Council Towers Ii Housing Development Fund Corporation
Council Towers II Housing Development Fund Corporation maintains stable operations with growing assets but significant liabilities.
EIN: 133751223 · Suffern, NY · NTEE: E91 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.3M |
| Program Spending | 90% |
| Net Assets | $-9,105,410 |
| Transparency Score | 85/100 |
Search Intent Cockpit
Council Towers Ii Housing Development Fund Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Council Towers Ii Housing Development Fund Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Council Towers Ii Housing Development Fund Corporation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $2.4M and expenses of $2.3M.
Revenue and Expenses
Council Towers Ii Housing Development Fund Corporation reported $2.4M in revenue and $2.3M in expenses, a surplus of $95K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Council Towers Ii Housing Development Fund Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.1M (90%) |
Across stored filings, Council Towers Ii Housing Development Fund Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Health context |
Trust Check
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Keep the Investigation Moving
Council Towers Ii Housing Development Fund Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Council Towers Ii Housing Development Fund Corporation
Council Towers Ii Housing Development Fund Corporation (EIN: 133751223) is a nonprofit organization based in Suffern, NY, classified under NTEE code E91. The organization reported total revenue of $2.7M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Council Towers Ii Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Council Towers Ii Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$95K |
| Total Assets | $5.0M |
| Total Liabilities | $14.1M |
| Net Assets | $-9,105,410 |
| Operating Margin | 4.0% |
| Debt-to-Asset Ratio | 282.1% |
| Months of Reserves | 26.0 months |
Financial Health Grade: A
In 2023, Council Towers Ii Housing Development Fund Corporation reported a surplus of $95K with revenue exceeding expenses, holds 26.0 months of operating reserves (strong position), has a debt-to-asset ratio of 282.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Council Towers Ii Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.2% | +2.1% | +10.6% |
| 2022 | -5.6% | -7.4% | +6.2% |
| 2021 | -3.6% | +3.0% | +2.3% |
| 2020 | +56.4% | +29.0% | +2.3% |
| 2019 | +20.0% | +5.4% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Council Towers Ii Housing Development Fund Corporation with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Council Towers Ii Housing Development Fund Corporation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $95K, with revenue exceeding expenses.
- Debt-to-asset ratio: 282.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990. This indicates a very low overhead in terms of executive salaries relative to its multi-million dollar revenue and asset base.
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 Council Towers Ii Housing Development Fund Corporation's IRS 990 filings:
- High liabilities relative to assets, indicating a highly leveraged financial structure.
Strengths
The following positive indicators were identified for Council Towers Ii Housing Development Fund Corporation:
- Consistent filing history, demonstrating transparency.
- Zero reported officer compensation, indicating efficient use of funds for executive salaries.
- Positive net income in the latest filing (2023), showing financial stability.
- Growing assets over recent periods, suggesting expansion or asset appreciation.
Frequently Asked Questions about Council Towers Ii Housing Development Fund Corporation
Is Council Towers Ii Housing Development Fund Corporation a legitimate charity?
Council Towers Ii Housing Development Fund Corporation (EIN: 133751223) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Council Towers Ii Housing Development Fund Corporation spend its money?
Council Towers Ii Housing Development Fund Corporation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Council Towers Ii Housing Development Fund Corporation tax-deductible?
Council Towers Ii Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133751223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Council Towers Ii Housing Development Fund Corporation's spending goes to programs?
Council Towers Ii Housing Development Fund Corporation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Council Towers Ii Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Council Towers Ii Housing Development Fund Corporation is above average for NTEE category E91 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Council Towers Ii Housing Development Fund Corporation located?
Council Towers Ii Housing Development Fund Corporation is headquartered in Suffern, New York and files with the IRS under EIN 133751223. It is classified under NTEE code E91.
How many years of IRS 990 filings does Council Towers Ii Housing Development Fund Corporation have?
Council Towers Ii Housing Development Fund Corporation 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 $2.7M in total revenue.
How does Council Towers Ii Housing Development Fund Corporation manage its substantial liabilities?
The organization consistently carries significant liabilities, reaching $14,106,866 in 2023, which is common for housing development funds that often finance projects through debt. The consistent operation and positive net income in recent years suggest these liabilities are managed within its operational model, likely through rental income or other program-related revenues.
What is the primary source of revenue for the organization?
While not explicitly detailed in the provided data, for a housing development fund corporation, the primary sources of revenue are typically rental income from properties, government subsidies, or grants related to housing programs. The consistent revenue streams over the years, such as $2,406,931 in 2023, support its ongoing operations.
Does the organization have a healthy financial reserve?
The organization's assets have grown to $5,001,456 in 2023, but its liabilities are significantly higher at $14,106,866. While assets are increasing, the high debt-to-asset ratio suggests that most assets are likely tied up in property and not readily available as liquid reserves. A detailed balance sheet would be needed to assess liquid reserves.
Filing History
IRS 990 filing history for Council Towers Ii Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Council Towers Ii Housing Development Fund Corporation's revenue has grown by 221.3%, moving from $749K to $2.4M. Total assets decreased by 36.2% over the same period, from $7.8M to $5.0M. Total functional expenses rose by 62.9%, from $1.4M to $2.3M. In its most recent filing year (2023), Council Towers Ii Housing Development Fund Corporation reported a surplus of $95K, with revenue exceeding expenses. The organization holds $14.1M in liabilities against $5.0M in assets (debt-to-asset ratio: 282.1%), resulting in net assets of $-9,105,410.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.3M | $5.0M | $14.1M | — | — |
| 2022 | $2.1M | $2.3M | $4.5M | $13.7M | — | View 990 |
| 2021 | $2.2M | $2.4M | $4.3M | $13.3M | — | View 990 |
| 2020 | $2.3M | $2.4M | $4.2M | $13.0M | — | View 990 |
| 2019 | $1.5M | $1.8M | $4.1M | $12.8M | — | View 990 |
| 2018 | $1.2M | $1.7M | $4.3M | $12.6M | — | View 990 |
| 2017 | $1.1M | $1.6M | $4.8M | $12.6M | — | — |
| 2016 | $1.1M | $1.6M | $5.2M | $12.6M | — | View 990 |
| 2015 | $1.1M | $1.6M | $5.8M | $12.7M | — | View 990 |
| 2014 | $1.1M | $1.6M | $6.1M | $12.5M | — | View 990 |
| 2013 | $765K | $1.4M | $6.7M | $12.6M | — | View 990 |
| 2012 | $757K | $1.4M | $7.3M | $12.6M | — | View 990 |
| 2011 | $749K | $1.4M | $7.8M | $12.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.3M, and assets of $5.0M (revenue +15.2% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.3M, and assets of $4.5M (revenue -5.6% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.4M, and assets of $4.3M (revenue -3.6% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.4M, and assets of $4.2M (revenue +56.4% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.8M, and assets of $4.1M (revenue +20.0% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.7M, and assets of $4.3M (revenue +7.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.6M, and assets of $4.8M (revenue +3.5% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.6M, and assets of $5.2M (revenue -1.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.6M, and assets of $5.8M (revenue +-0.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.6M, and assets of $6.1M (revenue +45.2% year-over-year).
- 2013: Revenue of $765K, expenses of $1.4M, and assets of $6.7M (revenue +1.0% year-over-year).
- 2012: Revenue of $757K, expenses of $1.4M, and assets of $7.3M (revenue +1.0% year-over-year).
- 2011: Revenue of $749K, expenses of $1.4M, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Council Towers Ii Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Council Towers Ii Housing Development Fund Corporation 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.