Bonifacio Cora Texidor Housing Developement Fund Corp
Bonifacio Cora Texidor Housing Development Fund Corp consistently reports zero officer compensation while managing significant liabilities typical of housing development.
EIN: 133948612 · New York, NY · NTEE: L80Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $2.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-5,025,562 |
| Transparency Score | 85/100 |
Is Bonifacio Cora Texidor Housing Developement Fund Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bonifacio Cora Texidor Housing Developement Fund Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bonifacio Cora Texidor Housing Developement Fund Corp
Bonifacio Cora Texidor Housing Developement Fund Corp (EIN: 133948612) is a nonprofit organization based in New York, NY, classified under NTEE code L80Z. 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 Bonifacio Cora Texidor Housing Developement Fund Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bonifacio Cora Texidor Housing Developement Fund Corp is a mid-size nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-332,396 |
| Total Assets | $4.6M |
| Total Liabilities | $9.6M |
| Net Assets | $-5,025,562 |
| Operating Margin | -19.2% |
| Debt-to-Asset Ratio | 209.8% |
| Months of Reserves | 26.6 months |
Financial Health Grade: C
In 2023, Bonifacio Cora Texidor Housing Developement Fund Corp reported a deficit of $332K with expenses exceeding revenue, holds 26.6 months of operating reserves (strong position), has a debt-to-asset ratio of 209.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Bonifacio Cora Texidor Housing Developement Fund Corp's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.8% | +13.1% | -7.9% |
| 2022 | +1.2% | +10.3% | -2.1% |
| 2021 | +1.3% | +3.6% | -1.0% |
| 2020 | +3.3% | -0.7% | +3.4% |
| 2019 | +30.0% | +1.8% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Bonifacio Cora Texidor Housing Developement Fund Corp 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: 90%
- fundraising: 0%
According to IRS 990 filings, Bonifacio Cora Texidor Housing Developement Fund Corp allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $332K, with expenses exceeding revenue.
- Debt-to-asset ratio: 209.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a nonprofit of its size with annual revenues exceeding $1.7 million.
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 Bonifacio Cora Texidor Housing Developement Fund Corp's IRS 990 filings:
- Consistent significant excess of liabilities over assets, though potentially normal for housing development funds, warrants further investigation into the nature of these liabilities.
Strengths
The following positive indicators were identified for Bonifacio Cora Texidor Housing Developement Fund Corp:
- Consistent reporting of $0 officer compensation, indicating strong financial stewardship and transparency.
- Positive trend in revenue growth from $1.0M in 2014 to $1.7M in 2023, suggesting financial stability.
- Strong program focus, with virtually all expenses likely directed towards its housing mission given the lack of executive compensation and assumed minimal fundraising.
Frequently Asked Questions about Bonifacio Cora Texidor Housing Developement Fund Corp
Is Bonifacio Cora Texidor Housing Developement Fund Corp a legitimate charity?
Bonifacio Cora Texidor Housing Developement Fund Corp (EIN: 133948612) 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: $1.7M. 1 red flag identified. 3 strengths noted. Financial health grade: C.
How does Bonifacio Cora Texidor Housing Developement Fund Corp spend its money?
Bonifacio Cora Texidor Housing Developement Fund Corp directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bonifacio Cora Texidor Housing Developement Fund Corp tax-deductible?
Bonifacio Cora Texidor Housing Developement Fund Corp is registered as a tax-exempt nonprofit (EIN: 133948612). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bonifacio Cora Texidor Housing Developement Fund Corp CEO make?
Bonifacio Cora Texidor Housing Developement Fund Corp's highest-compensated officer earns $0 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Bonifacio Cora Texidor Housing Developement Fund Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bonifacio Cora Texidor Housing Developement Fund Corp is above average for NTEE category L80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bonifacio Cora Texidor Housing Developement Fund Corp located?
Bonifacio Cora Texidor Housing Developement Fund Corp is headquartered in New York, New York and files with the IRS under EIN 133948612. It is classified under NTEE code L80Z.
How many years of IRS 990 filings does Bonifacio Cora Texidor Housing Developement Fund Corp have?
Bonifacio Cora Texidor Housing Developement Fund Corp 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 $1.7M in total revenue.
How does the organization manage its significant liabilities relative to its assets?
The organization consistently reports liabilities that are roughly double its assets (e.g., $9.6M liabilities vs. $4.5M assets in 2023). This is common for housing development funds that often hold properties with associated mortgages and development loans. A deeper dive into the nature of these liabilities would be needed to fully assess financial risk, but it's not immediately a red flag given the NTEE code.
What is the primary source of the organization's revenue?
While the filings show total revenue, the specific breakdown of revenue sources (e.g., program service revenue, contributions, grants) is not provided in the summary data. Given its NTEE code, program service revenue from housing operations is likely a significant component.
Does the organization engage in any fundraising activities?
Based on the consistent reporting of zero officer compensation and the typical operational model of housing development funds, it's highly probable that fundraising expenses are minimal or non-existent, with revenue primarily derived from program services or grants. This is reflected in the 0% fundraising allocation in the spending breakdown.
Filing History
IRS 990 filing history for Bonifacio Cora Texidor Housing Developement Fund Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Bonifacio Cora Texidor Housing Developement Fund Corp's revenue has grown by 79.2%, moving from $966K to $1.7M. Total assets decreased by 34.7% over the same period, from $7.0M to $4.6M. Total functional expenses rose by 83.4%, from $1.1M to $2.1M. In its most recent filing year (2023), Bonifacio Cora Texidor Housing Developement Fund Corp reported a deficit of $332K, with expenses exceeding revenue. The organization holds $9.6M in liabilities against $4.6M in assets (debt-to-asset ratio: 209.8%), resulting in net assets of $-5,025,562.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.1M | $4.6M | $9.6M | — | — |
| 2022 | $1.7M | $1.8M | $5.0M | $9.7M | — | View 990 |
| 2021 | $1.7M | $1.7M | $5.1M | $9.6M | — | View 990 |
| 2020 | $1.7M | $1.6M | $5.1M | $9.7M | — | — |
| 2019 | $1.6M | $1.6M | $5.0M | $9.6M | — | View 990 |
| 2018 | $1.2M | $1.6M | $5.1M | $9.8M | — | View 990 |
| 2017 | $1.2M | $1.5M | $5.6M | $9.9M | — | View 990 |
| 2016 | $1.1M | $1.3M | $5.8M | $9.9M | — | View 990 |
| 2015 | $1.0M | $1.4M | $5.9M | $9.8M | — | View 990 |
| 2014 | $1.0M | $1.4M | $6.2M | $9.7M | — | View 990 |
| 2013 | $1.0M | $1.3M | $6.5M | $9.7M | — | View 990 |
| 2012 | $1.0M | $1.2M | $6.7M | $9.6M | — | View 990 |
| 2011 | $1.0M | $1.2M | $6.8M | $9.5M | — | View 990 |
| 2010 | $966K | $1.1M | $7.0M | $9.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.1M, and assets of $4.6M (revenue +1.8% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.8M, and assets of $5.0M (revenue +1.2% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.7M, and assets of $5.1M (revenue +1.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $5.1M (revenue +3.3% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.6M, and assets of $5.0M (revenue +30.0% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.6M, and assets of $5.1M (revenue +0.0% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.5M, and assets of $5.6M (revenue +10.6% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.3M, and assets of $5.8M (revenue +10.7% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.4M, and assets of $5.9M (revenue -1.5% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.4M, and assets of $6.2M (revenue -0.7% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.3M, and assets of $6.5M (revenue -0.6% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.2M, and assets of $6.7M (revenue -0.4% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.2M, and assets of $6.8M (revenue +8.0% year-over-year).
- 2010: Revenue of $966K, expenses of $1.1M, and assets of $7.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bonifacio Cora Texidor Housing Developement Fund Corp:
Data Sources and Methodology
This transparency report for Bonifacio Cora Texidor Housing Developement 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.