Dewittsburg Housing Development Fund Corporation
Dewittsburg Housing Development Fund Corporation maintains stable operations with growing assets and no reported officer compensation.
EIN: 160992023 · Elmira, NY · NTEE: L200 · Updated: 2026-03-28
Is Dewittsburg 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 →
Dewittsburg Housing Development Fund Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dewittsburg Housing Development Fund Corporation
Dewittsburg Housing Development Fund Corporation (EIN: 160992023) is a nonprofit organization based in Elmira, NY, classified under NTEE code L200. The organization reported total revenue of $2.4M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dewittsburg Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Dewittsburg 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, Dewittsburg 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size ($2.4M revenue, $8.9M assets) and suggests that executive leadership may be entirely volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990.
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 Dewittsburg Housing Development Fund Corporation's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive compensation if it's categorized elsewhere.
Strengths
The following positive indicators were identified for Dewittsburg Housing Development Fund Corporation:
- Consistent asset growth, from $6.4M in 2014 to $8.9M in 2023, indicating financial stability.
- Stable revenue generation, consistently around $2.2-$2.4 million in recent years.
- Low liabilities relative to assets, with liabilities at $107,645 against $8,939,373 in assets for 202312.
- Long filing history (13 filings) demonstrates consistent compliance and operational longevity.
Frequently Asked Questions about Dewittsburg Housing Development Fund Corporation
Is Dewittsburg Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Dewittsburg Housing Development Fund Corporation (EIN: 160992023) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Dewittsburg Housing Development Fund Corporation spend its money?
Dewittsburg Housing Development Fund Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dewittsburg Housing Development Fund Corporation tax-deductible?
Dewittsburg Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 160992023). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Dewittsburg Housing Development Fund Corporation a good charity?
Based on the available data, the organization appears to be financially stable with growing assets and consistent revenue. The lack of reported officer compensation is a unique characteristic that could be viewed positively for efficiency, assuming leadership is effective. However, without a detailed breakdown of program vs. administrative expenses, a definitive 'good' rating is difficult, though the overall financial health is positive.
How does Dewittsburg Housing Development Fund Corporation manage its executive compensation?
The IRS 990 filings consistently report 0% officer compensation. This suggests that the organization's officers are either unpaid volunteers or their compensation is categorized differently within the expense structure, which would require a deeper dive into the full 990 forms to understand.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $6,428,111 in 2014 to $8,939,373 in 2023, indicating strong financial growth and asset accumulation over the decade.
Does the organization operate with a surplus or deficit?
The organization generally operates close to break-even. In the most recent period (202312), expenses ($2,531,859) slightly exceeded revenue ($2,419,636), resulting in a small deficit. However, in previous years (e.g., 202112, 202012, 201912), revenue exceeded expenses, indicating periods of surplus.
Filing History
IRS 990 filing history for Dewittsburg Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Dewittsburg Housing Development Fund Corporation's revenue has grown by 1589.8%, moving from $143K to $2.4M. Total assets increased by 59.3% over the same period, from $5.6M to $8.9M. Total functional expenses rose by 8610.1%, from $29K to $2.5M. In its most recent filing year (2023), Dewittsburg Housing Development Fund Corporation reported a deficit of $112K, with expenses exceeding revenue. The organization holds $108K in liabilities against $8.9M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.5M | $8.9M | $108K | — | — |
| 2022 | $2.3M | $2.3M | $8.9M | $80K | — | View 990 |
| 2021 | $2.3M | $2.1M | $9.3M | $115K | — | View 990 |
| 2020 | $2.3M | $1.9M | $8.9M | $110K | — | View 990 |
| 2019 | $2.2M | $1.9M | $8.5M | $173K | — | View 990 |
| 2018 | $2.3M | $1.9M | $7.9M | $100K | — | View 990 |
| 2017 | $2.3M | $1.9M | $7.6M | $101K | — | View 990 |
| 2016 | $2.4M | $1.9M | $7.6M | $555K | — | View 990 |
| 2015 | $1.7M | $1.5M | $7.4M | $808K | — | View 990 |
| 2014 | $614K | $28K | $6.4M | $2K | — | View 990 |
| 2013 | $1.5M | $27K | $6.1M | $2K | — | View 990 |
| 2012 | $203K | $29K | $5.8M | $1.4M | — | View 990 |
| 2011 | $143K | $29K | $5.6M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.5M, and assets of $8.9M (revenue +4.5% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.3M, and assets of $8.9M (revenue -0.8% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.1M, and assets of $9.3M (revenue +3.0% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.9M, and assets of $8.9M (revenue +1.0% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.9M, and assets of $8.5M (revenue -0.5% year-over-year).
- 2018: Revenue of $2.3M, expenses of $1.9M, and assets of $7.9M (revenue -2.7% year-over-year).
- 2017: Revenue of $2.3M, expenses of $1.9M, and assets of $7.6M (revenue -4.4% year-over-year).
- 2016: Revenue of $2.4M, expenses of $1.9M, and assets of $7.6M (revenue +43.4% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.5M, and assets of $7.4M (revenue +175.3% year-over-year).
- 2014: Revenue of $614K, expenses of $28K, and assets of $6.4M (revenue -58.5% year-over-year).
- 2013: Revenue of $1.5M, expenses of $27K, and assets of $6.1M (revenue +628.1% year-over-year).
- 2012: Revenue of $203K, expenses of $29K, and assets of $5.8M (revenue +41.8% year-over-year).
- 2011: Revenue of $143K, expenses of $29K, and assets of $5.6M.
Data Sources and Methodology
This transparency report for Dewittsburg 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.