Community Homes Housing Development Fund Company
Community Homes Housing Development Fund Company maintains positive net assets with fluctuating revenue and no reported executive compensation.
EIN: 134145926 · New York, NY · NTEE: L25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $2.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $6.6M |
| Transparency Score | 90/100 |
Is Community Homes Housing Development Fund Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Homes Housing Development Fund Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Homes Housing Development Fund Company
Community Homes Housing Development Fund Company (EIN: 134145926) is a nonprofit organization based in New York, NY, classified under NTEE code L25. The organization reported total revenue of $4.7M and total assets of $11.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Homes Housing Development Fund Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Homes Housing Development Fund Company is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$451K |
| Total Assets | $12.5M |
| Total Liabilities | $5.8M |
| Net Assets | $6.6M |
| Operating Margin | 14.1% |
| Debt-to-Asset Ratio | 46.7% |
| Months of Reserves | 54.7 months |
Financial Health Grade: A
In 2023, Community Homes Housing Development Fund Company reported a surplus of $451K with revenue exceeding expenses, holds 54.7 months of operating reserves (strong position), has a debt-to-asset ratio of 46.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Community Homes Housing Development Fund Company's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +186.0% | +292.4% | -4.4% |
| 2022 | -33.1% | -18.2% | -12.3% |
| 2021 | +24.6% | -37.2% | -22.4% |
| 2020 | +148.8% | +49.5% | +5.2% |
| 2019 | -3.4% | +88.0% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2001 |
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 Community Homes Housing Development Fund Company with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Community Homes Housing Development Fund Company allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $451K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive sign, suggesting that all available funds are directed towards the organization's mission rather than executive salaries, especially for an organization with assets exceeding $11 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 Community Homes Housing Development Fund Company's IRS 990 filings:
- Significant year-over-year revenue fluctuations, which could indicate reliance on inconsistent funding sources or project-based income.
Strengths
The following positive indicators were identified for Community Homes Housing Development Fund Company:
- Consistent positive net assets, indicating strong financial health.
- 0% reported officer compensation across all filings, demonstrating high efficiency and mission focus.
- Expenses generally kept below revenue, showing responsible financial management.
- Clear alignment between organization name, NTEE code, and implied mission (Housing Development).
Frequently Asked Questions about Community Homes Housing Development Fund Company
Is Community Homes Housing Development Fund Company a legitimate charity?
Community Homes Housing Development Fund Company (EIN: 134145926) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $4.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Community Homes Housing Development Fund Company spend its money?
Community Homes Housing Development Fund Company directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Community Homes Housing Development Fund Company tax-deductible?
Community Homes Housing Development Fund Company is registered as a tax-exempt nonprofit (EIN: 134145926). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Community Homes Housing Development Fund Company CEO make?
Community Homes Housing Development Fund Company's highest-compensated officer earns $11 annually. The organization reported $4.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Community Homes Housing Development Fund Company's spending goes to programs?
Community Homes Housing Development Fund Company directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Community Homes Housing Development Fund Company compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Community Homes Housing Development Fund Company is above average for NTEE category L25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Community Homes Housing Development Fund Company located?
Community Homes Housing Development Fund Company is headquartered in New York, New York and files with the IRS under EIN 134145926. It is classified under NTEE code L25.
How many years of IRS 990 filings does Community Homes Housing Development Fund Company have?
Community Homes Housing Development Fund Company has 14 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 $4.7M in total revenue.
Is Community Homes Housing Development Fund Company a good charity?
Based on the available financial data, Community Homes Housing Development Fund Company appears to be a well-managed organization. It consistently maintains positive net assets, has generally kept expenses below revenue, and notably reports 0% officer compensation, indicating a strong commitment to its mission. These factors suggest it is a good charity in terms of financial stewardship and program focus.
How has the organization's revenue trended over time?
The organization's revenue has shown significant variability over the past decade, ranging from a low of $537,474 in 2019 to a high of $5,369,683 in 2015. More recently, revenue was $1,113,756 in 2022 and increased to $3,185,165 in 2023, indicating an upward trend in the latest period.
What is the organization's financial stability?
Community Homes Housing Development Fund Company demonstrates good financial stability. Its assets have consistently exceeded liabilities across all reported periods, with net assets ranging from approximately $4.5 million to over $5 million in recent years (e.g., $12,465,829 assets vs. $5,824,414 liabilities in 2023). This indicates a healthy balance sheet and ability to cover its obligations.
Filing History
IRS 990 filing history for Community Homes Housing Development Fund Company showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Community Homes Housing Development Fund Company's revenue has grown by 192.9%, moving from $1.1M to $3.2M. Total assets decreased by 16.4% over the same period, from $14.9M to $12.5M. Total functional expenses rose by 73.7%, from $1.6M to $2.7M. In its most recent filing year (2023), Community Homes Housing Development Fund Company reported a surplus of $451K, with revenue exceeding expenses. The organization holds $5.8M in liabilities against $12.5M in assets (debt-to-asset ratio: 46.7%), resulting in net assets of $6.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $2.7M | $12.5M | $5.8M | — | — |
| 2022 | $1.1M | $697K | $13.0M | $6.8M | — | — |
| 2021 | $1.7M | $852K | $14.9M | $9.1M | — | View 990 |
| 2020 | $1.3M | $1.4M | $19.2M | $14.2M | — | View 990 |
| 2019 | $537K | $908K | $18.2M | $13.2M | — | View 990 |
| 2018 | $556K | $483K | $19.0M | $13.6M | — | View 990 |
| 2017 | $606K | $505K | $16.7M | $11.3M | — | View 990 |
| 2016 | $3.5M | $1.2M | $13.2M | $8.0M | — | View 990 |
| 2015 | $5.4M | $2.6M | $14.8M | $11.8M | — | View 990 |
| 2014 | $1.4M | $1.3M | $14.9M | $14.8M | — | View 990 |
| 2013 | $1.4M | $1.4M | $12.5M | $12.5M | — | View 990 |
| 2012 | $1.0M | $1.3M | $14.3M | $14.2M | — | View 990 |
| 2011 | $1.3M | $1.6M | $15.0M | $14.6M | — | View 990 |
| 2010 | $1.1M | $1.6M | $14.9M | $14.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $2.7M, and assets of $12.5M (revenue +186.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $697K, and assets of $13.0M (revenue -33.1% year-over-year).
- 2021: Revenue of $1.7M, expenses of $852K, and assets of $14.9M (revenue +24.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.4M, and assets of $19.2M (revenue +148.8% year-over-year).
- 2019: Revenue of $537K, expenses of $908K, and assets of $18.2M (revenue -3.4% year-over-year).
- 2018: Revenue of $556K, expenses of $483K, and assets of $19.0M (revenue -8.1% year-over-year).
- 2017: Revenue of $606K, expenses of $505K, and assets of $16.7M (revenue -82.9% year-over-year).
- 2016: Revenue of $3.5M, expenses of $1.2M, and assets of $13.2M (revenue -34.0% year-over-year).
- 2015: Revenue of $5.4M, expenses of $2.6M, and assets of $14.8M (revenue +279.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $14.9M (revenue +1.4% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $12.5M (revenue +39.2% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.3M, and assets of $14.3M (revenue -21.6% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.6M, and assets of $15.0M (revenue +17.8% year-over-year).
- 2010: Revenue of $1.1M, expenses of $1.6M, and assets of $14.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Homes Housing Development Fund Company:
Data Sources and Methodology
This transparency report for Community Homes Housing Development Fund Company 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.