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
| Metric | Value |
|---|---|
| Total Revenue | $12.4M |
| Total Expenses | $9.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $63,195,735 |
| Net Assets | $-7,891,012 |
| Transparency Score | 70/100 |
Search Intent Cockpit
Associated Blind Housing Development Fund Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Associated Blind Housing Development Fund Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Associated Blind Housing Development Fund Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $11.9M and expenses of $9.7M.
Revenue and Expenses
Associated Blind Housing Development Fund Inc reported $11.9M in revenue and $9.7M in expenses, a surplus of $2.2M.
Executive Compensation
Top officer compensation appears as $63,195,735 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
70/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Associated Blind Housing Development Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $8.7M (90%) |
Across stored filings, Associated Blind Housing Development Fund Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Category L context |
Trust Check
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All Category L
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Suffern, NY nonprofitsCategory L in New York
Human Services in New York
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Keep the Investigation Moving
Associated Blind Housing Development Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Associated Blind Housing Development Fund Inc is a large nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.9M |
| Total Expenses | $9.7M |
| Surplus / Deficit | +$2.2M |
| Total Assets | $61.8M |
| Total Liabilities | $69.7M |
| Net Assets | $-7,891,012 |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 112.8% |
| Months of Reserves | 76.5 months |
Financial Health Grade: A
In 2024, Associated Blind Housing Development Fund Inc reported a surplus of $2.2M with revenue exceeding expenses, holds 76.5 months of operating reserves (strong position), has a debt-to-asset ratio of 112.8% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Associated Blind Housing Development Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.3% | +6.3% | +1.0% |
| 2023 | +29.8% | +6.6% | +0.5% |
| 2022 | +2.6% | -58.3% | -2.6% |
| 2021 | +2.2% | +102.6% | -4.6% |
| 2020 | +5.1% | +15.6% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 112.8%.
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
Is Associated Blind Housing Development Fund Inc a legitimate charity?
Associated Blind Housing Development Fund Inc (EIN: 132951474) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.4M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Associated Blind Housing Development Fund Inc spend its money?
Associated Blind Housing Development Fund Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Associated Blind Housing Development Fund Inc tax-deductible?
Associated Blind Housing Development Fund Inc is registered as a tax-exempt nonprofit (EIN: 132951474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Associated Blind Housing Development Fund Inc CEO make?
Associated Blind Housing Development Fund Inc's highest-compensated officer earns $63,195,735 annually. The organization reported $12.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Associated Blind Housing Development Fund Inc's spending goes to programs?
Associated Blind Housing Development Fund Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Associated Blind Housing Development Fund Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Associated Blind Housing Development Fund Inc is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Associated Blind Housing Development Fund Inc located?
Associated Blind Housing Development Fund Inc is headquartered in Suffern, New York and files with the IRS under EIN 132951474. It is classified under NTEE code L200.
How many years of IRS 990 filings does Associated Blind Housing Development Fund Inc have?
Associated Blind Housing Development Fund Inc 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 $12.4M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Associated Blind Housing Development Fund Inc:
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.