Crotona Park West Housing Development Fund Corporation
Crotona Park West Housing Development Fund Corporation faces persistent operational deficits and growing liabilities.
EIN: 133514343 · New York, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.8M |
| Total Expenses | $9.8M |
| Program Spending | 80% |
| Net Assets | $-35,859,078 |
| Transparency Score | 45/100 |
Is Crotona Park West Housing Development Fund Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Crotona Park West Housing Development Fund Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Crotona Park West Housing Development Fund Corporation
Crotona Park West Housing Development Fund Corporation (EIN: 133514343) is a nonprofit organization based in New York, NY, classified under NTEE code L200. The organization reported total revenue of $7.8M and total assets of $20.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Crotona Park West Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Crotona Park West Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.6M |
| Total Expenses | $9.8M |
| Surplus / Deficit | $-2,189,104 |
| Total Assets | $21.9M |
| Total Liabilities | $57.8M |
| Net Assets | $-35,859,078 |
| Operating Margin | -28.9% |
| Debt-to-Asset Ratio | 263.7% |
| Months of Reserves | 27.0 months |
Financial Health Grade: C
In 2023, Crotona Park West Housing Development Fund Corporation reported a deficit of $2.2M with expenses exceeding revenue, holds 27.0 months of operating reserves (strong position), has a debt-to-asset ratio of 263.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Crotona Park West Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | +1.5% | -4.9% |
| 2022 | +1.7% | +8.1% | -5.4% |
| 2021 | +3.2% | +5.9% | -1.5% |
| 2020 | +1.8% | +5.1% | -4.2% |
| 2019 | +1.5% | +3.6% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Crotona Park West Housing Development Fund Corporation with a Mission Score of 45 out of 100 (Fair). 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, Crotona Park West Housing Development Fund Corporation 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 $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 263.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a 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 Crotona Park West Housing Development Fund Corporation's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in every reported year (e.g., $2,189,104 deficit in 2023).
- Significant and continuous increase in liabilities, from $51,517,594 in 2014 to $57,770,255 in 2023.
- Steady decline in total assets over the past decade, from $27,658,938 in 2014 to $21,911,177 in 2023.
- Negative net assets, as liabilities ($57,770,255) significantly exceed assets ($21,911,177) in 2023.
Strengths
The following positive indicators were identified for Crotona Park West Housing Development Fund Corporation:
- No officer compensation reported across all filings, indicating efficient use of funds at the executive level.
Frequently Asked Questions about Crotona Park West Housing Development Fund Corporation
Is Crotona Park West Housing Development Fund Corporation a legitimate charity?
Crotona Park West Housing Development Fund Corporation (EIN: 133514343) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.8M. 4 red flags identified. 1 strength noted. Financial health grade: C.
How does Crotona Park West Housing Development Fund Corporation spend its money?
Crotona Park West Housing Development Fund Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Crotona Park West Housing Development Fund Corporation tax-deductible?
Crotona Park West Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133514343). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Crotona Park West Housing Development Fund Corporation's spending goes to programs?
Crotona Park West Housing Development Fund Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Crotona Park West Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Crotona Park West Housing Development Fund Corporation is near average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Crotona Park West Housing Development Fund Corporation located?
Crotona Park West Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 133514343. It is classified under NTEE code L200.
How many years of IRS 990 filings does Crotona Park West Housing Development Fund Corporation have?
Crotona Park West 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 $7.8M in total revenue.
Is Crotona Park West Housing Development Fund Corporation financially sustainable?
Based on the consistent operational deficits (e.g., $2,189,104 in 2023) and increasing liabilities ($57,770,255 in 2023), the organization's financial sustainability appears to be at risk.
Why are liabilities increasing so significantly?
Liabilities have increased from $51,517,594 in 2014 to $57,770,255 in 2023. Without further detail from the 990 filings, it's difficult to pinpoint the exact reasons, but it suggests reliance on debt or other obligations to cover operational shortfalls and potentially fund housing development activities.
What is the organization's strategy to address its operational deficits?
The organization has consistently spent more than it earned for over a decade. For example, in 2023, expenses were $9,750,914 while revenue was $7,561,810. The filings do not provide insight into their strategy to reverse this trend.
Filing History
IRS 990 filing history for Crotona Park West Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Crotona Park West Housing Development Fund Corporation's revenue has grown by 36.7%, moving from $5.5M to $7.6M. Total assets decreased by 28.3% over the same period, from $30.6M to $21.9M. Total functional expenses rose by 54.9%, from $6.3M to $9.8M. In its most recent filing year (2023), Crotona Park West Housing Development Fund Corporation reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $57.8M in liabilities against $21.9M in assets (debt-to-asset ratio: 263.7%), resulting in net assets of $-35,859,078.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.6M | $9.8M | $21.9M | $57.8M | — | View 990 |
| 2022 | $7.4M | $9.6M | $23.0M | $56.9M | — | View 990 |
| 2021 | $7.3M | $8.9M | $24.4M | $56.0M | — | View 990 |
| 2020 | $7.0M | $8.4M | $24.7M | $54.7M | — | View 990 |
| 2019 | $6.9M | $8.0M | $25.8M | $54.4M | — | View 990 |
| 2018 | $6.8M | $7.7M | $26.1M | $53.6M | — | View 990 |
| 2017 | $6.7M | $7.5M | $26.5M | $53.1M | — | View 990 |
| 2016 | $6.3M | $6.9M | $26.6M | $52.4M | — | View 990 |
| 2015 | $6.1M | $7.4M | $27.2M | $52.4M | — | View 990 |
| 2014 | $5.8M | $7.4M | $27.7M | $51.5M | — | View 990 |
| 2013 | $5.6M | $6.9M | $28.8M | $51.1M | — | View 990 |
| 2012 | $5.3M | $6.8M | $29.7M | $50.5M | — | View 990 |
| 2011 | $5.5M | $6.3M | $30.6M | $50.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.6M, expenses of $9.8M, and assets of $21.9M (revenue +2.3% year-over-year).
- 2022: Revenue of $7.4M, expenses of $9.6M, and assets of $23.0M (revenue +1.7% year-over-year).
- 2021: Revenue of $7.3M, expenses of $8.9M, and assets of $24.4M (revenue +3.2% year-over-year).
- 2020: Revenue of $7.0M, expenses of $8.4M, and assets of $24.7M (revenue +1.8% year-over-year).
- 2019: Revenue of $6.9M, expenses of $8.0M, and assets of $25.8M (revenue +1.5% year-over-year).
- 2018: Revenue of $6.8M, expenses of $7.7M, and assets of $26.1M (revenue +1.5% year-over-year).
- 2017: Revenue of $6.7M, expenses of $7.5M, and assets of $26.5M (revenue +6.7% year-over-year).
- 2016: Revenue of $6.3M, expenses of $6.9M, and assets of $26.6M (revenue +3.2% year-over-year).
- 2015: Revenue of $6.1M, expenses of $7.4M, and assets of $27.2M (revenue +4.9% year-over-year).
- 2014: Revenue of $5.8M, expenses of $7.4M, and assets of $27.7M (revenue +4.5% year-over-year).
- 2013: Revenue of $5.6M, expenses of $6.9M, and assets of $28.8M (revenue +4.2% year-over-year).
- 2012: Revenue of $5.3M, expenses of $6.8M, and assets of $29.7M (revenue -3.5% year-over-year).
- 2011: Revenue of $5.5M, expenses of $6.3M, and assets of $30.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Crotona Park West Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Crotona Park West 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.