Concourse House Housing Development Fund Company Inc
Concourse House shows consistent revenue growth and high program spending efficiency with no reported officer compensation.
EIN: 133420753 · Bronx, NY · NTEE: L410 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $6.4M |
| Program Spending | 95% |
| Net Assets | $1.6M |
| Transparency Score | 92/100 |
Is Concourse 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 →
Concourse House Housing Development Fund Company Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Concourse House Housing Development Fund Company Inc
Concourse House Housing Development Fund Company Inc (EIN: 133420753) is a nonprofit organization based in Bronx, NY, classified under NTEE code L410. The organization reported total revenue of $6.4M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concourse 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
Concourse House Housing Development Fund Company Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $6.4M |
| Surplus / Deficit | +$56K |
| Total Assets | $4.6M |
| Total Liabilities | $3.0M |
| Net Assets | $1.6M |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 64.8% |
| Months of Reserves | 8.7 months |
Financial Health Grade: A
In 2023, Concourse House Housing Development Fund Company Inc reported a surplus of $56K with revenue exceeding expenses, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 64.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Concourse House Housing Development Fund Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.6% | +15.5% | +34.7% |
| 2022 | +53.4% | +46.4% | +3.4% |
| 2021 | +6.1% | +0.7% | -9.6% |
| 2020 | +6.7% | +7.1% | +22.3% |
| 2019 | -1.5% | +1.5% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Concourse House Housing Development Fund Company Inc with a Mission Score of 92 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: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Concourse House Housing Development Fund Company Inc allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% 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 $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 64.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests a volunteer-led or externally funded executive structure, or that compensation is reported under other expense categories.
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 Concourse House Housing Development Fund Company Inc's IRS 990 filings:
- Consistent 0% officer compensation might indicate executive compensation is reported under other expense lines, or that the organization is entirely volunteer-led at the executive level, which could be a point for further inquiry regarding sustainability.
Strengths
The following positive indicators were identified for Concourse House Housing Development Fund Company Inc:
- Strong program spending ratio (95% of expenses in 2023)
- Consistent revenue growth over the past several years, indicating increasing capacity
- No reported officer compensation, suggesting high dedication to mission
- Assets have shown consistent growth, strengthening the balance sheet
- Expenses consistently align closely with revenue, indicating efficient use of funds
Frequently Asked Questions about Concourse House Housing Development Fund Company Inc
Is Concourse House Housing Development Fund Company Inc a legitimate charity?
Concourse House Housing Development Fund Company Inc (EIN: 133420753) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.4M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Concourse House Housing Development Fund Company Inc spend its money?
Concourse House Housing Development Fund Company Inc directs 95% of its spending to programs and services. Fundraising costs 1%. This exceeds the 65% industry benchmark.
Are donations to Concourse House Housing Development Fund Company Inc tax-deductible?
Concourse House Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 133420753). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Concourse House Housing Development Fund Company Inc's spending goes to programs?
Concourse House Housing Development Fund Company Inc directs 95% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Concourse House Housing Development Fund Company Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Concourse House Housing Development Fund Company Inc is above average for NTEE category L410 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Concourse House Housing Development Fund Company Inc located?
Concourse House Housing Development Fund Company Inc is headquartered in Bronx, New York and files with the IRS under EIN 133420753. It is classified under NTEE code L410.
How many years of IRS 990 filings does Concourse House Housing Development Fund Company Inc have?
Concourse House Housing Development Fund Company Inc 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 $6.4M in total revenue.
Is Concourse House a good charity?
Based on the available data, Concourse House appears to be a very good charity. It demonstrates strong program spending (95% of expenses in 2023), consistent revenue growth, and a remarkable commitment to not paying officer compensation, suggesting a high dedication to its mission.
How has Concourse House's revenue trended over time?
Concourse House has shown significant revenue growth, more than doubling from $2,900,974 in 2016 to $6,405,926 in 2023, indicating increasing capacity and impact.
What is the organization's financial stability?
The organization's financial stability appears solid, with assets growing from $3,289,002 in 2021 to $4,579,892 in 2023, and revenues consistently covering expenses. The net assets (Assets minus Liabilities) have also shown positive growth.
Filing History
IRS 990 filing history for Concourse House Housing Development Fund Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Concourse House Housing Development Fund Company Inc's revenue has grown by 161.6%, moving from $2.4M to $6.4M. Total assets decreased by 48.2% over the same period, from $8.8M to $4.6M. Total functional expenses rose by 130.4%, from $2.8M to $6.4M. In its most recent filing year (2023), Concourse House Housing Development Fund Company Inc reported a surplus of $56K, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $4.6M in assets (debt-to-asset ratio: 64.8%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $6.4M | $4.6M | $3.0M | — | View 990 |
| 2022 | $5.8M | $5.5M | $3.4M | $1.8M | — | View 990 |
| 2021 | $3.8M | $3.8M | $3.3M | $2.1M | — | View 990 |
| 2020 | $3.6M | $3.7M | $3.6M | $2.5M | — | View 990 |
| 2019 | $3.4M | $3.5M | $3.0M | $1.7M | — | View 990 |
| 2018 | $3.4M | $3.4M | $3.2M | $1.8M | — | View 990 |
| 2017 | $3.0M | $3.2M | $2.8M | $1.4M | — | View 990 |
| 2016 | $2.9M | $3.2M | $8.8M | $7.2M | — | View 990 |
| 2015 | $2.8M | $3.0M | $8.7M | $6.8M | — | View 990 |
| 2014 | $2.3M | $2.6M | $8.7M | $6.6M | — | View 990 |
| 2013 | $2.6M | $2.4M | $9.1M | $6.6M | — | View 990 |
| 2012 | $2.6M | $2.8M | $9.1M | $6.6M | — | View 990 |
| 2011 | $2.4M | $2.8M | $8.8M | $6.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $6.4M, and assets of $4.6M (revenue +9.6% year-over-year).
- 2022: Revenue of $5.8M, expenses of $5.5M, and assets of $3.4M (revenue +53.4% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.8M, and assets of $3.3M (revenue +6.1% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.7M, and assets of $3.6M (revenue +6.7% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.5M, and assets of $3.0M (revenue -1.5% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.4M, and assets of $3.2M (revenue +13.8% year-over-year).
- 2017: Revenue of $3.0M, expenses of $3.2M, and assets of $2.8M (revenue +3.5% year-over-year).
- 2016: Revenue of $2.9M, expenses of $3.2M, and assets of $8.8M (revenue +2.0% year-over-year).
- 2015: Revenue of $2.8M, expenses of $3.0M, and assets of $8.7M (revenue +25.5% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.6M, and assets of $8.7M (revenue -13.3% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.4M, and assets of $9.1M (revenue -1.2% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.8M, and assets of $9.1M (revenue +7.9% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.8M, and assets of $8.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Concourse House Housing Development Fund Company Inc:
Data Sources and Methodology
This transparency report for Concourse 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.