George Daly Housing Development Fund Company Inc
George Daly Housing Development Fund Company Inc maintains tight operational margins with no reported officer compensation.
EIN: 133535818 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.7M |
| Program Spending | 90% |
| Net Assets | $8K |
| Transparency Score | 85/100 |
Is George Daly 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 →
George Daly Housing Development Fund Company Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George Daly Housing Development Fund Company Inc
George Daly Housing Development Fund Company Inc (EIN: 133535818) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.9M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George Daly Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George Daly Housing Development Fund Company Inc is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-11,720 |
| Total Assets | $915K |
| Total Liabilities | $907K |
| Net Assets | $8K |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 99.1% |
| Months of Reserves | 4.1 months |
Financial Health Grade: C
In 2023, George Daly Housing Development Fund Company Inc reported a deficit of $12K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 99.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), George Daly Housing Development Fund Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.1% | +20.7% | +311.4% |
| 2022 | +3.6% | +3.6% | -25.3% |
| 2021 | +3.1% | +3.0% | -54.0% |
| 2020 | +4.2% | +4.4% | +84.0% |
| 2019 | +1.7% | +2.0% | +70.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 George Daly Housing Development Fund Company Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, George Daly Housing Development Fund Company Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue, suggesting either a volunteer leadership model or that compensation is structured in a way not captured under '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 George Daly Housing Development Fund Company Inc's IRS 990 filings:
- Significant and unexplained fluctuation in assets over time, particularly the sharp decline after 2017.
- Consistent reporting of 0% officer compensation, which is unusual for an organization with multi-million dollar revenues and expenses.
Strengths
The following positive indicators were identified for George Daly Housing Development Fund Company Inc:
- Consistent revenue generation over multiple years, indicating stable operational funding.
- Expenses closely align with revenues, suggesting efficient financial management and a lean operational structure.
- No reported officer compensation, potentially indicating a high dedication of funds directly to the mission or volunteer leadership.
Frequently Asked Questions about George Daly Housing Development Fund Company Inc
Is George Daly Housing Development Fund Company Inc a legitimate charity?
George Daly Housing Development Fund Company Inc (EIN: 133535818) 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: $2.9M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does George Daly Housing Development Fund Company Inc spend its money?
George Daly Housing Development Fund Company Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to George Daly Housing Development Fund Company Inc tax-deductible?
George Daly Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 133535818). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of George Daly Housing Development Fund Company Inc's spending goes to programs?
George Daly Housing Development Fund Company Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is George Daly Housing Development Fund Company Inc located?
George Daly Housing Development Fund Company Inc is headquartered in New York, New York and files with the IRS under EIN 133535818.
How many years of IRS 990 filings does George Daly Housing Development Fund Company Inc have?
George Daly Housing Development Fund Company Inc 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 $2.9M in total revenue.
Why did the organization's assets significantly decrease from over $6 million in 2017 to under $1 million in 2023?
The filings show a sharp decline in assets from $6,221,421 in 2017 to $915,056 in 2023. Understanding the nature of these assets (e.g., property, investments) and the reasons for their reduction is crucial for assessing financial stability.
How does the organization manage executive leadership without reporting any officer compensation?
The consistent 0% officer compensation across all filings is a notable financial fact. It raises questions about how the organization's leadership is compensated, if at all, or if these services are provided pro bono or through a related entity.
What is the specific nature of the 'Housing Development Fund Company' activities?
Given the name, understanding the specific programs and services provided, especially in relation to the asset fluctuations, would clarify the organization's impact and operational model.
Filing History
IRS 990 filing history for George Daly Housing Development Fund Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), George Daly Housing Development Fund Company Inc's revenue has grown by 57.4%, moving from $1.7M to $2.7M. Total assets decreased by 84.9% over the same period, from $6.1M to $915K. Total functional expenses rose by 58.1%, from $1.7M to $2.7M. In its most recent filing year (2023), George Daly Housing Development Fund Company Inc reported a deficit of $12K, with expenses exceeding revenue. The organization holds $907K in liabilities against $915K in assets (debt-to-asset ratio: 99.1%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.7M | $915K | $907K | — | — |
| 2022 | $2.2M | $2.2M | $222K | $202K | — | View 990 |
| 2021 | $2.1M | $2.1M | $298K | $278K | — | — |
| 2020 | $2.1M | $2.1M | $647K | $627K | — | View 990 |
| 2019 | $2.0M | $2.0M | $352K | $329K | — | View 990 |
| 2018 | $1.9M | $1.9M | $206K | $186K | — | View 990 |
| 2017 | $1.9M | $1.9M | $6.2M | $6.2M | — | View 990 |
| 2016 | $1.9M | $1.9M | $6.0M | $6.0M | — | View 990 |
| 2015 | $1.6M | $1.6M | $6.1M | $6.1M | — | View 990 |
| 2014 | $1.7M | $1.7M | $6.0M | $6.0M | — | View 990 |
| 2013 | $1.6M | $1.6M | $5.9M | $5.9M | — | View 990 |
| 2012 | $1.6M | $1.6M | $6.1M | $6.1M | — | View 990 |
| 2011 | $1.7M | $1.7M | $6.1M | $6.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.7M, and assets of $915K (revenue +20.1% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.2M, and assets of $222K (revenue +3.6% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.1M, and assets of $298K (revenue +3.1% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.1M, and assets of $647K (revenue +4.2% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.0M, and assets of $352K (revenue +1.7% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.9M, and assets of $206K (revenue +3.6% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $6.2M (revenue +0.1% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.9M, and assets of $6.0M (revenue +16.1% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $6.1M (revenue -3.7% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $6.0M (revenue +3.1% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $5.9M (revenue +0.6% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $6.1M (revenue -3.7% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George Daly Housing Development Fund Company Inc:
Data Sources and Methodology
This transparency report for George Daly 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.