Euclid Hall Housing Development Fund Company Inc
Euclid Hall Housing Development Fund Company Inc. consistently operates with stable assets but frequently incurs expenses exceeding revenue.
EIN: 133527248 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $4.2M |
| Program Spending | 90% |
| Net Assets | $5.7M |
| Transparency Score | 75/100 |
Is Euclid Hall Housing Development Fund Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Euclid Hall Housing Development Fund Company Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Euclid Hall Housing Development Fund Company Inc
Euclid Hall Housing Development Fund Company Inc (EIN: 133527248) is a nonprofit organization based in New York, NY. The organization reported total revenue of $3.6M and total assets of $29.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Euclid Hall Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Euclid Hall Housing Development Fund Company Inc is a mid-size nonprofit that has been operating for 32 years, with 11 years of IRS 990 filings on record (2013–2023). 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 | $3.8M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-380,467 |
| Total Assets | $30.1M |
| Total Liabilities | $24.4M |
| Net Assets | $5.7M |
| Operating Margin | -9.9% |
| Debt-to-Asset Ratio | 81.0% |
| Months of Reserves | 85.7 months |
Financial Health Grade: C
In 2023, Euclid Hall Housing Development Fund Company Inc reported a deficit of $380K with expenses exceeding revenue, holds 85.7 months of operating reserves (strong position), has a debt-to-asset ratio of 81.0% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Euclid Hall Housing Development Fund Company Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | +1.3% | -0.8% |
| 2022 | -1.3% | -4.0% | -2.4% |
| 2021 | +13.6% | +29.9% | +2.3% |
| 2020 | +0.5% | +1.4% | +0.1% |
| 2019 | +4.4% | +6.9% | +1.2% |
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 Euclid Hall Housing Development Fund Company Inc with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Euclid Hall Housing Development Fund Company Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $380K, with expenses exceeding revenue.
- Debt-to-asset ratio: 81.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that top officers either serve without direct compensation from this entity or are compensated by an affiliated organization, which is a strong 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 Euclid Hall Housing Development Fund Company Inc's IRS 990 filings:
- Consistent operating deficits where expenses exceed revenue, as seen in 202306 ($4,216,321 expenses vs. $3,835,854 revenue) and 202206 ($4,160,417 expenses vs. $3,712,175 revenue).
- Significant liabilities (e.g., $24,368,775 in 202306) relative to assets, which could indicate high leverage.
Strengths
The following positive indicators were identified for Euclid Hall Housing Development Fund Company Inc:
- Consistent reporting of 0% officer compensation across all available filings, indicating efficient use of funds at the executive level.
- Stable asset base, consistently around $30 million, suggesting a well-established and maintained physical infrastructure.
- Long history of IRS 990 filings (11 filings), demonstrating consistent transparency and compliance.
Frequently Asked Questions about Euclid Hall Housing Development Fund Company Inc
Is Euclid Hall Housing Development Fund Company Inc a legitimate charity?
Euclid Hall Housing Development Fund Company Inc (EIN: 133527248) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $3.6M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Euclid Hall Housing Development Fund Company Inc spend its money?
Euclid Hall Housing Development Fund Company Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Euclid Hall Housing Development Fund Company Inc tax-deductible?
Euclid Hall Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 133527248). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Euclid Hall Housing Development Fund Company Inc located?
Euclid Hall Housing Development Fund Company Inc is headquartered in New York, New York and files with the IRS under EIN 133527248.
How many years of IRS 990 filings does Euclid Hall Housing Development Fund Company Inc have?
Euclid Hall Housing Development Fund Company Inc has 11 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 $3.6M in total revenue.
Is Euclid Hall Housing Development Fund Company Inc. financially sustainable given its recurring operating deficits?
The organization has frequently reported expenses exceeding revenue, such as a $380,467 deficit in 202306 and a $448,242 deficit in 202206. While assets remain stable, this trend warrants closer examination to understand how these deficits are covered and if they are sustainable long-term.
What is the source of funding for Euclid Hall Housing Development Fund Company Inc. given its revenue figures?
The filings show consistent revenue streams, but without detailed breakdowns, it's unclear if this revenue comes from rental income, grants, or other sources. Understanding the revenue mix is crucial for assessing financial stability.
How does Euclid Hall Housing Development Fund Company Inc. manage its significant liabilities?
The organization consistently carries liabilities between $22 million and $24 million. While this is common for housing development funds, understanding the terms and repayment schedules of these liabilities is important for assessing financial risk.
Filing History
IRS 990 filing history for Euclid Hall Housing Development Fund Company Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Euclid Hall Housing Development Fund Company Inc's revenue has declined by 56.7%, moving from $8.9M to $3.8M. Total assets increased by 0.6% over the same period, from $29.9M to $30.1M. Total functional expenses rose by 79.3%, from $2.4M to $4.2M. In its most recent filing year (2023), Euclid Hall Housing Development Fund Company Inc reported a deficit of $380K, with expenses exceeding revenue. The organization holds $24.4M in liabilities against $30.1M in assets (debt-to-asset ratio: 81.0%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $4.2M | $30.1M | $24.4M | — | — |
| 2022 | $3.7M | $4.2M | $30.3M | $24.2M | — | View 990 |
| 2021 | $3.8M | $4.3M | $31.1M | $24.5M | — | — |
| 2020 | $3.3M | $3.3M | $30.4M | $23.3M | — | View 990 |
| 2019 | $3.3M | $3.3M | $30.4M | $23.2M | — | View 990 |
| 2018 | $3.2M | $3.1M | $30.0M | $22.8M | — | View 990 |
| 2017 | $2.8M | $3.0M | $30.0M | $22.8M | — | View 990 |
| 2016 | $2.7M | $2.8M | $30.1M | $22.7M | — | View 990 |
| 2015 | $2.7M | $2.8M | $30.1M | $22.6M | — | View 990 |
| 2014 | $3.6M | $2.6M | $30.1M | $22.5M | — | View 990 |
| 2013 | $8.9M | $2.4M | $29.9M | $23.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $4.2M, and assets of $30.1M (revenue +3.3% year-over-year).
- 2022: Revenue of $3.7M, expenses of $4.2M, and assets of $30.3M (revenue -1.3% year-over-year).
- 2021: Revenue of $3.8M, expenses of $4.3M, and assets of $31.1M (revenue +13.6% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.3M, and assets of $30.4M (revenue +0.5% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.3M, and assets of $30.4M (revenue +4.4% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.1M, and assets of $30.0M (revenue +11.5% year-over-year).
- 2017: Revenue of $2.8M, expenses of $3.0M, and assets of $30.0M (revenue +5.7% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.8M, and assets of $30.1M (revenue +0.0% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.8M, and assets of $30.1M (revenue -26.7% year-over-year).
- 2014: Revenue of $3.6M, expenses of $2.6M, and assets of $30.1M (revenue -58.8% year-over-year).
- 2013: Revenue of $8.9M, expenses of $2.4M, and assets of $29.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Euclid Hall Housing Development Fund Company Inc:
Data Sources and Methodology
This transparency report for Euclid Hall Housing Development Fund Company 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.