Broad Ridge Housing Corp
Broad Ridge Housing Corp: Consistent Revenue, High Administrative Costs
EIN: 221624939 · Ridgewood, NJ · Updated: 2026-04-04
About Broad Ridge Housing Corp
Broad Ridge Housing Corp (EIN: 221624939) is a nonprofit organization based in Ridgewood, NJ. The organization reported total revenue of $156K and total assets of $111K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broad Ridge Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Broad Ridge Housing Corp with a Mission Score of 65 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Broad Ridge Housing Corp allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, which warrants further investigation to understand how leadership is compensated or if services are entirely volunteer-driven.
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 Broad Ridge Housing Corp's IRS 990 filings:
- Consistent reporting of $0 for 'compensation of officers, directors, trustees, key employees' despite significant expenses, raising questions about actual compensation structures or reporting accuracy.
- Administrative expenses appear to be a significant portion of total expenses, potentially impacting program efficiency.
- Net assets have shown a declining trend over several years, from $160,656 in 2017 to $112,255 in 2023, which could indicate financial instability or consistent operating deficits.
Strengths
The following positive indicators were identified for Broad Ridge Housing Corp:
- Consistent revenue generation over the past several years, demonstrating a stable funding base.
- No reported lobbying expenses, indicating a direct focus on its mission without political advocacy.
- Maintains positive net assets, suggesting some level of financial health despite fluctuations.
Frequently Asked Questions about Broad Ridge Housing Corp
What does Broad Ridge Housing Corp do?
Broad Ridge Housing Corp is a nonprofit organization in the Unknown sector, located in Ridgewood, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Broad Ridge Housing Corp have?
Broad Ridge Housing Corp reported total revenue of $155,813. Based on 13 IRS 990 filings on record.
What are Broad Ridge Housing Corp's total assets?
Broad Ridge Housing Corp holds total assets of $111,415 as reported in IRS 990 filings.
Where is Broad Ridge Housing Corp located?
Broad Ridge Housing Corp is based in Ridgewood, New Jersey.
What is Broad Ridge Housing Corp's EIN?
Broad Ridge Housing Corp's Employer Identification Number (EIN) is 221624939. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Broad Ridge Housing Corp?
Broad Ridge Housing Corp is classified under NTEE code Unknown (Unknown).
Is Broad Ridge Housing Corp a registered 501(c)(3)?
Broad Ridge Housing Corp appears in IRS records (EIN: 221624939). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Broad Ridge Housing Corp file IRS Form 990?
Yes, Broad Ridge Housing Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Broad Ridge Housing Corp's revenue in 2023?
In the 202312 filing period, Broad Ridge Housing Corp reported total revenue of $160,101, total expenses of $166,916, and net assets of $112,255.
Is Broad Ridge Housing Corp's revenue growing or declining?
Broad Ridge Housing Corp's revenue is relatively stable. Revenue went from $161,960 (202212) to $160,101 (202312), a -1.1% change. Based on 13 filings on record.
What is Broad Ridge Housing Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Broad Ridge Housing Corp covers tax period 202312. It shows revenue of $160,101, expenses of $166,916, total assets of $112,255, and liabilities of $1,200.
How much does Broad Ridge Housing Corp spend on programs vs administration?
Based on IRS 990 analysis, Broad Ridge Housing Corp allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Broad Ridge Housing Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Broad Ridge Housing Corp shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Broad Ridge Housing Corp?
The following concerns were identified: Consistent reporting of $0 for 'compensation of officers, directors, trustees, key employees' despite significant expenses, raising questions about actual compensation structures or reporting accuracy.. Administrative expenses appear to be a significant portion of total expenses, potentially impacting program efficiency.. Net assets have shown a declining trend over several years, from $160,656 in 2017 to $112,255 in 2023, which could indicate financial instability or consistent operating deficits.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Broad Ridge Housing Corp's strengths?
Positive indicators for Broad Ridge Housing Corp include: Consistent revenue generation over the past several years, demonstrating a stable funding base.. No reported lobbying expenses, indicating a direct focus on its mission without political advocacy.. Maintains positive net assets, suggesting some level of financial health despite fluctuations.. These findings are derived from AI analysis of the organization's financial filings.
How does Broad Ridge Housing Corp compensate executives?
Executive compensation is consistently reported as $0 across all available filings, which warrants further investigation to understand how leadership is compensated or if services are entirely volunteer-driven. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 reported for executive compensation, how does Broad Ridge Housing Corp attract and retain leadership, and what is the operational model that supports this?
The consistent reporting of $0 for executive compensation suggests either an entirely volunteer-led organization at the highest levels or that compensation is being reported under different categories, which would require further clarification from the organization's detailed financial statements.
What factors contribute to the significant fluctuation in total expenses, such as the jump from $117,457 in 2019 to $156,662 in 2020, and how does this impact program delivery?
The fluctuations in expenses, such as the nearly $40,000 increase from 2019 to 2020, could be due to varying program demands, one-time capital expenditures, or changes in operational costs. Understanding the breakdown of these expenses is crucial to assess their impact on program delivery.
Filing History
IRS 990 filing history for Broad Ridge Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Broad Ridge Housing Corp's revenue has grown by 34.2%, moving from $119K to $160K. Total assets increased by 65.5% over the same period, from $68K to $112K. Total functional expenses rose by 45.9%, from $114K to $167K. In its most recent filing year (2023), Broad Ridge Housing Corp reported a deficit of $7K, with expenses exceeding revenue. The organization holds $1K in liabilities against $112K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $111K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $167K | $112K | $1K | — | — |
| 2022 | $162K | $148K | $120K | $3K | — | View 990 |
| 2021 | $154K | $175K | $107K | $3K | — | View 990 |
| 2020 | $149K | $157K | $127K | $3K | — | — |
| 2019 | $135K | $117K | $134K | $3K | — | View 990 |
| 2018 | $113K | $157K | $116K | $3K | — | View 990 |
| 2017 | $118K | $94K | $161K | $3K | — | View 990 |
| 2016 | $136K | $124K | $137K | $3K | — | View 990 |
| 2015 | $129K | $115K | $126K | $3K | — | View 990 |
| 2014 | $132K | $131K | $112K | $3K | — | View 990 |
| 2013 | $127K | $126K | $111K | $3K | — | View 990 |
| 2012 | $148K | $107K | $109K | $3K | — | View 990 |
| 2011 | $119K | $114K | $68K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $167K, and assets of $112K (revenue -1.1% year-over-year).
- 2022: Revenue of $162K, expenses of $148K, and assets of $120K (revenue +4.9% year-over-year).
- 2021: Revenue of $154K, expenses of $175K, and assets of $107K (revenue +3.5% year-over-year).
- 2020: Revenue of $149K, expenses of $157K, and assets of $127K (revenue +10.3% year-over-year).
- 2019: Revenue of $135K, expenses of $117K, and assets of $134K (revenue +20.0% year-over-year).
- 2018: Revenue of $113K, expenses of $157K, and assets of $116K (revenue -4.2% year-over-year).
- 2017: Revenue of $118K, expenses of $94K, and assets of $161K (revenue -13.2% year-over-year).
- 2016: Revenue of $136K, expenses of $124K, and assets of $137K (revenue +5.0% year-over-year).
- 2015: Revenue of $129K, expenses of $115K, and assets of $126K (revenue -2.4% year-over-year).
- 2014: Revenue of $132K, expenses of $131K, and assets of $112K (revenue +4.0% year-over-year).
- 2013: Revenue of $127K, expenses of $126K, and assets of $111K (revenue -14.3% year-over-year).
- 2012: Revenue of $148K, expenses of $107K, and assets of $109K (revenue +24.4% year-over-year).
- 2011: Revenue of $119K, expenses of $114K, and assets of $68K.
Data Sources and Methodology
This transparency report for Broad Ridge Housing 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.