Colony South Brooklyn Houses Inc
Colony South Brooklyn Houses Inc maintains stable finances with consistent revenue and expenses, but lacks executive compensation transparency.
EIN: 112197984 · Brooklyn, NY · NTEE: P33Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $4.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $1.1M |
| Transparency Score | 70/100 |
Is Colony South Brooklyn Houses Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colony South Brooklyn Houses Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colony South Brooklyn Houses Inc
Colony South Brooklyn Houses Inc (EIN: 112197984) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P33Z. The organization reported total revenue of $4.5M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colony South Brooklyn Houses Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colony South Brooklyn Houses Inc is a mid-size nonprofit that has been operating for 55 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -8.5%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$25K |
| Total Assets | $2.2M |
| Total Liabilities | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 51.5% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2018, Colony South Brooklyn Houses Inc reported a surplus of $25K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 51.5% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), Colony South Brooklyn Houses Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +3.3% | +0.4% | +7.2% |
| 2017 | +15.9% | +5.4% | +17.6% |
| 2016 | -40.7% | -27.5% | -23.4% |
| 2015 | +3.6% | +11.6% | -0.1% |
| 2014 | +28.5% | +10.8% | +31.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
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 Colony South Brooklyn Houses Inc with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Colony South Brooklyn Houses Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with annual revenues exceeding $4 million. This could indicate that key executives are compensated through other means not categorized as 'officer compensation' or that the organization relies heavily on volunteer leadership, which would be a significant strength.
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 Colony South Brooklyn Houses Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure executive remuneration practices.
- Significant fluctuations in liabilities without clear explanation in provided data.
Strengths
The following positive indicators were identified for Colony South Brooklyn Houses Inc:
- Consistent revenue generation, generally matching or exceeding expenses, indicating sound financial management.
- Stable asset base, growing from $1.9M in 2011 to $2.1M currently, suggesting financial resilience.
- Clear mission focus indicated by NTEE code P33Z (Housing & Shelter).
Frequently Asked Questions about Colony South Brooklyn Houses Inc
Is Colony South Brooklyn Houses Inc a legitimate charity?
Colony South Brooklyn Houses Inc (EIN: 112197984) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 8 years of IRS 990 filings on record. Total revenue: $4.5M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Colony South Brooklyn Houses Inc spend its money?
Colony South Brooklyn Houses Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Colony South Brooklyn Houses Inc tax-deductible?
Colony South Brooklyn Houses Inc is registered as a tax-exempt nonprofit (EIN: 112197984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Colony South Brooklyn Houses Inc CEO make?
Colony South Brooklyn Houses Inc's highest-compensated officer earns $4 annually. The organization reported $4.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Colony South Brooklyn Houses Inc's spending goes to programs?
Colony South Brooklyn Houses Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Colony South Brooklyn Houses Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Colony South Brooklyn Houses Inc is above average for NTEE category P33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Colony South Brooklyn Houses Inc located?
Colony South Brooklyn Houses Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112197984. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Colony South Brooklyn Houses Inc have?
Colony South Brooklyn Houses Inc has 8 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 $4.5M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and could indicate that compensation is structured differently (e.g., through a related entity, or as contractor fees), or that the organization is primarily volunteer-led at the executive level. Further clarification would be needed to understand this aspect of their financial management.
What is the detailed breakdown of program service expenses?
Without a detailed breakdown of program service expenses from the 990 filings, it's difficult to ascertain the specific areas where the majority of funds are allocated within their housing and shelter mission. This information is crucial for a comprehensive understanding of their impact.
How does the organization manage its liabilities, which have fluctuated significantly?
Liabilities have fluctuated, for example, from $1,634,016 in 2011 to $656,789 in 2016, and then up to $1,147,407 in 2018. Understanding the nature of these liabilities and the organization's strategy for managing them is important for assessing long-term financial stability.
Filing History
IRS 990 filing history for Colony South Brooklyn Houses Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Colony South Brooklyn Houses Inc's revenue has declined by 46.4%, moving from $8.6M to $4.6M. Total assets increased by 16.9% over the same period, from $1.9M to $2.2M. Total functional expenses fell by 46.8%, from $8.6M to $4.6M. In its most recent filing year (2018), Colony South Brooklyn Houses Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $2.2M in assets (debt-to-asset ratio: 51.5%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $4.6M | $4.6M | $2.2M | $1.1M | — | View 990 |
| 2017 | $4.4M | $4.5M | $2.1M | $1.0M | — | View 990 |
| 2016 | $3.8M | $4.3M | $1.8M | $657K | — | View 990 |
| 2015 | $6.5M | $6.0M | $2.3M | $707K | — | View 990 |
| 2014 | $6.2M | $5.3M | $2.3M | $1.1M | — | View 990 |
| 2013 | $4.9M | $4.8M | $1.8M | $1.4M | — | View 990 |
| 2012 | $8.1M | $8.1M | $1.7M | $1.6M | — | View 990 |
| 2011 | $8.6M | $8.6M | $1.9M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $4.6M, expenses of $4.6M, and assets of $2.2M (revenue +3.3% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.5M, and assets of $2.1M (revenue +15.9% year-over-year).
- 2016: Revenue of $3.8M, expenses of $4.3M, and assets of $1.8M (revenue -40.7% year-over-year).
- 2015: Revenue of $6.5M, expenses of $6.0M, and assets of $2.3M (revenue +3.6% year-over-year).
- 2014: Revenue of $6.2M, expenses of $5.3M, and assets of $2.3M (revenue +28.5% year-over-year).
- 2013: Revenue of $4.9M, expenses of $4.8M, and assets of $1.8M (revenue -40.0% year-over-year).
- 2012: Revenue of $8.1M, expenses of $8.1M, and assets of $1.7M (revenue -5.5% year-over-year).
- 2011: Revenue of $8.6M, expenses of $8.6M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colony South Brooklyn Houses Inc:
Data Sources and Methodology
This transparency report for Colony South Brooklyn Houses 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.