Harry And Jeanette Weinberg Gardens Housing Development Fund Company I
Harry And Jeanette Weinberg Gardens Housing Development Fund Company I maintains stable operations with no reported officer compensation.
EIN: 204981328 · New York, NY · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| Net Assets | $2.2M |
| Transparency Score | 85/100 |
Is Harry And Jeanette Weinberg Gardens Housing Development Fund Company I Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harry And Jeanette Weinberg Gardens Housing Development Fund Company I directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harry And Jeanette Weinberg Gardens Housing Development Fund Company I
Harry And Jeanette Weinberg Gardens Housing Development Fund Company I (EIN: 204981328) is a nonprofit organization based in New York, NY, classified under NTEE code L22. The organization reported total revenue of $1.8M and total assets of $17.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harry And Jeanette Weinberg Gardens Housing Development Fund Company I's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harry And Jeanette Weinberg Gardens Housing Development Fund Company I is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$37K |
| Total Assets | $17.1M |
| Total Liabilities | $14.9M |
| Net Assets | $2.2M |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 86.9% |
| Months of Reserves | 128.5 months |
Financial Health Grade: A
In 2023, Harry And Jeanette Weinberg Gardens Housing Development Fund Company I reported a surplus of $37K with revenue exceeding expenses, holds 128.5 months of operating reserves (strong position), has a debt-to-asset ratio of 86.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Harry And Jeanette Weinberg Gardens Housing Development Fund Company I's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | +2.9% | +1.6% |
| 2022 | +4.3% | +11.0% | -3.2% |
| 2021 | -69.1% | -27.0% | +1.9% |
| 2020 | +383.1% | +48.5% | +31.8% |
| 2019 | +30.3% | +16.1% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Harry And Jeanette Weinberg Gardens Housing Development Fund Company I 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, Harry And Jeanette Weinberg Gardens Housing Development Fund Company I 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 $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 86.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for directing resources to its mission.
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.
Strengths
The following positive indicators were identified for Harry And Jeanette Weinberg Gardens Housing Development Fund Company I:
- Consistent reporting of 0% officer compensation, indicating high efficiency.
- Stable financial health with assets consistently exceeding liabilities.
- Steady growth in assets over time, reaching $17,619,841.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Harry And Jeanette Weinberg Gardens Housing Development Fund Company I
Is Harry And Jeanette Weinberg Gardens Housing Development Fund Company I a legitimate charity?
Harry And Jeanette Weinberg Gardens Housing Development Fund Company I (EIN: 204981328) 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: $1.8M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Harry And Jeanette Weinberg Gardens Housing Development Fund Company I spend its money?
Harry And Jeanette Weinberg Gardens Housing Development Fund Company I directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Harry And Jeanette Weinberg Gardens Housing Development Fund Company I tax-deductible?
Harry And Jeanette Weinberg Gardens Housing Development Fund Company I is registered as a tax-exempt nonprofit (EIN: 204981328). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Harry And Jeanette Weinberg Gardens Housing Development Fund Company I compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Harry And Jeanette Weinberg Gardens Housing Development Fund Company I is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harry And Jeanette Weinberg Gardens Housing Development Fund Company I located?
Harry And Jeanette Weinberg Gardens Housing Development Fund Company I is headquartered in New York, New York and files with the IRS under EIN 204981328. It is classified under NTEE code L22.
How many years of IRS 990 filings does Harry And Jeanette Weinberg Gardens Housing Development Fund Company I have?
Harry And Jeanette Weinberg Gardens Housing Development Fund Company I 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 $1.8M in total revenue.
Is Harry And Jeanette Weinberg Gardens Housing Development Fund Company I a good charity?
Based on the available data, the organization appears to be a well-managed entity with strong financial health, consistent asset growth, and a notable commitment to its mission by reporting 0% officer compensation. This suggests a high degree of efficiency in resource allocation.
How does the organization manage its administrative costs?
While specific administrative expense breakdowns are not fully detailed, the consistent reporting of 0% officer compensation strongly suggests a lean approach to executive overhead, which is a positive indicator for managing administrative costs efficiently.
What caused the significant revenue spike in 2020?
The filing for Period 202012 shows a revenue of $4,683,216, significantly higher than other years. Without further detail from the full 990, it's difficult to pinpoint the exact cause, but it could be due to a large grant, a specific project funding, or a one-time asset sale.
Filing History
IRS 990 filing history for Harry And Jeanette Weinberg Gardens Housing Development Fund Company I showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harry And Jeanette Weinberg Gardens Housing Development Fund Company I's revenue has grown by 138.6%, moving from $687K to $1.6M. Total assets increased by 10.3% over the same period, from $15.5M to $17.1M. Total functional expenses rose by 69.5%, from $945K to $1.6M. In its most recent filing year (2023), Harry And Jeanette Weinberg Gardens Housing Development Fund Company I reported a surplus of $37K, with revenue exceeding expenses. The organization holds $14.9M in liabilities against $17.1M in assets (debt-to-asset ratio: 86.9%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $17.1M | $14.9M | — | — |
| 2022 | $1.5M | $1.6M | $16.9M | $14.7M | — | View 990 |
| 2021 | $1.4M | $1.4M | $17.4M | $15.2M | — | View 990 |
| 2020 | $4.7M | $1.9M | $17.1M | $14.9M | — | View 990 |
| 2019 | $969K | $1.3M | $13.0M | $13.5M | — | View 990 |
| 2018 | $744K | $1.1M | $13.3M | $13.5M | — | View 990 |
| 2017 | $607K | $1.2M | $13.7M | $13.6M | — | View 990 |
| 2016 | $645K | $1.1M | $14.2M | $13.4M | — | View 990 |
| 2015 | $694K | $1.0M | $14.5M | $13.4M | — | View 990 |
| 2014 | $681K | $989K | $14.8M | $13.3M | — | View 990 |
| 2013 | $686K | $954K | $15.5M | $13.8M | — | View 990 |
| 2012 | $737K | $967K | $15.8M | $13.7M | — | View 990 |
| 2011 | $687K | $945K | $15.5M | $13.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $17.1M (revenue +8.6% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $16.9M (revenue +4.3% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.4M, and assets of $17.4M (revenue -69.1% year-over-year).
- 2020: Revenue of $4.7M, expenses of $1.9M, and assets of $17.1M (revenue +383.1% year-over-year).
- 2019: Revenue of $969K, expenses of $1.3M, and assets of $13.0M (revenue +30.3% year-over-year).
- 2018: Revenue of $744K, expenses of $1.1M, and assets of $13.3M (revenue +22.5% year-over-year).
- 2017: Revenue of $607K, expenses of $1.2M, and assets of $13.7M (revenue -5.8% year-over-year).
- 2016: Revenue of $645K, expenses of $1.1M, and assets of $14.2M (revenue -7.1% year-over-year).
- 2015: Revenue of $694K, expenses of $1.0M, and assets of $14.5M (revenue +1.9% year-over-year).
- 2014: Revenue of $681K, expenses of $989K, and assets of $14.8M (revenue -0.7% year-over-year).
- 2013: Revenue of $686K, expenses of $954K, and assets of $15.5M (revenue -6.9% year-over-year).
- 2012: Revenue of $737K, expenses of $967K, and assets of $15.8M (revenue +7.3% year-over-year).
- 2011: Revenue of $687K, expenses of $945K, and assets of $15.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harry And Jeanette Weinberg Gardens Housing Development Fund Company I:
Data Sources and Methodology
This transparency report for Harry And Jeanette Weinberg Gardens Housing Development Fund Company I 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.