Terrace Housing & Development Fund Co Inc have?
Asbury Terrace Housing & Development Fund Co Inc has 9 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 $1.7M in total revenue.
Is Asbury Terrace Housing & Development Fund Co Inc financially stable?
Yes, the organization appears financially stable. Its revenues consistently cover expenses, and it has significantly reduced its liabilities over the past decade, from over $2 million in 2012 to under $500,000 in 2020.
How efficiently does Asbury Terrace Housing & Development Fund Co Inc use its funds?
The organization appears highly efficient, with 0% reported officer compensation and expenses closely aligned with revenue. The significant reduction in liabilities also points to effective financial management.
Does Asbury Terrace Housing & Development Fund Co Inc pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no executives or officers are paid directly by the organization.
Filing History
IRS 990 filing history for Asbury Terrace Housing & Development Fund Co Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2020), Asbury Terrace Housing & Development Fund Co Inc's revenue has grown by 5.7%, moving from $1.6M to $1.7M. Total assets decreased by 1.6% over the same period, from $4.4M to $4.3M. Total functional expenses rose by 54.4%, from $1.1M to $1.7M. In its most recent filing year (2020), Asbury Terrace Housing & Development Fund Co Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $475K in liabilities against $4.3M in assets (debt-to-asset ratio: 11.0%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1.7M | $1.7M | $4.3M | $475K | — | View 990 |
| 2019 | $1.7M | $1.5M | $4.5M | $714K | — | View 990 |
| 2018 | $1.7M | $1.4M | $4.6M | $916K | — | — |
| 2017 | $1.6M | $1.4M | $4.5M | $1.1M | — | View 990 |
| 2016 | $1.6M | $1.5M | $4.5M | $1.3M | — | View 990 |
| 2015 | $1.6M | $1.5M | $4.6M | $1.5M | — | View 990 |
| 2014 | $1.6M | $1.4M | $4.7M | $1.7M | — | View 990 |
| 2013 | $1.6M | $1.3M | $4.7M | $2.0M | — | View 990 |
| 2012 | $1.6M | $1.1M | $4.4M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1.7M, expenses of $1.7M, and assets of $4.3M (revenue +0.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.5M, and assets of $4.5M (revenue +1.0% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.4M, and assets of $4.6M (revenue +1.4% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.4M, and assets of $4.5M (revenue +4.6% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $4.5M (revenue +0.2% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $4.6M (revenue -1.0% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.4M, and assets of $4.7M (revenue -2.3% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.3M, and assets of $4.7M (revenue +1.2% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.1M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asbury Terrace Housing & Development Fund Co Inc:
Data Sources and Methodology
This transparency report for Asbury Terrace Housing & Development Fund Co 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.