Fordham Bedford Housing Corp
Fordham Bedford Housing Corp consistently grows assets and operates with surpluses, reporting no officer compensation.
EIN: 133010578 · Bronx, NY · NTEE: L21B · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.3M |
| Total Expenses | $6.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $74 |
| Net Assets | $66.6M |
| Transparency Score | 90/100 |
Is Fordham Bedford Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fordham Bedford Housing Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fordham Bedford Housing Corp
Fordham Bedford Housing Corp (EIN: 133010578) is a nonprofit organization based in Bronx, NY, classified under NTEE code L21B. The organization reported total revenue of $7.3M and total assets of $74.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fordham Bedford Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fordham Bedford Housing Corp is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.7M |
| Total Expenses | $6.8M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $74.3M |
| Total Liabilities | $7.7M |
| Net Assets | $66.6M |
| Operating Margin | 21.2% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 130.3 months |
Financial Health Grade: A
In 2023, Fordham Bedford Housing Corp reported a surplus of $1.8M with revenue exceeding expenses, holds 130.3 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fordham Bedford Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.7% | -2.5% | +4.4% |
| 2022 | -18.9% | +7.9% | -2.9% |
| 2021 | -0.4% | +4.1% | +6.8% |
| 2020 | +0.3% | +4.4% | +6.9% |
| 2019 | +11.6% | +5.8% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1980 |
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 Fordham Bedford Housing Corp with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Fordham Bedford Housing Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.3%.
Executive Compensation Analysis
Fordham Bedford Housing Corp consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with assets exceeding $74 million. This suggests either a fully volunteer-led executive team or that executive compensation is handled through an affiliated entity not reflected in these specific 990s.
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 Fordham Bedford Housing Corp's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size and asset base could warrant further investigation to understand the full compensation structure, as it is highly unusual.
Strengths
The following positive indicators were identified for Fordham Bedford Housing Corp:
- Consistent asset growth, from $42.4M in 2014 to $74.2M in 2023, demonstrating strong financial management.
- Regular operational surpluses, with revenue consistently exceeding expenses (e.g., $8.6M revenue vs. $6.8M expenses in 2023).
- Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency and compliance.
- Zero reported officer compensation across all filings, potentially maximizing resources for mission-related activities.
Frequently Asked Questions about Fordham Bedford Housing Corp
Is Fordham Bedford Housing Corp a legitimate charity?
Fordham Bedford Housing Corp (EIN: 133010578) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.3M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Fordham Bedford Housing Corp spend its money?
Fordham Bedford Housing Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fordham Bedford Housing Corp tax-deductible?
Fordham Bedford Housing Corp is registered as a tax-exempt nonprofit (EIN: 133010578). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fordham Bedford Housing Corp CEO make?
Fordham Bedford Housing Corp's highest-compensated officer earns $74 annually. The organization reported $7.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fordham Bedford Housing Corp's spending goes to programs?
Fordham Bedford Housing Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fordham Bedford Housing Corp compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Fordham Bedford Housing Corp is above average for NTEE category L21B nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fordham Bedford Housing Corp located?
Fordham Bedford Housing Corp is headquartered in Bronx, New York and files with the IRS under EIN 133010578. It is classified under NTEE code L21B.
How many years of IRS 990 filings does Fordham Bedford Housing Corp have?
Fordham Bedford Housing Corp 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 $7.3M in total revenue.
Is Fordham Bedford Housing Corp a good charity?
Based on the provided data, Fordham Bedford Housing Corp appears to be a financially sound organization with consistent asset growth, operational surpluses, and a strong commitment to transparency through regular 990 filings. The absence of officer compensation is a unique characteristic that could indicate high efficiency in resource allocation.
How has the organization's financial health changed over the last decade?
The organization's financial health has significantly improved over the last decade, with assets growing from $42,479,294 in 2014 to $74,290,867 in 2023, representing a substantial increase of over 75%. This indicates strong financial management and growth.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's leadership may be entirely volunteer-based, or that executive salaries are paid by a related entity, which would mean more resources are directly available for programmatic activities within this specific entity. This practice, if truly no compensation is received by officers, is rare for an organization of this scale.
Filing History
IRS 990 filing history for Fordham Bedford Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fordham Bedford Housing Corp's revenue has grown by 18.3%, moving from $7.3M to $8.7M. Total assets increased by 129.1% over the same period, from $32.4M to $74.3M. Total functional expenses rose by 76%, from $3.9M to $6.8M. In its most recent filing year (2023), Fordham Bedford Housing Corp reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $7.7M in liabilities against $74.3M in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $66.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.7M | $6.8M | $74.3M | $7.7M | — | — |
| 2022 | $7.4M | $7.0M | $71.2M | $7.5M | — | View 990 |
| 2021 | $9.2M | $6.5M | $73.3M | $8.7M | — | View 990 |
| 2020 | $9.2M | $6.2M | $68.6M | $8.6M | — | — |
| 2019 | $9.2M | $6.0M | $64.2M | $7.1M | — | View 990 |
| 2018 | $8.2M | $5.7M | $61.8M | $7.9M | — | View 990 |
| 2017 | $15.2M | $6.9M | $56.6M | $5.3M | — | View 990 |
| 2016 | $9.2M | $7.8M | $48.3M | $5.4M | — | View 990 |
| 2015 | $11.6M | $7.5M | $46.6M | $4.7M | — | View 990 |
| 2014 | $11.0M | $7.0M | $42.5M | $4.6M | — | View 990 |
| 2013 | $8.3M | $6.7M | $38.5M | $4.6M | — | View 990 |
| 2012 | $8.0M | $4.1M | $36.3M | $4.1M | — | View 990 |
| 2011 | $7.3M | $3.9M | $32.4M | $4.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.7M, expenses of $6.8M, and assets of $74.3M (revenue +16.7% year-over-year).
- 2022: Revenue of $7.4M, expenses of $7.0M, and assets of $71.2M (revenue -18.9% year-over-year).
- 2021: Revenue of $9.2M, expenses of $6.5M, and assets of $73.3M (revenue -0.4% year-over-year).
- 2020: Revenue of $9.2M, expenses of $6.2M, and assets of $68.6M (revenue +0.3% year-over-year).
- 2019: Revenue of $9.2M, expenses of $6.0M, and assets of $64.2M (revenue +11.6% year-over-year).
- 2018: Revenue of $8.2M, expenses of $5.7M, and assets of $61.8M (revenue -46.0% year-over-year).
- 2017: Revenue of $15.2M, expenses of $6.9M, and assets of $56.6M (revenue +65.7% year-over-year).
- 2016: Revenue of $9.2M, expenses of $7.8M, and assets of $48.3M (revenue -20.7% year-over-year).
- 2015: Revenue of $11.6M, expenses of $7.5M, and assets of $46.6M (revenue +5.8% year-over-year).
- 2014: Revenue of $11.0M, expenses of $7.0M, and assets of $42.5M (revenue +31.5% year-over-year).
- 2013: Revenue of $8.3M, expenses of $6.7M, and assets of $38.5M (revenue +4.4% year-over-year).
- 2012: Revenue of $8.0M, expenses of $4.1M, and assets of $36.3M (revenue +8.7% year-over-year).
- 2011: Revenue of $7.3M, expenses of $3.9M, and assets of $32.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fordham Bedford Housing Corp:
Data Sources and Methodology
This transparency report for Fordham Bedford Housing Corp 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.