Grand Concourse East Housing Development Fund Corporation
Grand Concourse East Housing Development Fund Corporation consistently generates around $2 million in revenue annually with no reported officer compensation.
EIN: 133806082 · Bronx, NY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| Net Assets | $701K |
| Transparency Score | 80/100 |
Is Grand Concourse East Housing Development Fund Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grand Concourse East Housing Development Fund Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grand Concourse East Housing Development Fund Corporation
Grand Concourse East Housing Development Fund Corporation (EIN: 133806082) is a nonprofit organization based in Bronx, NY, classified under NTEE code L20. The organization reported total revenue of $2.1M and total assets of $631K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grand Concourse East Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grand Concourse East Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-166,861 |
| Total Assets | $1.9M |
| Total Liabilities | $1.2M |
| Net Assets | $701K |
| Operating Margin | -8.2% |
| Debt-to-Asset Ratio | 63.3% |
| Months of Reserves | 10.4 months |
Financial Health Grade: C
In 2023, Grand Concourse East Housing Development Fund Corporation reported a deficit of $167K with expenses exceeding revenue, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 63.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grand Concourse East Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.0% | -1.7% | +31.3% |
| 2022 | +13.9% | +11.7% | -5.5% |
| 2021 | -3.3% | +12.5% | -35.9% |
| 2020 | +0.9% | -1.8% | -25.0% |
| 2019 | +2.1% | -4.8% | +22.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Grand Concourse East Housing Development Fund Corporation with a Mission Score of 80 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, Grand Concourse East Housing Development Fund Corporation 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 deficit of $167K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that executive services are provided through a separate entity or contract not directly reported as officer compensation on the 990, which warrants further inquiry.
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 Grand Concourse East Housing Development Fund Corporation's IRS 990 filings:
- Expenses exceeded revenue in the latest 2023 filing ($2,197,680 vs. $2,030,819).
- Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided data.
- Unclear how executive functions are compensated given 0% officer compensation reported.
Strengths
The following positive indicators were identified for Grand Concourse East Housing Development Fund Corporation:
- Consistent annual revenue generation around $2 million over a decade, indicating stable operations.
- No reported officer compensation, potentially indicating high efficiency in leadership costs.
- Assets consistently exceed liabilities in most years, demonstrating a generally healthy balance sheet.
- Long history of consistent IRS 990 filings, indicating good transparency.
Frequently Asked Questions about Grand Concourse East Housing Development Fund Corporation
Is Grand Concourse East Housing Development Fund Corporation a legitimate charity?
Grand Concourse East Housing Development Fund Corporation (EIN: 133806082) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. 3 red flags identified. 4 strengths noted. Financial health grade: C.
How does Grand Concourse East Housing Development Fund Corporation spend its money?
Grand Concourse East Housing Development Fund Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Grand Concourse East Housing Development Fund Corporation tax-deductible?
Grand Concourse East Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133806082). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grand Concourse East Housing Development Fund Corporation's spending goes to programs?
Grand Concourse East Housing Development Fund Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grand Concourse East Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Grand Concourse East Housing Development Fund Corporation is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grand Concourse East Housing Development Fund Corporation located?
Grand Concourse East Housing Development Fund Corporation is headquartered in Bronx, New York and files with the IRS under EIN 133806082. It is classified under NTEE code L20.
How many years of IRS 990 filings does Grand Concourse East Housing Development Fund Corporation have?
Grand Concourse East Housing Development Fund 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 $2.1M in total revenue.
How does Grand Concourse East Housing Development Fund Corporation manage its executive functions without reporting officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be volunteer-based, compensated through a related entity, or provided via a management contract not categorized as direct officer compensation on the 990. Further investigation into their operational structure would clarify this.
What caused the deficit in the 2023 fiscal year, where expenses exceeded revenue?
In 2023, expenses were $2,197,680 while revenue was $2,030,819, resulting in a deficit. While not immediately alarming given prior surpluses, understanding the specific drivers of this increase in expenses or decrease in revenue would provide insight into the organization's financial planning.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses. A more granular view of these categories would allow for a precise assessment of spending efficiency and resource allocation.
Filing History
IRS 990 filing history for Grand Concourse East Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grand Concourse East Housing Development Fund Corporation's revenue has grown by 14.7%, moving from $1.8M to $2.0M. Total assets decreased by 12.4% over the same period, from $2.2M to $1.9M. Total functional expenses rose by 10.9%, from $2.0M to $2.2M. In its most recent filing year (2023), Grand Concourse East Housing Development Fund Corporation reported a deficit of $167K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $1.9M in assets (debt-to-asset ratio: 63.3%), resulting in net assets of $701K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.2M | $1.9M | $1.2M | — | — |
| 2022 | $2.4M | $2.2M | $1.5M | $704K | — | View 990 |
| 2021 | $2.1M | $2.0M | $1.5M | $904K | — | — |
| 2020 | $2.2M | $1.8M | $2.4M | $867K | — | View 990 |
| 2019 | $2.2M | $1.8M | $3.2M | $982K | — | View 990 |
| 2018 | $2.1M | $1.9M | $2.6M | $550K | — | View 990 |
| 2017 | $2.0M | $1.8M | $2.3M | $466K | — | View 990 |
| 2016 | $2.1M | $2.0M | $2.0M | $336K | — | View 990 |
| 2015 | $2.1M | $1.9M | $1.9M | $378K | — | View 990 |
| 2014 | $1.9M | $2.0M | $1.6M | $221K | — | View 990 |
| 2013 | $1.8M | $1.8M | $1.9M | $412K | — | View 990 |
| 2012 | $1.9M | $2.1M | $1.9M | $392K | — | View 990 |
| 2011 | $1.8M | $2.0M | $2.2M | $430K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.2M, and assets of $1.9M (revenue -16.0% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.2M, and assets of $1.5M (revenue +13.9% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.0M, and assets of $1.5M (revenue -3.3% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.8M, and assets of $2.4M (revenue +0.9% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.8M, and assets of $3.2M (revenue +2.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.9M, and assets of $2.6M (revenue +4.2% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.8M, and assets of $2.3M (revenue -4.2% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.0M, and assets of $2.0M (revenue +3.0% year-over-year).
- 2015: Revenue of $2.1M, expenses of $1.9M, and assets of $1.9M (revenue +8.3% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.0M, and assets of $1.6M (revenue +6.4% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $1.9M (revenue -3.7% year-over-year).
- 2012: Revenue of $1.9M, expenses of $2.1M, and assets of $1.9M (revenue +5.4% year-over-year).
- 2011: Revenue of $1.8M, expenses of $2.0M, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grand Concourse East Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Grand Concourse East Housing Development Fund 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.