Associated Blind Housing Development Fund Inc

Associated Blind Housing Development Fund Inc shows revenue growth but consistently reports liabilities exceeding assets and zero executive compensation.

EIN: 132951474 · Suffern, NY · NTEE: L200 · Updated: 2026-03-28

$12.4MRevenue

$63.2MAssets

70/100Mission Score (Good)

L200

About Associated Blind Housing Development Fund Inc

Associated Blind Housing Development Fund Inc (EIN: 132951474) is a nonprofit organization based in Suffern, NY, classified under NTEE code L200. The organization reported total revenue of $12.4M and total assets of $63.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Associated Blind Housing Development Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Associated Blind Housing Development Fund Inc demonstrates consistent financial operations focused on its mission of housing development, as indicated by its NTEE code L200. The organization has shown a positive trend in revenue growth, increasing from $2,775,653 in 2016 to $11,892,238 in 2024. While expenses have generally tracked revenue, there was a notable spike in expenses in 2021 to $20,542,379, significantly exceeding revenue of $8,167,925, which warrants further investigation into the nature of these expenditures. The organization consistently reports 0% officer compensation, suggesting a volunteer-led or externally managed executive structure, which can be a positive indicator for donor confidence regarding executive pay. However, the consistent reporting of liabilities exceeding assets in recent years (e.g., 2024: Assets=$61,803,580, Liabilities=$69,694,592) raises questions about long-term financial stability and debt management, particularly for a housing development fund.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Associated Blind Housing Development Fund Inc with a Mission Score of 70 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Associated Blind Housing Development Fund Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and asset base ($63,195,735 in latest assets). This could imply a fully volunteer-led executive team or that executive services are provided by a related entity, which would require further scrutiny to understand the true cost of leadership.

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 Associated Blind Housing Development Fund Inc's IRS 990 filings:

Consistent liabilities exceeding assets in recent years, indicating potential solvency issues or high leverage (e.g., 2024: Liabilities $69,694,592 vs. Assets $61,803,580).
Significant expense spike in 2021 ($20,542,379) far exceeding revenue ($8,167,925) without clear explanation in summary data.
0% reported officer compensation for an organization of this size and asset base, which is highly unusual and may obscure true leadership costs if services are provided by a related entity.

Strengths

The following positive indicators were identified for Associated Blind Housing Development Fund Inc:

Consistent revenue growth over the past decade, indicating increasing capacity or demand for services (from $2.7M in 2016 to $11.8M in 2024).
Focus on mission-related activities, as implied by the NTEE code L200 (Housing Development) and the general financial trends.
Significant asset base ($63,195,735 in latest assets), demonstrating substantial investment in its housing development mission.

Frequently Asked Questions about Associated Blind Housing Development Fund Inc

Why did expenses spike to over $20 million in 2021, significantly exceeding revenue?

The 2021 filing shows expenses of $20,542,379 against revenue of $8,167,925. This significant discrepancy requires a detailed review of the 990's Statement of Functional Expenses to understand the nature of these large expenditures, which could be related to a major capital project, asset impairment, or other non-recurring costs.

How does the organization manage its operations with 0% reported officer compensation?

The consistent reporting of zero officer compensation suggests either a fully volunteer executive leadership or that executive services are provided by a related party or management company, with costs potentially embedded elsewhere in the financial statements. This structure warrants further investigation to ensure transparency in leadership costs.

What is the nature of the liabilities consistently exceeding assets in recent years?

For several recent periods, including 2024, 2023, and 2022, the organization's liabilities have exceeded its assets. For example, in 2024, liabilities were $69,694,592 against assets of $61,803,580. This indicates a potential solvency concern or a specific financing structure common in housing development, such as significant long-term debt or mortgages, which should be detailed in the financial statements.

What is the organization's strategy for managing its debt and improving its asset-to-liability ratio?

Given the consistent trend of liabilities exceeding assets, understanding the organization's long-term financial strategy for debt management, asset accumulation, and improving its overall financial leverage is crucial for assessing its sustainability.

Filing History

IRS 990 filing history for Associated Blind Housing Development Fund Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Associated Blind Housing Development Fund Inc's revenue has grown by 263.3%, moving from $3.3M to $11.9M. Total assets increased by 793.9% over the same period, from $6.9M to $61.8M. Total functional expenses rose by 238.8%, from $2.9M to $9.7M. In its most recent filing year (2024), Associated Blind Housing Development Fund Inc reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $69.7M in liabilities against $61.8M in assets (debt-to-asset ratio: 112.8%), resulting in net assets of $-7,891,012.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$11.9M	$9.7M	$61.8M	$69.7M	—	View 990
2023	$10.9M	$9.1M	$61.2M	$71.3M	—	View 990
2022	$8.4M	$8.6M	$60.9M	$72.8M	—	View 990
2021	$8.2M	$20.5M	$62.6M	$74.2M	—	—
2020	$8.0M	$10.1M	$65.6M	$64.9M	—	View 990
2019	$7.6M	$8.8M	$66.8M	$63.9M	—	View 990
2018	$7.4M	$6.9M	$67.4M	$63.4M	—	View 990
2017	$4.9M	$3.0M	$59.4M	$55.9M	—	View 990
2016	$2.8M	$2.7M	$42.1M	$40.4M	—	View 990
2015	$2.9M	$3.3M	$29.8M	$28.2M	—	View 990
2014	$3.6M	$2.9M	$13.3M	$11.3M	—	View 990
2013	$3.2M	$2.9M	$6.7M	$5.4M	—	View 990
2012	$3.3M	$2.9M	$6.9M	$6.0M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $11.9M, expenses of $9.7M, and assets of $61.8M (revenue +9.3% year-over-year).
2023: Revenue of $10.9M, expenses of $9.1M, and assets of $61.2M (revenue +29.8% year-over-year).
2022: Revenue of $8.4M, expenses of $8.6M, and assets of $60.9M (revenue +2.6% year-over-year).
2021: Revenue of $8.2M, expenses of $20.5M, and assets of $62.6M (revenue +2.2% year-over-year).
2020: Revenue of $8.0M, expenses of $10.1M, and assets of $65.6M (revenue +5.1% year-over-year).
2019: Revenue of $7.6M, expenses of $8.8M, and assets of $66.8M (revenue +2.7% year-over-year).
2018: Revenue of $7.4M, expenses of $6.9M, and assets of $67.4M (revenue +50.6% year-over-year).
2017: Revenue of $4.9M, expenses of $3.0M, and assets of $59.4M (revenue +77.0% year-over-year).
2016: Revenue of $2.8M, expenses of $2.7M, and assets of $42.1M (revenue -2.7% year-over-year).
2015: Revenue of $2.9M, expenses of $3.3M, and assets of $29.8M (revenue -21.6% year-over-year).
2014: Revenue of $3.6M, expenses of $2.9M, and assets of $13.3M (revenue +12.8% year-over-year).
2013: Revenue of $3.2M, expenses of $2.9M, and assets of $6.7M (revenue -1.5% year-over-year).
2012: Revenue of $3.3M, expenses of $2.9M, and assets of $6.9M.

Data Sources and Methodology

This transparency report for Associated Blind Housing Development Fund 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.