Bethany Development Outreach Housing Development Fund Corp
Bethany Development Outreach Housing Development Fund Corp maintains consistent operations with significant liabilities exceeding assets.
EIN: 134070992 · New York, NY · NTEE: P75 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Program Spending | 85% |
| Net Assets | $-4,286,407 |
| Transparency Score | 75/100 |
Is Bethany Development Outreach Housing Development Fund Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bethany Development Outreach Housing Development Fund Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bethany Development Outreach Housing Development Fund Corp
Bethany Development Outreach Housing Development Fund Corp (EIN: 134070992) is a nonprofit organization based in New York, NY, classified under NTEE code P75. The organization reported total revenue of $1.9M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bethany Development Outreach Housing Development Fund Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bethany Development Outreach Housing Development Fund Corp is a mid-size nonprofit that has been operating for 26 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$27K |
| Total Assets | $2.7M |
| Total Liabilities | $7.0M |
| Net Assets | $-4,286,407 |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 259.4% |
| Months of Reserves | 17.5 months |
Financial Health Grade: A
In 2024, Bethany Development Outreach Housing Development Fund Corp reported a surplus of $27K with revenue exceeding expenses, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 259.4% (high leverage).
Financial Trends
Over 11 years of filings (2011–2024), Bethany Development Outreach Housing Development Fund Corp's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -12.6% | +31.2% | +18.9% |
| 2023 | +0.0% | +0.0% | +0.0% |
| 2023 | +82.1% | -9.6% | -9.9% |
| 2022 | +14.0% | +14.8% | -3.2% |
| 2021 | +12.4% | +8.3% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Bethany Development Outreach Housing Development Fund Corp 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bethany Development Outreach Housing Development Fund Corp 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 259.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that officers are either unpaid or compensated through non-officer categories, which is a positive indicator for minimizing administrative overhead.
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 Bethany Development Outreach Housing Development Fund Corp's IRS 990 filings:
- Consistent and substantial liabilities significantly exceeding assets (e.g., $6,975,130 liabilities vs. $2,688,723 assets in 202406), which could indicate long-term financial risk if not properly managed or understood.
- Lack of detailed functional expense breakdown in publicly available summary data makes it difficult to precisely verify program efficiency.
Strengths
The following positive indicators were identified for Bethany Development Outreach Housing Development Fund Corp:
- Consistent growth in revenue over recent years, from $918,934 in 202009 to $1,874,606 in 202406, indicating expanding capacity.
- Consistent reporting of 0% officer compensation across all filings, suggesting low administrative overhead related to executive pay.
- Strong filing history with 11 IRS 990 filings, demonstrating good compliance and transparency in reporting.
- Expenses generally align with or are slightly below revenue in recent years (e.g., $1,848,105 expenses vs. $1,874,606 revenue in 202406), indicating responsible operational management.
Frequently Asked Questions about Bethany Development Outreach Housing Development Fund Corp
Is Bethany Development Outreach Housing Development Fund Corp a legitimate charity?
Bethany Development Outreach Housing Development Fund Corp (EIN: 134070992) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $1.9M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Bethany Development Outreach Housing Development Fund Corp spend its money?
Bethany Development Outreach Housing Development Fund Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bethany Development Outreach Housing Development Fund Corp tax-deductible?
Bethany Development Outreach Housing Development Fund Corp is registered as a tax-exempt nonprofit (EIN: 134070992). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bethany Development Outreach Housing Development Fund Corp's spending goes to programs?
Bethany Development Outreach Housing Development Fund Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bethany Development Outreach Housing Development Fund Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bethany Development Outreach Housing Development Fund Corp is above average for NTEE category P75 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bethany Development Outreach Housing Development Fund Corp located?
Bethany Development Outreach Housing Development Fund Corp is headquartered in New York, New York and files with the IRS under EIN 134070992. It is classified under NTEE code P75.
How many years of IRS 990 filings does Bethany Development Outreach Housing Development Fund Corp have?
Bethany Development Outreach Housing Development Fund Corp has 11 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 nature of Bethany Development Outreach Housing Development Fund Corp's significant and persistent liabilities that consistently exceed its assets?
The IRS 990 data consistently shows liabilities significantly outweighing assets (e.g., $6,975,130 liabilities vs. $2,688,723 assets in 202406). Understanding if these are long-term project financing, mortgages, or other obligations is crucial for assessing financial stability.
How does Bethany Development Outreach Housing Development Fund Corp fund its operations given the 0% reported officer compensation?
The consistent 0% officer compensation across all filings (e.g., 202406, 202309) raises questions about how the organization's leadership is compensated or if they are entirely volunteer-based, which could impact sustainability.
What is the detailed functional expense breakdown for programs, administration, and fundraising?
While overall expenses are provided (e.g., $1,848,105 in 202406), a more granular breakdown of how these expenses are allocated would provide clearer insight into spending efficiency beyond the estimated percentages.
Filing History
IRS 990 filing history for Bethany Development Outreach Housing Development Fund Corp showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Bethany Development Outreach Housing Development Fund Corp's revenue has grown by 182.1%, moving from $665K to $1.9M. Total assets decreased by 42.4% over the same period, from $4.7M to $2.7M. Total functional expenses rose by 78.6%, from $1.0M to $1.8M. In its most recent filing year (2024), Bethany Development Outreach Housing Development Fund Corp reported a surplus of $27K, with revenue exceeding expenses. The organization holds $7.0M in liabilities against $2.7M in assets (debt-to-asset ratio: 259.4%), resulting in net assets of $-4,286,407.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $1.8M | $2.7M | $7.0M | — | View 990 |
| 2023 | $2.1M | $1.4M | $2.3M | $6.6M | — | — |
| 2023 | $2.1M | $1.4M | $2.3M | $6.6M | — | View 990 |
| 2022 | $1.2M | $1.6M | $2.5M | $7.6M | — | View 990 |
| 2021 | $1.0M | $1.4M | $2.6M | $7.3M | — | View 990 |
| 2020 | $919K | $1.3M | $2.7M | $7.0M | — | View 990 |
| 2015 | $975K | $1.1M | $3.7M | $6.9M | — | View 990 |
| 2014 | $801K | $1.1M | $3.9M | $384K | — | View 990 |
| 2013 | $721K | $971K | $4.1M | $6.9M | — | View 990 |
| 2012 | $683K | $1.1M | $4.4M | $6.9M | — | View 990 |
| 2011 | $665K | $1.0M | $4.7M | $6.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.9M, expenses of $1.8M, and assets of $2.7M (revenue -12.6% year-over-year).
- 2023: Revenue of $2.1M, expenses of $1.4M, and assets of $2.3M (revenue +0.0% year-over-year).
- 2023: Revenue of $2.1M, expenses of $1.4M, and assets of $2.3M (revenue +82.1% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.6M, and assets of $2.5M (revenue +14.0% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.4M, and assets of $2.6M (revenue +12.4% year-over-year).
- 2020: Revenue of $919K, expenses of $1.3M, and assets of $2.7M (revenue -5.8% year-over-year).
- 2015: Revenue of $975K, expenses of $1.1M, and assets of $3.7M (revenue +21.8% year-over-year).
- 2014: Revenue of $801K, expenses of $1.1M, and assets of $3.9M (revenue +11.1% year-over-year).
- 2013: Revenue of $721K, expenses of $971K, and assets of $4.1M (revenue +5.5% year-over-year).
- 2012: Revenue of $683K, expenses of $1.1M, and assets of $4.4M (revenue +2.8% year-over-year).
- 2011: Revenue of $665K, expenses of $1.0M, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bethany Development Outreach Housing Development Fund Corp:
Data Sources and Methodology
This transparency report for Bethany Development Outreach Housing Development Fund Corp 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.