Greater Centennial Homes Housing Development Fund Company Inc
Greater Centennial Homes consistently covers expenses with revenue, reporting no officer compensation.
EIN: 132768939 · New York, NY · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $2.5M |
| Program Spending | 85% |
| Net Assets | $-121,156 |
| Transparency Score | 80/100 |
Is Greater Centennial Homes 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 →
Greater Centennial Homes Housing Development Fund Company Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Centennial Homes Housing Development Fund Company Inc
Greater Centennial Homes Housing Development Fund Company Inc (EIN: 132768939) is a nonprofit organization based in New York, NY, classified under NTEE code L20Z. The organization reported total revenue of $3.7M and total assets of $12.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Centennial Homes Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Centennial Homes Housing Development Fund Company Inc is a mid-size nonprofit that has been operating for 52 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $12.3M |
| Total Liabilities | $12.4M |
| Net Assets | $-121,156 |
| Operating Margin | 32.2% |
| Debt-to-Asset Ratio | 101.0% |
| Months of Reserves | 58.8 months |
Financial Health Grade: A
In 2021, Greater Centennial Homes Housing Development Fund Company Inc reported a surplus of $1.2M with revenue exceeding expenses, holds 58.8 months of operating reserves (strong position), has a debt-to-asset ratio of 101.0% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Greater Centennial Homes Housing Development Fund Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +26.3% | -14.0% | +5.5% |
| 2020 | +2.3% | -0.3% | -1.9% |
| 2019 | +1.4% | -0.4% | -1.4% |
| 2018 | +0.7% | -10.5% | -2.4% |
| 2017 | +1.7% | +23.5% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
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 Greater Centennial Homes Housing Development Fund Company Inc 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, Greater Centennial Homes Housing Development Fund Company Inc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 101.0%.
Executive Compensation Analysis
No officer compensation has been reported across all 11 available filings, indicating either a volunteer-led executive team or that executive salaries are not separately disclosed as officer compensation, which enhances transparency regarding direct leadership costs.
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 Greater Centennial Homes Housing Development Fund Company Inc's IRS 990 filings:
- Liabilities consistently exceed assets, indicating a potentially high debt burden or reliance on external financing (e.g., $12,418,512 liabilities vs. $12,297,356 assets in 202106).
Strengths
The following positive indicators were identified for Greater Centennial Homes Housing Development Fund Company Inc:
- Consistent revenue generation, with recent years showing revenue exceeding expenses (e.g., $3,701,165 revenue vs. $2,509,594 expenses in 202106).
- No reported officer compensation across all filings, suggesting efficient use of funds at the leadership level.
- Stable asset base over the past decade, indicating consistent operational capacity.
- Regular filing of IRS Form 990s, demonstrating compliance and basic financial transparency.
Frequently Asked Questions about Greater Centennial Homes Housing Development Fund Company Inc
Is Greater Centennial Homes Housing Development Fund Company Inc a legitimate charity?
Greater Centennial Homes Housing Development Fund Company Inc (EIN: 132768939) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 11 years of IRS 990 filings on record. Total revenue: $3.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Greater Centennial Homes Housing Development Fund Company Inc spend its money?
Greater Centennial Homes Housing Development Fund Company Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Greater Centennial Homes Housing Development Fund Company Inc tax-deductible?
Greater Centennial Homes Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 132768939). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Centennial Homes Housing Development Fund Company Inc's spending goes to programs?
Greater Centennial Homes Housing Development Fund Company Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greater Centennial Homes Housing Development Fund Company Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Greater Centennial Homes Housing Development Fund Company Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Centennial Homes Housing Development Fund Company Inc located?
Greater Centennial Homes Housing Development Fund Company Inc is headquartered in New York, New York and files with the IRS under EIN 132768939. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Greater Centennial Homes Housing Development Fund Company Inc have?
Greater Centennial Homes 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 $3.7M in total revenue.
Is Greater Centennial Homes Housing Development Fund Company Inc a good charity?
Based on the available data, the organization demonstrates financial stability with consistent revenue generation exceeding expenses in recent years. The absence of reported officer compensation is a positive sign for resource allocation. However, a detailed functional expense breakdown would provide a clearer picture of program efficiency.
How does Greater Centennial Homes manage its liabilities?
The organization consistently carries liabilities that are slightly higher than its assets (e.g., $12,418,512 liabilities vs. $12,297,356 assets in 202106). This indicates a reliance on debt or other obligations, which is common for housing development funds, but warrants monitoring.
What is the trend in the organization's financial health?
After periods of expenses exceeding revenue (e.g., 201706), the organization has shown improved financial health in recent years, with revenue consistently surpassing expenses, as seen in 202106 ($3,701,165 revenue vs. $2,509,594 expenses).
Filing History
IRS 990 filing history for Greater Centennial Homes Housing Development Fund Company Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Greater Centennial Homes Housing Development Fund Company Inc's revenue has grown by 79.7%, moving from $2.1M to $3.7M. Total assets decreased by 12.3% over the same period, from $14.0M to $12.3M. Total functional expenses rose by 6.4%, from $2.4M to $2.5M. In its most recent filing year (2021), Greater Centennial Homes Housing Development Fund Company Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $12.4M in liabilities against $12.3M in assets (debt-to-asset ratio: 101.0%), resulting in net assets of $-121,156.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $3.7M | $2.5M | $12.3M | $12.4M | — | — |
| 2020 | $2.9M | $2.9M | $11.7M | $13.0M | — | — |
| 2019 | $2.9M | $2.9M | $11.9M | $13.2M | — | View 990 |
| 2018 | $2.8M | $2.9M | $12.0M | $13.3M | — | View 990 |
| 2017 | $2.8M | $3.3M | $12.3M | $13.5M | — | View 990 |
| 2016 | $2.8M | $2.7M | $13.1M | $13.8M | — | View 990 |
| 2015 | $2.5M | $2.5M | $13.1M | $13.8M | — | View 990 |
| 2014 | $2.5M | $2.6M | $13.4M | $14.1M | — | View 990 |
| 2013 | $3.8M | $3.8M | $13.6M | $14.2M | — | View 990 |
| 2012 | $2.2M | $2.7M | $13.6M | $14.2M | — | View 990 |
| 2011 | $2.1M | $2.4M | $14.0M | $14.1M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $3.7M, expenses of $2.5M, and assets of $12.3M (revenue +26.3% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.9M, and assets of $11.7M (revenue +2.3% year-over-year).
- 2019: Revenue of $2.9M, expenses of $2.9M, and assets of $11.9M (revenue +1.4% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.9M, and assets of $12.0M (revenue +0.7% year-over-year).
- 2017: Revenue of $2.8M, expenses of $3.3M, and assets of $12.3M (revenue +1.7% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.7M, and assets of $13.1M (revenue +11.5% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.5M, and assets of $13.1M (revenue +0.3% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.6M, and assets of $13.4M (revenue -34.3% year-over-year).
- 2013: Revenue of $3.8M, expenses of $3.8M, and assets of $13.6M (revenue +72.6% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.7M, and assets of $13.6M (revenue +5.5% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.4M, and assets of $14.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Centennial Homes Housing Development Fund Company Inc:
Data Sources and Methodology
This transparency report for Greater Centennial Homes 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.