East Harlem Pilot Block Housing Development Fund Co Inc
East Harlem Pilot Block Housing Development Fund Co Inc shows revenue growth but maintains significant liabilities exceeding assets.
EIN: 132710179 · New York, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $87.6M |
| Total Expenses | $26.2M |
| Program Spending | 80% |
| Net Assets | $-57,623,673 |
| Transparency Score | 65/100 |
Is East Harlem Pilot Block Housing Development Fund Co Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
East Harlem Pilot Block Housing Development Fund Co Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About East Harlem Pilot Block Housing Development Fund Co Inc
East Harlem Pilot Block Housing Development Fund Co Inc (EIN: 132710179) is a nonprofit organization based in New York, NY, classified under NTEE code L200. The organization reported total revenue of $87.6M and total assets of $103.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of East Harlem Pilot Block Housing Development Fund Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
East Harlem Pilot Block Housing Development Fund Co Inc is a major nonprofit that has been operating for 54 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 45.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34.5M |
| Total Expenses | $26.2M |
| Surplus / Deficit | +$8.2M |
| Total Assets | $84.8M |
| Total Liabilities | $142.4M |
| Net Assets | $-57,623,673 |
| Operating Margin | 23.8% |
| Debt-to-Asset Ratio | 168.0% |
| Months of Reserves | 38.7 months |
Financial Health Grade: A
In 2023, East Harlem Pilot Block Housing Development Fund Co Inc reported a surplus of $8.2M with revenue exceeding expenses, holds 38.7 months of operating reserves (strong position), has a debt-to-asset ratio of 168.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), East Harlem Pilot Block Housing Development Fund Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 45.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +12.3% | +11.2% |
| 2022 | +18.7% | +2.1% | +12.9% |
| 2021 | -0.2% | +2.6% | +5.7% |
| 2020 | +3.5% | -13.4% | +9.4% |
| 2019 | +0.3% | -4.9% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
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 East Harlem Pilot Block Housing Development Fund Co Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, East Harlem Pilot Block Housing Development Fund Co Inc 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 surplus of $8.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 168.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that executive compensation is categorized under other operational expenses, which could obscure a complete picture of leadership costs.
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 East Harlem Pilot Block Housing Development Fund Co Inc's IRS 990 filings:
- Consistent liabilities significantly exceeding assets, indicating a negative net asset position (e.g., $142M liabilities vs. $84M assets in 2023).
- Negative revenue reported in multiple earlier filing periods (e.g., 2014-2016), which is an unusual financial reporting pattern.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for East Harlem Pilot Block Housing Development Fund Co Inc:
- Consistent growth in revenue over recent years, from $27,311,775 in 2021 to $34,464,799 in 2023.
- Steady increase in assets, from $67,481,835 in 2021 to $84,762,915 in 2023.
- Reported 0% officer compensation across all filings, suggesting either volunteer leadership or efficient compensation management.
Frequently Asked Questions about East Harlem Pilot Block Housing Development Fund Co Inc
Is East Harlem Pilot Block Housing Development Fund Co Inc a legitimate charity?
East Harlem Pilot Block Housing Development Fund Co Inc (EIN: 132710179) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $87.6M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does East Harlem Pilot Block Housing Development Fund Co Inc spend its money?
East Harlem Pilot Block Housing Development Fund Co Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to East Harlem Pilot Block Housing Development Fund Co Inc tax-deductible?
East Harlem Pilot Block Housing Development Fund Co Inc is registered as a tax-exempt nonprofit (EIN: 132710179). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of East Harlem Pilot Block Housing Development Fund Co Inc's spending goes to programs?
East Harlem Pilot Block Housing Development Fund Co Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does East Harlem Pilot Block Housing Development Fund Co Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), East Harlem Pilot Block Housing Development Fund Co Inc 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 East Harlem Pilot Block Housing Development Fund Co Inc located?
East Harlem Pilot Block Housing Development Fund Co Inc is headquartered in New York, New York and files with the IRS under EIN 132710179. It is classified under NTEE code L200.
How many years of IRS 990 filings does East Harlem Pilot Block Housing Development Fund Co Inc have?
East Harlem Pilot Block Housing Development Fund Co Inc has 12 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 $87.6M in total revenue.
Is East Harlem Pilot Block Housing Development Fund Co Inc financially stable given its high liabilities?
The organization consistently reports liabilities significantly exceeding its assets (e.g., $142,386,588 in liabilities vs. $84,762,915 in assets in 2023). While revenue and assets are growing, this negative net asset position suggests potential long-term solvency concerns that require deeper analysis of the balance sheet.
Why was revenue negative in earlier filing periods (e.g., 2014-2016)?
The filings show negative revenue figures for periods like 2014-2016 (e.g., -$2,662,708 in 2016). This is unusual for a nonprofit and could indicate significant returns, adjustments, or specific accounting practices that warrant further investigation into the detailed financial statements for those years.
What is the breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of how expenses are allocated between programs, administration, and fundraising. This information is crucial for assessing the organization's spending efficiency and programmatic focus.
Filing History
IRS 990 filing history for East Harlem Pilot Block Housing Development Fund Co Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), East Harlem Pilot Block Housing Development Fund Co Inc's revenue has grown by 5895.1%, moving from $575K to $34.5M. Total assets increased by 44.6% over the same period, from $58.6M to $84.8M. Total functional expenses rose by 1265.2%, from $1.9M to $26.2M. In its most recent filing year (2023), East Harlem Pilot Block Housing Development Fund Co Inc reported a surplus of $8.2M, with revenue exceeding expenses. The organization holds $142.4M in liabilities against $84.8M in assets (debt-to-asset ratio: 168.0%), resulting in net assets of $-57,623,673.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34.5M | $26.2M | $84.8M | $142.4M | — | View 990 |
| 2022 | $32.4M | $23.4M | $76.2M | $142.1M | — | View 990 |
| 2021 | $27.3M | $22.9M | $67.5M | $142.5M | — | — |
| 2020 | $27.4M | $22.3M | $63.9M | $143.2M | — | View 990 |
| 2019 | $26.4M | $25.8M | $58.4M | $142.8M | — | View 990 |
| 2018 | $26.4M | $27.1M | $59.1M | $144.2M | — | View 990 |
| 2017 | $25.6M | $25.9M | $58.6M | $143.0M | — | View 990 |
| 2016 | $-2,662,708 | $0 | $57.6M | $141.7M | — | View 990 |
| 2015 | $-1,141,825 | $0 | $59.4M | $140.9M | — | View 990 |
| 2014 | $-640,571 | $0 | $60.0M | $140.3M | — | View 990 |
| 2013 | $883K | $2.2M | $60.4M | $140.1M | — | View 990 |
| 2012 | $575K | $1.9M | $58.6M | $139.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34.5M, expenses of $26.2M, and assets of $84.8M (revenue +6.3% year-over-year).
- 2022: Revenue of $32.4M, expenses of $23.4M, and assets of $76.2M (revenue +18.7% year-over-year).
- 2021: Revenue of $27.3M, expenses of $22.9M, and assets of $67.5M (revenue -0.2% year-over-year).
- 2020: Revenue of $27.4M, expenses of $22.3M, and assets of $63.9M (revenue +3.5% year-over-year).
- 2019: Revenue of $26.4M, expenses of $25.8M, and assets of $58.4M (revenue +0.3% year-over-year).
- 2018: Revenue of $26.4M, expenses of $27.1M, and assets of $59.1M (revenue +3.2% year-over-year).
- 2017: Revenue of $25.6M, expenses of $25.9M, and assets of $58.6M.
- 2016: Revenue of $-2,662,708, expenses of $0, and assets of $57.6M.
- 2015: Revenue of $-1,141,825, expenses of $0, and assets of $59.4M.
- 2014: Revenue of $-640,571, expenses of $0, and assets of $60.0M (revenue -172.5% year-over-year).
- 2013: Revenue of $883K, expenses of $2.2M, and assets of $60.4M (revenue +53.6% year-over-year).
- 2012: Revenue of $575K, expenses of $1.9M, and assets of $58.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for East Harlem Pilot Block Housing Development Fund Co Inc:
Data Sources and Methodology
This transparency report for East Harlem Pilot Block Housing Development Fund Co 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.