Community House Housing Development Fund Company Inc
Community House Housing Development Fund Company Inc consistently operates at a deficit, with declining assets and increasing liabilities over the past decade.
EIN: 113401318 · Brooklyn, NY · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $-7,807,414 |
| Transparency Score | 70/100 |
Is Community House Housing Development Fund Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community House Housing Development Fund Company Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community House Housing Development Fund Company Inc
Community House Housing Development Fund Company Inc (EIN: 113401318) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code L20Z. The organization reported total revenue of $1.8M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community House Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community House Housing Development Fund Company Inc is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-573,141 |
| Total Assets | $3.4M |
| Total Liabilities | $11.2M |
| Net Assets | $-7,807,414 |
| Operating Margin | -33.9% |
| Debt-to-Asset Ratio | 330.2% |
| Months of Reserves | 18.0 months |
Financial Health Grade: C
In 2023, Community House Housing Development Fund Company Inc reported a deficit of $573K with expenses exceeding revenue, holds 18.0 months of operating reserves (strong position), has a debt-to-asset ratio of 330.2% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Community House Housing Development Fund Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.1% | +12.6% | -12.0% |
| 2022 | -4.0% | +5.9% | -6.4% |
| 2021 | +0.6% | -1.5% | -3.9% |
| 2020 | +0.5% | +1.4% | -8.7% |
| 2019 | +0.6% | -5.8% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 House Housing Development Fund Company 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, Community House Housing Development Fund Company 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $573K, with expenses exceeding revenue.
- Debt-to-asset ratio: 330.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation or that it is not a significant expense, which is highly favorable for a nonprofit of this size with annual revenues around $1.5-$1.7 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 House Housing Development Fund Company Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) over a decade, e.g., $2,261,334 expenses vs. $1,688,193 revenue in 2023.
- Declining asset base from $6,788,002 in 2011 to $3,391,132 in 2023.
- Increasing liabilities from $10,564,840 in 2011 to $11,198,546 in 2023, alongside decreasing assets.
Strengths
The following positive indicators were identified for Community House Housing Development Fund Company Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial transparency regarding executive pay.
- Maintains a substantial asset base ($3.3M in 2023) relative to its annual revenue, providing some financial cushion.
- Consistent revenue generation over the past decade, averaging around $1.6M annually.
Frequently Asked Questions about Community House Housing Development Fund Company Inc
Is Community House Housing Development Fund Company Inc a legitimate charity?
Community House Housing Development Fund Company Inc (EIN: 113401318) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.8M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Community House Housing Development Fund Company Inc spend its money?
Community House Housing Development Fund Company Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Community House Housing Development Fund Company Inc tax-deductible?
Community House Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 113401318). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Community House Housing Development Fund Company Inc CEO make?
Community House Housing Development Fund Company Inc's highest-compensated officer earns $1.5 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Community House Housing Development Fund Company Inc's spending goes to programs?
Community House Housing Development Fund Company Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Community House Housing Development Fund Company Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Community House Housing Development Fund Company Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Community House Housing Development Fund Company Inc located?
Community House Housing Development Fund Company Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113401318. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Community House Housing Development Fund Company Inc have?
Community House Housing Development Fund Company Inc has 10 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 $1.8M in total revenue.
Is Community House Housing Development Fund Company Inc financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue for over a decade, leading to a decline in assets from $6.7M in 2011 to $3.3M in 2023. While it maintains significant assets, this trend raises concerns about long-term financial sustainability without a strategy to close the revenue-expense gap.
What is the nature of the organization's liabilities, which have increased from $10.5M to $11.1M?
Given its NTEE code (Housing Development), it is highly probable that a significant portion of these liabilities are long-term debt related to property acquisition, development, and management. Further investigation into the 990 forms would be needed to confirm the exact nature of these liabilities.
How does the organization cover its operating deficits?
The consistent operating deficits suggest that the organization is either drawing down on its existing assets or relying on non-operating income sources not detailed in the provided revenue figures, such as investment gains or specific grants that fluctuate year-to-year. The decline in assets supports the former.
Filing History
IRS 990 filing history for Community House Housing Development Fund Company Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Community House Housing Development Fund Company Inc's revenue has grown by 17%, moving from $1.4M to $1.7M. Total assets decreased by 50% over the same period, from $6.8M to $3.4M. Total functional expenses rose by 26.5%, from $1.8M to $2.3M. In its most recent filing year (2023), Community House Housing Development Fund Company Inc reported a deficit of $573K, with expenses exceeding revenue. The organization holds $11.2M in liabilities against $3.4M in assets (debt-to-asset ratio: 330.2%), resulting in net assets of $-7,807,414.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.3M | $3.4M | $11.2M | — | — |
| 2022 | $1.6M | $2.0M | $3.9M | $11.1M | — | View 990 |
| 2021 | $1.7M | $1.9M | $4.1M | $10.9M | — | View 990 |
| 2020 | $1.6M | $1.9M | $4.3M | $10.9M | — | View 990 |
| 2019 | $1.6M | $1.9M | $4.7M | $11.0M | — | View 990 |
| 2018 | $1.6M | $2.0M | $4.8M | $10.8M | — | View 990 |
| 2014 | $1.8M | $1.9M | $6.0M | $10.6M | — | View 990 |
| 2013 | $1.5M | $1.9M | $6.8M | $11.2M | — | View 990 |
| 2012 | $1.5M | $1.8M | $6.5M | $10.5M | — | View 990 |
| 2011 | $1.4M | $1.8M | $6.8M | $10.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.3M, and assets of $3.4M (revenue +6.1% year-over-year).
- 2022: Revenue of $1.6M, expenses of $2.0M, and assets of $3.9M (revenue -4.0% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.9M, and assets of $4.1M (revenue +0.6% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.9M, and assets of $4.3M (revenue +0.5% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.9M, and assets of $4.7M (revenue +0.6% year-over-year).
- 2018: Revenue of $1.6M, expenses of $2.0M, and assets of $4.8M (revenue -7.9% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.9M, and assets of $6.0M (revenue +14.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.9M, and assets of $6.8M (revenue +4.0% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.8M, and assets of $6.5M (revenue +3.0% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.8M, and assets of $6.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community House Housing Development Fund Company Inc:
Data Sources and Methodology
This transparency report for Community House Housing Development Fund Company 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.