F I T Student Housing Corporation
F I T Student Housing Corporation maintains stable operations with significant assets and no reported officer compensation on 990s.
EIN: 133263493 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $44.9M |
| Total Expenses | $35.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $40 |
| Net Assets | $34.9M |
| Transparency Score | 85/100 |
Is F I T Student Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
F I T Student Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About F I T Student Housing Corporation
F I T Student Housing Corporation (EIN: 133263493) is a nonprofit organization based in New York, NY. The organization reported total revenue of $44.9M and total assets of $174.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of F I T Student Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
F I T Student Housing Corporation is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41.2M |
| Total Expenses | $35.3M |
| Surplus / Deficit | +$5.9M |
| Total Assets | $171.2M |
| Total Liabilities | $136.3M |
| Net Assets | $34.9M |
| Operating Margin | 14.3% |
| Debt-to-Asset Ratio | 79.6% |
| Months of Reserves | 58.3 months |
Financial Health Grade: A
In 2023, F I T Student Housing Corporation reported a surplus of $5.9M with revenue exceeding expenses, holds 58.3 months of operating reserves (strong position), has a debt-to-asset ratio of 79.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), F I T Student Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.5% | +5.8% | -0.7% |
| 2022 | +211.6% | +37.8% | -1.2% |
| 2021 | -62.1% | -26.7% | +8.4% |
| 2020 | -17.8% | -1.0% | -7.2% |
| 2019 | +0.6% | +4.7% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
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 F I T Student Housing 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, F I T Student Housing Corporation 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 surplus of $5.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 79.6%.
Executive Compensation Analysis
No officer compensation is reported on the IRS 990 filings for F I T Student Housing Corporation across all available periods, which is unusual for an organization with annual revenues exceeding $40 million and assets over $170 million. This suggests that executive leadership may be compensated by an affiliated entity or through other arrangements not directly disclosed as officer compensation on these forms.
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 F I T Student Housing Corporation's IRS 990 filings:
- No officer compensation reported on 990s despite large organizational size, potentially obscuring full compensation picture.
Strengths
The following positive indicators were identified for F I T Student Housing Corporation:
- Consistent operational stability with revenues generally exceeding expenses.
- Substantial asset base of over $170 million, indicating significant infrastructure.
- Strong rebound in revenue post-pandemic, demonstrating resilience.
- High program spending ratio (estimated 90%) suggests strong mission focus.
Frequently Asked Questions about F I T Student Housing Corporation
Is F I T Student Housing Corporation a legitimate charity?
F I T Student Housing Corporation (EIN: 133263493) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $44.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does F I T Student Housing Corporation spend its money?
F I T Student Housing Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to F I T Student Housing Corporation tax-deductible?
F I T Student Housing Corporation is registered as a tax-exempt nonprofit (EIN: 133263493). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the F I T Student Housing Corporation CEO make?
F I T Student Housing Corporation's highest-compensated officer earns $40 annually. The organization reported $44.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is F I T Student Housing Corporation located?
F I T Student Housing Corporation is headquartered in New York, New York and files with the IRS under EIN 133263493.
How many years of IRS 990 filings does F I T Student Housing Corporation have?
F I T Student Housing 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 $44.9M in total revenue.
Is F I T Student Housing Corporation a good charity?
Based on the available data, the organization appears financially stable and focused on its mission of providing student housing, as indicated by the high program spending ratio. The lack of reported officer compensation on the 990s is a unique characteristic that could be viewed positively for efficiency, but also warrants further investigation into overall compensation structures.
How does F I T Student Housing Corporation manage its liabilities?
The organization consistently carries substantial liabilities, such as $136,337,817 in 2023, relative to its assets. This suggests a significant reliance on debt, likely for property acquisition and maintenance related to student housing. While common for real estate-heavy organizations, it's a key financial aspect to monitor.
What is the trend in F I T Student Housing Corporation's revenue?
Revenue has fluctuated over the years, with a notable dip in 2021 to $10,866,143, likely due to pandemic impacts, but has since rebounded strongly to $41,152,480 in 2023, indicating recovery and growth.
Filing History
IRS 990 filing history for F I T Student Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), F I T Student Housing Corporation's revenue has grown by 75.5%, moving from $23.4M to $41.2M. Total assets increased by 4.8% over the same period, from $163.4M to $171.2M. Total functional expenses rose by 55.9%, from $22.6M to $35.3M. In its most recent filing year (2023), F I T Student Housing Corporation reported a surplus of $5.9M, with revenue exceeding expenses. The organization holds $136.3M in liabilities against $171.2M in assets (debt-to-asset ratio: 79.6%), resulting in net assets of $34.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41.2M | $35.3M | $171.2M | $136.3M | — | — |
| 2022 | $33.9M | $33.3M | $172.4M | $143.5M | — | View 990 |
| 2021 | $10.9M | $24.2M | $174.4M | $146.0M | — | View 990 |
| 2020 | $28.7M | $33.0M | $160.9M | $119.2M | — | View 990 |
| 2019 | $34.9M | $33.4M | $173.4M | $127.4M | — | View 990 |
| 2018 | $34.7M | $31.9M | $175.9M | $131.4M | — | View 990 |
| 2017 | $34.8M | $32.4M | $179.4M | $138.0M | — | View 990 |
| 2016 | $35.1M | $29.3M | $180.8M | $141.8M | — | View 990 |
| 2015 | $35.2M | $29.5M | $180.2M | $147.0M | — | View 990 |
| 2014 | $31.3M | $25.1M | $178.7M | $151.3M | — | View 990 |
| 2013 | $27.0M | $22.7M | $163.4M | $145.3M | — | View 990 |
| 2012 | $26.3M | $24.5M | $164.2M | $150.3M | — | View 990 |
| 2011 | $23.4M | $22.6M | $163.4M | $151.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41.2M, expenses of $35.3M, and assets of $171.2M (revenue +21.5% year-over-year).
- 2022: Revenue of $33.9M, expenses of $33.3M, and assets of $172.4M (revenue +211.6% year-over-year).
- 2021: Revenue of $10.9M, expenses of $24.2M, and assets of $174.4M (revenue -62.1% year-over-year).
- 2020: Revenue of $28.7M, expenses of $33.0M, and assets of $160.9M (revenue -17.8% year-over-year).
- 2019: Revenue of $34.9M, expenses of $33.4M, and assets of $173.4M (revenue +0.6% year-over-year).
- 2018: Revenue of $34.7M, expenses of $31.9M, and assets of $175.9M (revenue -0.2% year-over-year).
- 2017: Revenue of $34.8M, expenses of $32.4M, and assets of $179.4M (revenue -1.1% year-over-year).
- 2016: Revenue of $35.1M, expenses of $29.3M, and assets of $180.8M (revenue -0.1% year-over-year).
- 2015: Revenue of $35.2M, expenses of $29.5M, and assets of $180.2M (revenue +12.5% year-over-year).
- 2014: Revenue of $31.3M, expenses of $25.1M, and assets of $178.7M (revenue +15.6% year-over-year).
- 2013: Revenue of $27.0M, expenses of $22.7M, and assets of $163.4M (revenue +3.0% year-over-year).
- 2012: Revenue of $26.3M, expenses of $24.5M, and assets of $164.2M (revenue +12.0% year-over-year).
- 2011: Revenue of $23.4M, expenses of $22.6M, and assets of $163.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for F I T Student Housing Corporation:
Data Sources and Methodology
This transparency report for F I T Student Housing 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.