Hebrew Home Housing Development Fund Co Inc
Hebrew Home Housing Development Fund Co Inc faces persistent operational deficits and growing liabilities.
EIN: 132956755 · Bronx, NY · NTEE: L21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $7.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $-5,866,113 |
| Transparency Score | 45/100 |
Is Hebrew Home Housing Development Fund Co Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hebrew Home Housing Development Fund Co Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hebrew Home Housing Development Fund Co Inc
Hebrew Home Housing Development Fund Co Inc (EIN: 132956755) is a nonprofit organization based in Bronx, NY, classified under NTEE code L21Z. The organization reported total revenue of $5.8M and total assets of $7.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hebrew Home Housing Development Fund Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hebrew Home Housing Development Fund Co Inc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $7.8M |
| Surplus / Deficit | $-1,823,290 |
| Total Assets | $9.4M |
| Total Liabilities | $15.3M |
| Net Assets | $-5,866,113 |
| Operating Margin | -30.5% |
| Debt-to-Asset Ratio | 162.2% |
| Months of Reserves | 14.5 months |
Financial Health Grade: C
In 2023, Hebrew Home Housing Development Fund Co Inc reported a deficit of $1.8M with expenses exceeding revenue, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 162.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hebrew Home Housing Development Fund Co Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.4% | +4.7% | -13.4% |
| 2022 | -1.1% | +3.6% | -16.4% |
| 2021 | -13.4% | -8.2% | -2.5% |
| 2020 | -14.3% | -3.0% | -8.5% |
| 2019 | +4.1% | +0.9% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Hebrew Home Housing Development Fund Co Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hebrew Home Housing Development Fund Co Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 162.2%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 filings, which is unusual for an organization with annual revenues exceeding $5 million. This could indicate that executive compensation is covered by a related entity or that leadership is entirely volunteer-based, requiring further clarification for complete financial transparency.
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 Hebrew Home Housing Development Fund Co Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $7,802,090 expenses vs. $5,978,800 revenue in 2023.
- Liabilities significantly exceed assets, indicating potential insolvency (e.g., $15,294,811 liabilities vs. $9,428,698 assets in 2023).
- Declining revenue trend over the past several years, from $8,436,565 in 2019 to $5,978,800 in 2023.
- Lack of reported officer compensation despite significant revenue, which could indicate a lack of transparency or complex financial arrangements.
Strengths
The following positive indicators were identified for Hebrew Home Housing Development Fund Co Inc:
- Consistent filing of IRS Form 990s, indicating adherence to reporting requirements.
- Long operating history with 13 filings, suggesting established presence in the community.
Frequently Asked Questions about Hebrew Home Housing Development Fund Co Inc
Is Hebrew Home Housing Development Fund Co Inc a legitimate charity?
Hebrew Home Housing Development Fund Co Inc (EIN: 132956755) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.8M. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Hebrew Home Housing Development Fund Co Inc spend its money?
Hebrew Home Housing Development Fund Co Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hebrew Home Housing Development Fund Co Inc tax-deductible?
Hebrew Home Housing Development Fund Co Inc is registered as a tax-exempt nonprofit (EIN: 132956755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hebrew Home Housing Development Fund Co Inc CEO make?
Hebrew Home Housing Development Fund Co Inc's highest-compensated officer earns $5 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hebrew Home Housing Development Fund Co Inc's spending goes to programs?
Hebrew Home Housing Development Fund Co Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hebrew Home Housing Development Fund Co Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Hebrew Home Housing Development Fund Co Inc is near average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hebrew Home Housing Development Fund Co Inc located?
Hebrew Home Housing Development Fund Co Inc is headquartered in Bronx, New York and files with the IRS under EIN 132956755. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Hebrew Home Housing Development Fund Co Inc have?
Hebrew Home Housing Development Fund Co 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 $5.8M in total revenue.
Is Hebrew Home Housing Development Fund Co Inc financially stable?
Based on the provided data, the organization is not financially stable, consistently reporting expenses exceeding revenue and having liabilities significantly higher than assets. For example, in 2023, expenses were $7,802,090 against revenue of $5,978,800, and liabilities were $15,294,811 compared to assets of $9,428,698.
Why is there no officer compensation reported?
The filings consistently show 0% officer compensation. This could mean that officers are volunteers, compensated by a related organization, or that compensation is reported under a different category not detailed in this summary. Further investigation into the full 990 forms would be needed to clarify this.
What is causing the consistent decline in revenue?
Revenue has steadily declined from $8,436,565 in 2019 to $5,978,800 in 2023. The specific reasons for this decline are not detailed in the provided data but warrant further inquiry into funding sources and operational changes.
How does the organization plan to address its increasing liabilities?
Liabilities have increased from $15,789,395 in 2020 to $15,294,811 in 2023 (with a peak in 2017 at $17,739,028). The organization's strategy for managing and reducing these significant liabilities, especially in the face of operational deficits, is not evident from the summary data.
Filing History
IRS 990 filing history for Hebrew Home Housing Development Fund Co Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hebrew Home Housing Development Fund Co Inc's revenue has declined by 14.7%, moving from $7.0M to $6.0M. Total assets decreased by 30.2% over the same period, from $13.5M to $9.4M. Total functional expenses rose by 11.3%, from $7.0M to $7.8M. In its most recent filing year (2023), Hebrew Home Housing Development Fund Co Inc reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $15.3M in liabilities against $9.4M in assets (debt-to-asset ratio: 162.2%), resulting in net assets of $-5,866,113.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $7.8M | $9.4M | $15.3M | — | — |
| 2022 | $6.2M | $7.5M | $10.9M | $15.1M | — | View 990 |
| 2021 | $6.3M | $7.2M | $13.0M | $15.9M | — | View 990 |
| 2020 | $7.2M | $7.8M | $13.4M | $15.8M | — | — |
| 2019 | $8.4M | $8.1M | $14.6M | $16.5M | — | View 990 |
| 2018 | $8.1M | $8.0M | $14.6M | $17.2M | — | View 990 |
| 2017 | $8.0M | $7.6M | $15.1M | $17.7M | — | View 990 |
| 2016 | $7.9M | $7.5M | $15.3M | $18.3M | — | View 990 |
| 2015 | $7.7M | $7.0M | $15.9M | $19.3M | — | View 990 |
| 2014 | $7.4M | $6.8M | $15.1M | $19.3M | — | View 990 |
| 2013 | $8.1M | $6.8M | $14.8M | $19.6M | — | View 990 |
| 2012 | $7.2M | $7.0M | $13.0M | $19.3M | — | View 990 |
| 2011 | $7.0M | $7.0M | $13.5M | $20.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $7.8M, and assets of $9.4M (revenue -3.4% year-over-year).
- 2022: Revenue of $6.2M, expenses of $7.5M, and assets of $10.9M (revenue -1.1% year-over-year).
- 2021: Revenue of $6.3M, expenses of $7.2M, and assets of $13.0M (revenue -13.4% year-over-year).
- 2020: Revenue of $7.2M, expenses of $7.8M, and assets of $13.4M (revenue -14.3% year-over-year).
- 2019: Revenue of $8.4M, expenses of $8.1M, and assets of $14.6M (revenue +4.1% year-over-year).
- 2018: Revenue of $8.1M, expenses of $8.0M, and assets of $14.6M (revenue +1.3% year-over-year).
- 2017: Revenue of $8.0M, expenses of $7.6M, and assets of $15.1M (revenue +1.7% year-over-year).
- 2016: Revenue of $7.9M, expenses of $7.5M, and assets of $15.3M (revenue +1.8% year-over-year).
- 2015: Revenue of $7.7M, expenses of $7.0M, and assets of $15.9M (revenue +4.1% year-over-year).
- 2014: Revenue of $7.4M, expenses of $6.8M, and assets of $15.1M (revenue -8.2% year-over-year).
- 2013: Revenue of $8.1M, expenses of $6.8M, and assets of $14.8M (revenue +11.9% year-over-year).
- 2012: Revenue of $7.2M, expenses of $7.0M, and assets of $13.0M (revenue +3.2% year-over-year).
- 2011: Revenue of $7.0M, expenses of $7.0M, and assets of $13.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hebrew Home Housing Development Fund Co Inc:
Data Sources and Methodology
This transparency report for Hebrew Home Housing Development Fund Co 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.