Cecil Housing Development Fund Corporation
Cecil Housing Development Fund Corporation maintains operational stability with consistent revenue and high liabilities.
EIN: 142012874 · New York, NY · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $-4,351,408 |
| Transparency Score | 75/100 |
Is Cecil Housing Development Fund Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cecil Housing Development Fund Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cecil Housing Development Fund Corporation
Cecil Housing Development Fund Corporation (EIN: 142012874) is a nonprofit organization based in New York, NY, classified under NTEE code L21. The organization reported total revenue of $2.9M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cecil Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cecil Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$99K |
| Total Assets | $6.6M |
| Total Liabilities | $11.0M |
| Net Assets | $-4,351,408 |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 165.9% |
| Months of Reserves | 29.2 months |
Financial Health Grade: A
In 2023, Cecil Housing Development Fund Corporation reported a surplus of $99K with revenue exceeding expenses, holds 29.2 months of operating reserves (strong position), has a debt-to-asset ratio of 165.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cecil Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.1% | +24.0% | +0.4% |
| 2022 | -10.8% | -3.9% | -4.0% |
| 2021 | +20.6% | -2.0% | -5.0% |
| 2020 | +5.3% | +13.9% | +1.6% |
| 2019 | +5.0% | +2.8% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Cecil Housing Development Fund Corporation 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, Cecil Housing Development Fund Corporation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $99K, with revenue exceeding expenses.
- Debt-to-asset ratio: 165.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is unusual for an organization with nearly $3 million in annual revenue and $6.7 million in assets. This suggests either a fully volunteer executive team or compensation being categorized differently, which could obscure 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 Cecil Housing Development Fund Corporation's IRS 990 filings:
- Liabilities consistently exceed assets, indicating a potentially high debt burden.
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and could mask true leadership costs.
Strengths
The following positive indicators were identified for Cecil Housing Development Fund Corporation:
- Consistent revenue generation, with revenues generally exceeding expenses in recent years (e.g., $2,811,149 revenue vs. $2,711,749 expenses in 2023).
- Stable asset base, maintaining around $6.5-$7 million in recent years.
- Apparent strong focus on mission, assuming a high percentage of expenses are program-related given the nature of a housing development fund.
Frequently Asked Questions about Cecil Housing Development Fund Corporation
Is Cecil Housing Development Fund Corporation a legitimate charity?
Cecil Housing Development Fund Corporation (EIN: 142012874) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.9M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Cecil Housing Development Fund Corporation spend its money?
Cecil Housing Development Fund Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cecil Housing Development Fund Corporation tax-deductible?
Cecil Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 142012874). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cecil Housing Development Fund Corporation CEO make?
Cecil Housing Development Fund Corporation's highest-compensated officer earns $3 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cecil Housing Development Fund Corporation's spending goes to programs?
Cecil Housing Development Fund Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cecil Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Cecil Housing Development Fund Corporation is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cecil Housing Development Fund Corporation located?
Cecil Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 142012874. It is classified under NTEE code L21.
How many years of IRS 990 filings does Cecil Housing Development Fund Corporation have?
Cecil Housing Development Fund Corporation 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 $2.9M in total revenue.
Why are liabilities consistently higher than assets?
The organization's liabilities have consistently exceeded its assets, for example, $10,958,605 in liabilities versus $6,607,197 in assets in 2023. This could indicate significant long-term debt, possibly related to property acquisition or development, which is common for housing development funds. Further investigation into the nature of these liabilities would be beneficial.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests either a fully volunteer executive leadership or that executive compensation is being reported under other expense categories, which could impact the transparency of administrative costs.
What is the specific breakdown of program expenses?
While the organization appears to dedicate a significant portion of its budget to programs, the filings do not provide a detailed breakdown of what constitutes these program expenses. Understanding the specific activities funded would offer greater insight into their impact.
Filing History
IRS 990 filing history for Cecil Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cecil Housing Development Fund Corporation's revenue has grown by 390.2%, moving from $574K to $2.8M. Total assets decreased by 42.7% over the same period, from $11.5M to $6.6M. Total functional expenses rose by 86.1%, from $1.5M to $2.7M. In its most recent filing year (2023), Cecil Housing Development Fund Corporation reported a surplus of $99K, with revenue exceeding expenses. The organization holds $11.0M in liabilities against $6.6M in assets (debt-to-asset ratio: 165.9%), resulting in net assets of $-4,351,408.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.7M | $6.6M | $11.0M | — | — |
| 2022 | $2.3M | $2.2M | $6.6M | $11.0M | — | View 990 |
| 2021 | $2.6M | $2.3M | $6.9M | $11.5M | — | View 990 |
| 2020 | $2.2M | $2.3M | $7.2M | $12.2M | — | View 990 |
| 2019 | $2.1M | $2.0M | $7.1M | $12.1M | — | View 990 |
| 2018 | $2.0M | $2.0M | $7.7M | $12.7M | — | View 990 |
| 2017 | $2.0M | $2.0M | $7.6M | $12.6M | — | View 990 |
| 2016 | $1.6M | $1.9M | $7.6M | $12.5M | — | View 990 |
| 2015 | $1.6M | $1.9M | $7.8M | $12.4M | — | View 990 |
| 2014 | $1.6M | $1.8M | $8.8M | $13.2M | — | View 990 |
| 2013 | $1.7M | $1.8M | $8.9M | $13.1M | — | View 990 |
| 2012 | $1.1M | $1.6M | $9.3M | $13.4M | — | View 990 |
| 2011 | $574K | $1.5M | $11.5M | $12.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.7M, and assets of $6.6M (revenue +20.1% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.2M, and assets of $6.6M (revenue -10.8% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.3M, and assets of $6.9M (revenue +20.6% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.3M, and assets of $7.2M (revenue +5.3% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.0M, and assets of $7.1M (revenue +5.0% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.0M, and assets of $7.7M (revenue -0.7% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.0M, and assets of $7.6M (revenue +21.3% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.9M, and assets of $7.6M (revenue -0.4% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.9M, and assets of $7.8M (revenue +3.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.8M, and assets of $8.8M (revenue -4.6% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.8M, and assets of $8.9M (revenue +46.8% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.6M, and assets of $9.3M (revenue +97.6% year-over-year).
- 2011: Revenue of $574K, expenses of $1.5M, and assets of $11.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cecil Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Cecil Housing Development Fund Corporation 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.