Boston Road Housing Development Fund Co Inc
Boston Road Housing Development Fund Co Inc shows asset growth and program focus, but carries significant liabilities and reports no officer compensation.
EIN: 132731443 · New York, NY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $3.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $-3,024,606 |
| Transparency Score | 75/100 |
Is Boston Road Housing Development Fund Co Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boston Road Housing Development Fund Co Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boston Road Housing Development Fund Co Inc
Boston Road Housing Development Fund Co Inc (EIN: 132731443) is a nonprofit organization based in New York, NY, classified under NTEE code L20. The organization reported total revenue of $3.2M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boston Road Housing Development Fund Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boston Road Housing Development Fund Co Inc is a mid-size nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$37K |
| Total Assets | $8.2M |
| Total Liabilities | $11.2M |
| Net Assets | $-3,024,606 |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 136.9% |
| Months of Reserves | 31.2 months |
Financial Health Grade: A
In 2023, Boston Road Housing Development Fund Co Inc reported a surplus of $37K with revenue exceeding expenses, holds 31.2 months of operating reserves (strong position), has a debt-to-asset ratio of 136.9% (high leverage).
Financial Trends
Over 5 years of filings (2018–2023), Boston Road Housing Development Fund Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.2% | +17.7% | +3.3% |
| 2022 | +4.2% | -40.2% | -1.0% |
| 2021 | +5.7% | +102.7% | +63.6% |
| 2020 | -4.0% | -9.0% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
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 Boston Road Housing Development Fund Co Inc 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: 90%
- fundraising: 0%
According to IRS 990 filings, Boston Road Housing Development Fund Co Inc 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 surplus of $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 136.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $3 million and assets over $8 million, suggesting executive compensation may be handled or reported in a non-standard way.
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 Boston Road Housing Development Fund Co Inc's IRS 990 filings:
- Consistently reports 0% officer compensation despite significant revenue and assets, raising transparency concerns.
- Liabilities significantly exceed assets, with liabilities growing from $6,146,862 in 201810 to $11,213,561 in 202310, indicating a high debt load.
Strengths
The following positive indicators were identified for Boston Road Housing Development Fund Co Inc:
- Consistent revenue generation, with latest revenue at $3,188,869.
- Strong asset growth, increasing from $4,925,019 in 201810 to $8,188,955 in 202310.
- Clear program focus aligned with its NTEE code L20 (Housing Development, Construction & Management).
- Efficient spending with an estimated 90% of expenses directed towards program services.
Frequently Asked Questions about Boston Road Housing Development Fund Co Inc
Is Boston Road Housing Development Fund Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Boston Road Housing Development Fund Co Inc (EIN: 132731443) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Boston Road Housing Development Fund Co Inc spend its money?
Boston Road Housing Development Fund Co Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Boston Road Housing Development Fund Co Inc tax-deductible?
Boston Road Housing Development Fund Co Inc is registered as a tax-exempt nonprofit (EIN: 132731443). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Boston Road Housing Development Fund Co Inc CEO make?
Boston Road Housing Development Fund Co Inc's highest-compensated officer earns $3 annually. The organization reported $3.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Boston Road Housing Development Fund Co Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Boston Road Housing Development Fund Co 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 Boston Road Housing Development Fund Co Inc located?
Boston Road Housing Development Fund Co Inc is headquartered in New York, New York and files with the IRS under EIN 132731443. It is classified under NTEE code L20.
How many years of IRS 990 filings does Boston Road Housing Development Fund Co Inc have?
Boston Road Housing Development Fund Co Inc has 5 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 $3.2M in total revenue.
Why does Boston Road Housing Development Fund Co Inc consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and could indicate that executive salaries are paid by a related entity, are not classified as officer compensation, or are not reported on the 990 in a typical manner. This warrants further investigation into their financial reporting practices.
What is the nature of the organization's high and increasing liabilities?
The liabilities have grown from $6,146,862 in 201810 to $11,213,561 in 202310, significantly exceeding assets. Given the NTEE code L20 (Housing Development), these liabilities likely represent mortgages or construction loans for housing projects. Understanding the terms and repayment schedules of these debts is crucial for a complete financial picture.
How does the organization manage its administrative costs given its program focus?
With an estimated 10% administrative spending, the organization appears to manage its overhead efficiently, allowing a significant portion of its expenses to go directly to program services. This is a positive indicator of operational efficiency.
Filing History
IRS 990 filing history for Boston Road Housing Development Fund Co Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2023), Boston Road Housing Development Fund Co Inc's revenue has grown by 12.4%, moving from $2.8M to $3.2M. Total assets increased by 66.3% over the same period, from $4.9M to $8.2M. Total functional expenses rose by 29.9%, from $2.4M to $3.2M. In its most recent filing year (2023), Boston Road Housing Development Fund Co Inc reported a surplus of $37K, with revenue exceeding expenses. The organization holds $11.2M in liabilities against $8.2M in assets (debt-to-asset ratio: 136.9%), resulting in net assets of $-3,024,606.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.2M | $8.2M | $11.2M | — | — |
| 2022 | $3.0M | $2.7M | $7.9M | $10.3M | — | View 990 |
| 2021 | $2.9M | $4.5M | $8.0M | $10.5M | — | View 990 |
| 2020 | $2.7M | $2.2M | $4.9M | $5.6M | — | — |
| 2018 | $2.8M | $2.4M | $4.9M | $6.1M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.2M, and assets of $8.2M (revenue +6.2% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.7M, and assets of $7.9M (revenue +4.2% year-over-year).
- 2021: Revenue of $2.9M, expenses of $4.5M, and assets of $8.0M (revenue +5.7% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.2M, and assets of $4.9M (revenue -4.0% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.4M, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boston Road Housing Development Fund Co Inc:
Data Sources and Methodology
This transparency report for Boston Road Housing Development Fund Co 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.