Clinton Housing Development Fund Corporation
Clinton Housing Development Fund Corporation consistently spends more than it earns annually, supported by a stable multi-million dollar asset base.
EIN: 133051006 · New York, NY · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $25 |
| Net Assets | $20.7M |
| Transparency Score | 75/100 |
Is Clinton 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 →
Clinton Housing Development Fund Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clinton Housing Development Fund Corporation
Clinton Housing Development Fund Corporation (EIN: 133051006) is a nonprofit organization based in New York, NY, classified under NTEE code L21. The organization reported total revenue of $2.5M and total assets of $25.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clinton Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clinton Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 12 years, with 16 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-291,709 |
| Total Assets | $23.8M |
| Total Liabilities | $3.1M |
| Net Assets | $20.7M |
| Operating Margin | -13.4% |
| Debt-to-Asset Ratio | 13.0% |
| Months of Reserves | 115.8 months |
Financial Health Grade: B
In 2023, Clinton Housing Development Fund Corporation reported a deficit of $292K with expenses exceeding revenue, holds 115.8 months of operating reserves (strong position), has a debt-to-asset ratio of 13.0% (very low leverage).
Financial Trends
Over 16 years of filings (2008–2023), Clinton Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.3% | -9.4% | -7.4% |
| 2022 | +18.6% | +4.4% | +-0.0% |
| 2021 | -12.2% | +4.1% | +0.9% |
| 2020 | -5.4% | +0.5% | -5.3% |
| 2019 | +12.2% | +0.0% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2014 |
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 Clinton 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, Clinton 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 deficit of $292K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its executive leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its size with assets exceeding $25 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 Clinton Housing Development Fund Corporation's IRS 990 filings:
- Consistent annual operating deficits (e.g., $2,470,321 expenses vs. $2,178,612 revenue in 2023)
- Unusually low or zero reported officer compensation for an organization with substantial assets, which may obscure true executive costs.
Strengths
The following positive indicators were identified for Clinton Housing Development Fund Corporation:
- Strong and stable asset base, consistently over $23 million, providing financial stability.
- Consistent IRS 990 filing history (16 filings), indicating good compliance and transparency.
- No reported officer compensation, suggesting a potentially very lean administrative cost at the executive level.
Frequently Asked Questions about Clinton Housing Development Fund Corporation
Is Clinton Housing Development Fund Corporation a legitimate charity?
Clinton Housing Development Fund Corporation (EIN: 133051006) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 16 years of IRS 990 filings on record. Total revenue: $2.5M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Clinton Housing Development Fund Corporation spend its money?
Clinton 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 Clinton Housing Development Fund Corporation tax-deductible?
Clinton Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133051006). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Clinton Housing Development Fund Corporation CEO make?
Clinton Housing Development Fund Corporation's highest-compensated officer earns $25 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Clinton Housing Development Fund Corporation's spending goes to programs?
Clinton Housing Development Fund Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Clinton Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Clinton 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 Clinton Housing Development Fund Corporation located?
Clinton Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 133051006. It is classified under NTEE code L21.
How many years of IRS 990 filings does Clinton Housing Development Fund Corporation have?
Clinton Housing Development Fund Corporation has 16 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 $2.5M in total revenue.
How does Clinton Housing Development Fund Corporation cover its consistent annual operating deficits?
The organization consistently reports expenses exceeding revenue, for example, $2,470,321 in expenses against $2,178,612 in revenue in 2023. This suggests it likely draws from its substantial asset base (e.g., $23.8 million in 2023) or relies on non-operating income sources not detailed in the provided summary to cover the difference.
What is the long-term sustainability plan given the recurring operational deficits?
While the organization has a strong asset base, consistently spending more than it earns annually (e.g., $2,470,321 expenses vs. $2,178,612 revenue in 2023) could erode its assets over time if not managed with a clear strategy for long-term financial health. Further investigation into its investment income or capital campaigns would be necessary.
Why is there no reported officer compensation for an organization with over $25 million in assets?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It could indicate a volunteer-led executive team, or that compensation is structured in a way that isn't reported under 'Officer Comp' on the 990, which would require reviewing the full filing for details on key employee compensation.
Filing History
IRS 990 filing history for Clinton Housing Development Fund Corporation showing financial trends over 16 years of public records:
Over 16 years of IRS 990 filings (2008–2023), Clinton Housing Development Fund Corporation's revenue has grown by 63.6%, moving from $1.3M to $2.2M. Total assets increased by 108.7% over the same period, from $11.4M to $23.8M. Total functional expenses rose by 76.2%, from $1.4M to $2.5M. In its most recent filing year (2023), Clinton Housing Development Fund Corporation reported a deficit of $292K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $23.8M in assets (debt-to-asset ratio: 13.0%), resulting in net assets of $20.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.5M | $23.8M | $3.1M | — | — |
| 2022 | $2.3M | $2.7M | $25.7M | $4.7M | — | View 990 |
| 2021 | $1.9M | $2.6M | $25.7M | $4.3M | — | View 990 |
| 2020 | $2.2M | $2.5M | $25.5M | $3.4M | — | View 990 |
| 2019 | $2.3M | $2.5M | $27.0M | $4.5M | — | View 990 |
| 2018 | $2.1M | $2.5M | $24.6M | $1.9M | — | View 990 |
| 2017 | $2.2M | $2.5M | $25.2M | $2.1M | — | View 990 |
| 2016 | $2.1M | $2.4M | $25.1M | $1.7M | — | View 990 |
| 2015 | $2.0M | $2.5M | $25.4M | $1.6M | — | View 990 |
| 2014 | $2.0M | $2.5M | $25.6M | $1.9M | — | View 990 |
| 2013 | $1.8M | $2.2M | $25.9M | $1.7M | — | View 990 |
| 2012 | $1.8M | $2.1M | $25.8M | $1.2M | — | View 990 |
| 2011 | $1.6M | $2.1M | $26.1M | $1.2M | — | View 990 |
| 2010 | $16.4M | $1.4M | $26.4M | $983K | — | View 990 |
| 2009 | $1.3M | $1.3M | $11.5M | $1.1M | — | View 990 |
| 2008 | $1.3M | $1.4M | $11.4M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.5M, and assets of $23.8M (revenue -4.3% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.7M, and assets of $25.7M (revenue +18.6% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.6M, and assets of $25.7M (revenue -12.2% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.5M, and assets of $25.5M (revenue -5.4% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.5M, and assets of $27.0M (revenue +12.2% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.5M, and assets of $24.6M (revenue -5.3% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.5M, and assets of $25.2M (revenue +6.0% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.4M, and assets of $25.1M (revenue +4.7% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.5M, and assets of $25.4M (revenue -3.2% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.5M, and assets of $25.6M (revenue +9.9% year-over-year).
- 2013: Revenue of $1.8M, expenses of $2.2M, and assets of $25.9M (revenue +5.3% year-over-year).
- 2012: Revenue of $1.8M, expenses of $2.1M, and assets of $25.8M (revenue +10.4% year-over-year).
- 2011: Revenue of $1.6M, expenses of $2.1M, and assets of $26.1M (revenue -90.4% year-over-year).
- 2010: Revenue of $16.4M, expenses of $1.4M, and assets of $26.4M (revenue +1172.2% year-over-year).
- 2009: Revenue of $1.3M, expenses of $1.3M, and assets of $11.5M (revenue -3.0% year-over-year).
- 2008: Revenue of $1.3M, expenses of $1.4M, and assets of $11.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clinton Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Clinton 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.