Asian American Housing Development Fund Company Inc
Asian American Housing Development Fund Company Inc. consistently operates with a surplus and reports no officer compensation.
EIN: 133376278 · New York, NY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $4.3M |
| Transparency Score | 85/100 |
Is Asian American Housing Development Fund Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Asian American Housing Development Fund Company Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Asian American Housing Development Fund Company Inc
Asian American Housing Development Fund Company Inc (EIN: 133376278) is a nonprofit organization based in New York, NY, classified under NTEE code L20. The organization reported total revenue of $2.5M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asian American Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asian American Housing Development Fund Company Inc is a mid-size nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2010–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$145K |
| Total Assets | $13.5M |
| Total Liabilities | $9.1M |
| Net Assets | $4.3M |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 67.8% |
| Months of Reserves | 72.2 months |
Financial Health Grade: A
In 2023, Asian American Housing Development Fund Company Inc reported a surplus of $145K with revenue exceeding expenses, holds 72.2 months of operating reserves (strong position), has a debt-to-asset ratio of 67.8% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.6% | +11.1% | -4.3% |
| 2022 | +3.2% | +0.8% | -1.0% |
| 2021 | +2.3% | +18.6% | -2.2% |
| 2020 | -0.3% | +11.2% | +0.9% |
| 2019 | +2.6% | -13.9% | +30.7% |
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 Asian American Housing Development Fund Company Inc with a Mission Score of 85 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, Asian American Housing Development Fund Company 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 surplus of $145K, with revenue exceeding expenses.
- Debt-to-asset ratio: 67.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with over $2 million in annual revenue and $13 million in assets.
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 Asian American Housing Development Fund Company Inc's IRS 990 filings:
- Significant liabilities relative to assets, though common for housing development, warrant closer examination of debt structure.
Strengths
The following positive indicators were identified for Asian American Housing Development Fund Company Inc:
- Consistent revenue exceeding expenses, indicating financial stability (e.g., 2023 revenue $2,382,922 vs. expenses $2,237,923).
- Zero officer compensation reported across all filings, demonstrating exceptional commitment to mission-focused spending.
- Stable and substantial asset base (e.g., $13,467,368 in 2023), supporting its housing development activities.
- Long history of IRS 990 filings (14 total), suggesting a well-established and regularly reporting organization.
Frequently Asked Questions about Asian American Housing Development Fund Company Inc
Is Asian American Housing Development Fund Company Inc a legitimate charity?
Asian American Housing Development Fund Company Inc (EIN: 133376278) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.5M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Asian American Housing Development Fund Company Inc spend its money?
Asian American Housing Development Fund Company Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Asian American Housing Development Fund Company Inc tax-deductible?
Asian American Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 133376278). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Asian American Housing Development Fund Company Inc CEO make?
Asian American Housing Development Fund Company Inc's highest-compensated officer earns $2 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Asian American Housing Development Fund Company Inc's spending goes to programs?
Asian American Housing Development Fund Company Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Asian American Housing Development Fund Company Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Asian American Housing Development Fund Company Inc 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 Asian American Housing Development Fund Company Inc located?
Asian American Housing Development Fund Company Inc is headquartered in New York, New York and files with the IRS under EIN 133376278. It is classified under NTEE code L20.
How many years of IRS 990 filings does Asian American Housing Development Fund Company Inc have?
Asian American Housing Development Fund Company Inc has 14 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 $2.5M in total revenue.
Is Asian American Housing Development Fund Company Inc. a good charity?
Based on the provided data, the organization appears to be a good charity. It consistently operates with a surplus, maintains substantial assets, and notably reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds at the executive level.
How does the organization manage its significant liabilities?
The organization consistently carries significant liabilities, such as $9,132,028 in 2023, which is common for housing development entities. Its consistent revenue generation (e.g., $2,382,922 in 2023) and stable asset base suggest these liabilities are likely tied to long-term housing projects and are being managed effectively through its operational income.
What is the trend in the organization's assets?
The organization's assets have been relatively stable over the past few years, hovering around $13-14 million. For example, assets were $13,467,368 in 2023 and $14,073,985 in 2022, indicating a consistent capacity to hold and manage significant property or investments related to its mission.
Filing History
IRS 990 filing history for Asian American Housing Development Fund Company Inc showing financial trends over 14 years of public records:
Total assets increased by 64.7% over the same period, from $8.2M to $13.5M. Total functional expenses rose by 87.5%, from $1.2M to $2.2M. In its most recent filing year (2023), Asian American Housing Development Fund Company Inc reported a surplus of $145K, with revenue exceeding expenses. The organization holds $9.1M in liabilities against $13.5M in assets (debt-to-asset ratio: 67.8%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.2M | $13.5M | $9.1M | — | — |
| 2022 | $2.2M | $2.0M | $14.1M | $9.4M | — | View 990 |
| 2021 | $2.1M | $2.0M | $14.2M | $9.1M | — | View 990 |
| 2020 | $2.1M | $1.7M | $14.5M | $9.1M | — | View 990 |
| 2019 | $2.1M | $1.5M | $14.4M | $9.2M | — | View 990 |
| 2018 | $2.0M | $1.8M | $11.0M | $9.2M | — | View 990 |
| 2017 | $1.9M | $1.8M | $10.8M | $9.2M | — | View 990 |
| 2016 | $2.0M | $2.0M | $10.5M | $9.0M | — | View 990 |
| 2015 | $2.1M | $2.0M | $13.6M | $12.2M | — | View 990 |
| 2014 | $2.0M | $2.0M | $13.6M | $12.2M | — | View 990 |
| 2013 | $2.0M | $1.9M | $12.9M | $12.3M | — | View 990 |
| 2012 | $1.9M | $1.9M | $12.6M | $12.1M | — | View 990 |
| 2011 | $1.5M | $1.2M | $9.7M | $9.3M | — | View 990 |
| 2010 | $-803,424 | $1.2M | $8.2M | $8.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.2M, and assets of $13.5M (revenue +9.6% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.0M, and assets of $14.1M (revenue +3.2% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.0M, and assets of $14.2M (revenue +2.3% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.7M, and assets of $14.5M (revenue -0.3% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.5M, and assets of $14.4M (revenue +2.6% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.8M, and assets of $11.0M (revenue +6.4% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.8M, and assets of $10.8M (revenue -4.9% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $10.5M (revenue -6.9% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.0M, and assets of $13.6M (revenue +5.7% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.0M, and assets of $13.6M (revenue +2.2% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.9M, and assets of $12.9M (revenue +4.2% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $12.6M (revenue +25.6% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.2M, and assets of $9.7M.
- 2010: Revenue of $-803,424, expenses of $1.2M, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asian American Housing Development Fund Company Inc:
Data Sources and Methodology
This transparency report for Asian American Housing Development Fund Company 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.