Council Towers Iv Housing Development Fund Corporation
Council Towers Iv HDFC consistently operates at a deficit, drawing down assets while managing significant liabilities.
EIN: 133986958 · New York, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.1M |
| Program Spending | 90% |
| Net Assets | $-8,869,946 |
| Transparency Score | 70/100 |
Is Council Towers Iv 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 →
Council Towers Iv 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 Iv Housing Development Fund Corporation
Council Towers Iv Housing Development Fund Corporation (EIN: 133986958) is a nonprofit organization based in New York, NY, classified under NTEE code L200. The organization reported total revenue of $2.1M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Council Towers Iv 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 Iv Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-296,335 |
| Total Assets | $5.1M |
| Total Liabilities | $13.9M |
| Net Assets | $-8,869,946 |
| Operating Margin | -16.5% |
| Debt-to-Asset Ratio | 275.6% |
| Months of Reserves | 29.0 months |
Financial Health Grade: C
In 2023, Council Towers Iv Housing Development Fund Corporation reported a deficit of $296K with expenses exceeding revenue, holds 29.0 months of operating reserves (strong position), has a debt-to-asset ratio of 275.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Council Towers Iv Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.5% | +5.7% | -4.2% |
| 2022 | -10.1% | -10.5% | -3.0% |
| 2021 | +3.0% | +1.2% | -6.5% |
| 2020 | +37.1% | +26.3% | +1.3% |
| 2019 | +9.6% | +3.1% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Iv Housing Development Fund Corporation 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Council Towers Iv Housing Development Fund Corporation 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 deficit of $296K, with expenses exceeding revenue.
- Debt-to-asset ratio: 275.6%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive compensation directly from the organization, which is highly favorable for resource allocation to its mission.
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 Iv Housing Development Fund Corporation's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) over multiple years.
- Significant and increasing liabilities, reaching $13,921,874 in 2023.
- Steady decline in total assets over the past decade, from $7.98M in 2014 to $5.05M in 2023.
Strengths
The following positive indicators were identified for Council Towers Iv Housing Development Fund Corporation:
- Zero reported officer compensation, indicating efficient use of funds at the executive level.
- Long operating history with 13 filings, suggesting established operations.
- NTEE code (L200) aligns directly with the organization's name and likely mission, indicating clear purpose.
Frequently Asked Questions about Council Towers Iv Housing Development Fund Corporation
Is Council Towers Iv Housing Development Fund Corporation a legitimate charity?
Council Towers Iv Housing Development Fund Corporation (EIN: 133986958) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Council Towers Iv Housing Development Fund Corporation spend its money?
Council Towers Iv Housing Development Fund Corporation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Council Towers Iv Housing Development Fund Corporation tax-deductible?
Council Towers Iv Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133986958). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Council Towers Iv Housing Development Fund Corporation's spending goes to programs?
Council Towers Iv Housing Development Fund Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Council Towers Iv Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Council Towers Iv Housing Development Fund Corporation is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Council Towers Iv Housing Development Fund Corporation located?
Council Towers Iv Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 133986958. It is classified under NTEE code L200.
How many years of IRS 990 filings does Council Towers Iv Housing Development Fund Corporation have?
Council Towers Iv 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 $2.1M in total revenue.
How does Council Towers Iv HDFC cover its consistent operating deficits?
The organization consistently reports expenses exceeding revenue, for example, by $296,335 in 2023 and $424,450 in 2022. This suggests they are either drawing down on accumulated assets, which have decreased from $7,986,074 in 2014 to $5,051,928 in 2023, or relying on other non-revenue funding sources not detailed in this summary.
What is the nature of the organization's substantial and increasing liabilities?
Liabilities have steadily increased from $12,630,358 in 2014 to $13,921,874 in 2023. Without further detail from the full IRS 990 filings, it's unclear if these are primarily related to mortgages, bonds, or other long-term debt associated with their housing development activities.
Is the organization's asset decline a concern for its long-term viability?
Assets have decreased by approximately 36% over the past decade. While not immediately critical given the current asset base of over $5 million, a continued trend of asset depletion due to operating deficits could impact long-term financial health if not addressed.
Filing History
IRS 990 filing history for Council Towers Iv Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Council Towers Iv Housing Development Fund Corporation's revenue has grown by 151.7%, moving from $712K to $1.8M. Total assets decreased by 48.3% over the same period, from $9.8M to $5.1M. Total functional expenses rose by 52.9%, from $1.4M to $2.1M. In its most recent filing year (2023), Council Towers Iv Housing Development Fund Corporation reported a deficit of $296K, with expenses exceeding revenue. The organization holds $13.9M in liabilities against $5.1M in assets (debt-to-asset ratio: 275.6%), resulting in net assets of $-8,869,946.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.1M | $5.1M | $13.9M | — | — |
| 2022 | $1.6M | $2.0M | $5.3M | $13.8M | — | View 990 |
| 2021 | $1.7M | $2.2M | $5.4M | $13.6M | — | View 990 |
| 2020 | $1.7M | $2.2M | $5.8M | $13.5M | — | View 990 |
| 2019 | $1.2M | $1.7M | $5.7M | $12.9M | — | View 990 |
| 2018 | $1.1M | $1.7M | $6.1M | $12.7M | — | View 990 |
| 2017 | $1.0M | $1.6M | $6.6M | $12.7M | — | — |
| 2016 | $1.0M | $1.4M | $7.1M | $12.6M | — | View 990 |
| 2015 | $1.0M | $1.5M | $7.6M | $12.7M | — | View 990 |
| 2014 | $867K | $1.4M | $8.0M | $12.6M | — | View 990 |
| 2013 | $717K | $1.4M | $8.6M | $12.7M | — | View 990 |
| 2012 | $722K | $1.3M | $9.0M | $12.5M | — | View 990 |
| 2011 | $712K | $1.4M | $9.8M | $12.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.1M, and assets of $5.1M (revenue +15.5% year-over-year).
- 2022: Revenue of $1.6M, expenses of $2.0M, and assets of $5.3M (revenue -10.1% year-over-year).
- 2021: Revenue of $1.7M, expenses of $2.2M, and assets of $5.4M (revenue +3.0% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.2M, and assets of $5.8M (revenue +37.1% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.7M, and assets of $5.7M (revenue +9.6% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.7M, and assets of $6.1M (revenue +6.8% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.6M, and assets of $6.6M (revenue +2.8% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.4M, and assets of $7.1M (revenue -0.3% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.5M, and assets of $7.6M (revenue +17.5% year-over-year).
- 2014: Revenue of $867K, expenses of $1.4M, and assets of $8.0M (revenue +20.9% year-over-year).
- 2013: Revenue of $717K, expenses of $1.4M, and assets of $8.6M (revenue -0.6% year-over-year).
- 2012: Revenue of $722K, expenses of $1.3M, and assets of $9.0M (revenue +1.4% year-over-year).
- 2011: Revenue of $712K, expenses of $1.4M, and assets of $9.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Council Towers Iv Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Council Towers Iv 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.