Coney Island Site Nine Houses Inc
Coney Island Site Nine Houses Inc maintains stable operations with substantial assets and liabilities, reporting zero officer compensation.
EIN: 112306651 · New York, NY · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.9M |
| Program Spending | 85% |
| Net Assets | $3.6M |
| Transparency Score | 80/100 |
Is Coney Island Site Nine Houses Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coney Island Site Nine Houses Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Coney Island Site Nine Houses Inc
Coney Island Site Nine Houses Inc (EIN: 112306651) is a nonprofit organization based in New York, NY, classified under NTEE code L22Z. The organization reported total revenue of $3.1M and total assets of $13.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coney Island Site Nine Houses Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coney Island Site Nine Houses Inc is a mid-size nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$221K |
| Total Assets | $13.0M |
| Total Liabilities | $9.4M |
| Net Assets | $3.6M |
| Operating Margin | 7.0% |
| Debt-to-Asset Ratio | 72.2% |
| Months of Reserves | 53.7 months |
Financial Health Grade: A
In 2023, Coney Island Site Nine Houses Inc reported a surplus of $221K with revenue exceeding expenses, holds 53.7 months of operating reserves (strong position), has a debt-to-asset ratio of 72.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Coney Island Site Nine Houses Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.4% | +2.0% | -0.6% |
| 2022 | -1.4% | -0.8% | -2.2% |
| 2021 | -4.2% | +8.2% | -0.3% |
| 2020 | +4.9% | -10.9% | -1.1% |
| 2019 | +19.9% | +18.0% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
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 Coney Island Site Nine Houses Inc with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Coney Island Site Nine Houses Inc 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 surplus of $221K, with revenue exceeding expenses.
- Debt-to-asset ratio: 72.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership does not receive salaries from the organization, which is a strong positive for resource allocation.
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 Coney Island Site Nine Houses Inc's IRS 990 filings:
- Significant and consistent liabilities relative to assets, often exceeding $9 million, warrant further investigation into their nature and terms.
Strengths
The following positive indicators were identified for Coney Island Site Nine Houses Inc:
- Consistent revenue generation, reaching over $3.1 million in 2023.
- Substantial asset base, consistently above $13 million in recent years.
- Zero officer compensation reported across all filings, indicating efficient use of funds for mission.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Positive net income in the latest period (202306: Revenue $3,134,558 > Expenses $2,913,845).
Frequently Asked Questions about Coney Island Site Nine Houses Inc
Is Coney Island Site Nine Houses Inc a legitimate charity?
Coney Island Site Nine Houses Inc (EIN: 112306651) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Coney Island Site Nine Houses Inc spend its money?
Coney Island Site Nine Houses Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Coney Island Site Nine Houses Inc tax-deductible?
Coney Island Site Nine Houses Inc is registered as a tax-exempt nonprofit (EIN: 112306651). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Coney Island Site Nine Houses Inc's spending goes to programs?
Coney Island Site Nine Houses Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Coney Island Site Nine Houses Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Coney Island Site Nine Houses Inc is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Coney Island Site Nine Houses Inc located?
Coney Island Site Nine Houses Inc is headquartered in New York, New York and files with the IRS under EIN 112306651. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Coney Island Site Nine Houses Inc have?
Coney Island Site Nine Houses 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 $3.1M in total revenue.
Is Coney Island Site Nine Houses Inc a good charity?
Based on the available data, the organization exhibits strong financial stability with consistent revenue and substantial assets. The consistent reporting of 0% officer compensation is a significant positive indicator of efficient resource allocation. However, a full assessment would require detailed functional expense breakdowns and an understanding of its significant liabilities.
What is the trend in the organization's net assets?
Net assets (Assets - Liabilities) have generally been in the range of $3-4 million in recent years (e.g., $13,030,899 - $9,407,410 = $3,623,489 in 2023), showing a relatively stable but not significantly growing trend after a substantial increase between 2014 and 2015.
How has the organization's revenue changed over time?
Revenue has shown a general upward trend from $1.7 million in 2014 to over $3.1 million in 2023, with some fluctuations, indicating a growing capacity to generate income.
What is the significance of 0% officer compensation?
Zero officer compensation means that the organization's top leadership is not paid from its funds. This can free up more resources for program services and indicates a strong commitment to the mission, potentially through volunteer leadership or compensation from other related entities.
Are the organization's liabilities a concern?
The organization consistently carries significant liabilities, often exceeding $9 million, which are substantial relative to its assets. While not necessarily a red flag without further context, understanding the nature of these liabilities (e.g., mortgages, program-related investments) is crucial for a complete financial health assessment.
Filing History
IRS 990 filing history for Coney Island Site Nine Houses Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Coney Island Site Nine Houses Inc's revenue has grown by 20.4%, moving from $2.6M to $3.1M. Total assets increased by 372.3% over the same period, from $2.8M to $13.0M. Total functional expenses rose by 49.4%, from $2.0M to $2.9M. In its most recent filing year (2023), Coney Island Site Nine Houses Inc reported a surplus of $221K, with revenue exceeding expenses. The organization holds $9.4M in liabilities against $13.0M in assets (debt-to-asset ratio: 72.2%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $2.9M | $13.0M | $9.4M | — | View 990 |
| 2022 | $2.7M | $2.9M | $13.1M | $9.7M | — | View 990 |
| 2021 | $2.7M | $2.9M | $13.4M | $9.8M | — | View 990 |
| 2020 | $2.8M | $2.7M | $13.4M | $9.7M | — | View 990 |
| 2019 | $2.7M | $3.0M | $13.6M | $10.0M | — | View 990 |
| 2018 | $2.2M | $2.5M | $14.1M | $10.2M | — | — |
| 2017 | $2.2M | $2.4M | $14.9M | $10.7M | — | View 990 |
| 2016 | $2.7M | $2.1M | $14.1M | $9.8M | — | View 990 |
| 2015 | $2.6M | $2.2M | $4.3M | $601K | — | View 990 |
| 2014 | $1.7M | $1.1M | $3.6M | $328K | — | View 990 |
| 2013 | $3.4M | $2.0M | $3.8M | $1.2M | — | View 990 |
| 2012 | $2.6M | $2.2M | $2.6M | $1.3M | — | View 990 |
| 2011 | $2.6M | $2.0M | $2.8M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $2.9M, and assets of $13.0M (revenue +17.4% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.9M, and assets of $13.1M (revenue -1.4% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.9M, and assets of $13.4M (revenue -4.2% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.7M, and assets of $13.4M (revenue +4.9% year-over-year).
- 2019: Revenue of $2.7M, expenses of $3.0M, and assets of $13.6M (revenue +19.9% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.5M, and assets of $14.1M (revenue +0.6% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.4M, and assets of $14.9M (revenue -18.7% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.1M, and assets of $14.1M (revenue +4.4% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.2M, and assets of $4.3M (revenue +53.7% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.1M, and assets of $3.6M (revenue -49.5% year-over-year).
- 2013: Revenue of $3.4M, expenses of $2.0M, and assets of $3.8M (revenue +30.6% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.2M, and assets of $2.6M (revenue -0.3% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.0M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coney Island Site Nine Houses Inc:
Data Sources and Methodology
This transparency report for Coney Island Site Nine 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.