Heritage Health And Housing Inc
Heritage Health And Housing Inc. consistently operates with liabilities exceeding assets and frequently spends more than it earns.
EIN: 132661509 · New York, NY · NTEE: P200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.7M |
| Total Expenses | $14.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $-5,652,368 |
| Transparency Score | 60/100 |
Is Heritage Health And Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heritage Health And Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heritage Health And Housing Inc
Heritage Health And Housing Inc (EIN: 132661509) is a nonprofit organization based in New York, NY, classified under NTEE code P200. The organization reported total revenue of $13.7M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Health And Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Health And Housing Inc is a large nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.0M |
| Total Expenses | $14.0M |
| Surplus / Deficit | $-69,251 |
| Total Assets | $7.8M |
| Total Liabilities | $13.4M |
| Net Assets | $-5,652,368 |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 172.7% |
| Months of Reserves | 6.7 months |
Financial Health Grade: C
In 2023, Heritage Health And Housing Inc reported a deficit of $69K with expenses exceeding revenue, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 172.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Heritage Health And Housing Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.1% | -2.2% | +4.0% |
| 2022 | -3.9% | +13.0% | +1.8% |
| 2021 | +49.2% | +21.5% | -10.6% |
| 2020 | -6.5% | -8.9% | -19.5% |
| 2019 | -18.0% | -20.6% | -45.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
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 Heritage Health And Housing Inc with a Mission Score of 60 out of 100 (Good). 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, Heritage Health And Housing 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 $69K, with expenses exceeding revenue.
- Debt-to-asset ratio: 172.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues often exceeding $10 million. This could indicate that executive compensation is either non-existent, paid through a related entity, or categorized differently within the financial statements, warranting further investigation for full 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 Heritage Health And Housing Inc's IRS 990 filings:
- Consistent liabilities exceeding assets, indicating potential financial instability (e.g., 202306: $13.4M liabilities vs. $7.7M assets).
- Frequent periods where expenses exceed revenue (e.g., 202306, 202006, 201906, 201806), suggesting unsustainable spending without external support or reserves.
- Unusual reporting of 0% officer compensation for an organization of this size, raising transparency concerns about executive pay.
- Significant revenue volatility, with a sharp drop from over $24 million in 201706 to around $13 million in 201806, which could impact program stability.
Strengths
The following positive indicators were identified for Heritage Health And Housing Inc:
- Long operational history with 13 filings, indicating sustained presence in the community.
- Maintains a substantial revenue base, generally over $10 million in recent years, demonstrating capacity to attract funding.
- Focus on NTEE code P200 (Housing, Shelter), indicating a clear mission in a critical social service area.
Frequently Asked Questions about Heritage Health And Housing Inc
Is Heritage Health And Housing Inc a legitimate charity?
Heritage Health And Housing Inc (EIN: 132661509) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.7M. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Heritage Health And Housing Inc spend its money?
Heritage Health And Housing Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Heritage Health And Housing Inc tax-deductible?
Heritage Health And Housing Inc is registered as a tax-exempt nonprofit (EIN: 132661509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Heritage Health And Housing Inc CEO make?
Heritage Health And Housing Inc's highest-compensated officer earns $10 annually. The organization reported $13.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Heritage Health And Housing Inc's spending goes to programs?
Heritage Health And Housing Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heritage Health And Housing Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Heritage Health And Housing Inc is above average for NTEE category P200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heritage Health And Housing Inc located?
Heritage Health And Housing Inc is headquartered in New York, New York and files with the IRS under EIN 132661509. It is classified under NTEE code P200.
How many years of IRS 990 filings does Heritage Health And Housing Inc have?
Heritage Health And Housing 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 $13.7M in total revenue.
Why do liabilities consistently exceed assets?
The filings show a recurring pattern where liabilities are significantly higher than assets, for example, $13,430,516 in liabilities versus $7,778,148 in assets in 202306. This suggests a potential reliance on debt or specific funding structures that may not be fully covered by current assets.
How does the organization manage to operate with expenses frequently exceeding revenue?
In several periods, such as 202306 ($14,032,667 expenses vs. $13,963,416 revenue) and 202006 ($10,454,446 expenses vs. $10,043,178 revenue), expenses surpassed revenue. This could indicate drawing from reserves, specific grant funding cycles, or a need to improve cost management.
What is the explanation for 0% officer compensation reported across all filings?
Reporting 0% officer compensation for an organization with revenues in the millions is highly unusual. It raises questions about how leadership is compensated, whether through a related entity, as part of general salaries, or if the organization is entirely volunteer-led at the executive level.
What caused the significant drop in revenue from $24.6 million in 201706 to $13.1 million in 201806?
The organization experienced a substantial decrease in revenue, nearly halving from $24,611,474 in 201706 to $13,087,973 in 201806. Understanding the reason for this sharp decline, such as loss of a major grant or program changes, is crucial for assessing stability.
Filing History
IRS 990 filing history for Heritage Health And Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heritage Health And Housing Inc's revenue has declined by 35.3%, moving from $21.6M to $14.0M. Total assets decreased by 58.5% over the same period, from $18.7M to $7.8M. Total functional expenses fell by 32.8%, from $20.9M to $14.0M. In its most recent filing year (2023), Heritage Health And Housing Inc reported a deficit of $69K, with expenses exceeding revenue. The organization holds $13.4M in liabilities against $7.8M in assets (debt-to-asset ratio: 172.7%), resulting in net assets of $-5,652,368.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.0M | $14.0M | $7.8M | $13.4M | — | View 990 |
| 2022 | $14.4M | $14.4M | $7.5M | $13.1M | — | View 990 |
| 2021 | $15.0M | $12.7M | $7.3M | $10.2M | — | — |
| 2020 | $10.0M | $10.5M | $8.2M | $14.3M | — | View 990 |
| 2019 | $10.7M | $11.5M | $10.2M | $11.2M | — | View 990 |
| 2018 | $13.1M | $14.5M | $18.6M | $19.8M | — | View 990 |
| 2017 | $24.6M | $24.7M | $20.2M | $20.1M | — | View 990 |
| 2016 | $22.7M | $21.7M | $18.2M | $18.0M | — | View 990 |
| 2015 | $21.2M | $21.5M | $19.4M | $20.4M | — | View 990 |
| 2014 | $21.2M | $21.5M | $18.7M | $19.3M | — | View 990 |
| 2013 | $21.0M | $21.6M | $19.3M | $19.5M | — | View 990 |
| 2012 | $22.4M | $22.9M | $18.8M | $18.3M | — | View 990 |
| 2011 | $21.6M | $20.9M | $18.7M | $17.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.0M, expenses of $14.0M, and assets of $7.8M (revenue -3.1% year-over-year).
- 2022: Revenue of $14.4M, expenses of $14.4M, and assets of $7.5M (revenue -3.9% year-over-year).
- 2021: Revenue of $15.0M, expenses of $12.7M, and assets of $7.3M (revenue +49.2% year-over-year).
- 2020: Revenue of $10.0M, expenses of $10.5M, and assets of $8.2M (revenue -6.5% year-over-year).
- 2019: Revenue of $10.7M, expenses of $11.5M, and assets of $10.2M (revenue -18.0% year-over-year).
- 2018: Revenue of $13.1M, expenses of $14.5M, and assets of $18.6M (revenue -46.8% year-over-year).
- 2017: Revenue of $24.6M, expenses of $24.7M, and assets of $20.2M (revenue +8.3% year-over-year).
- 2016: Revenue of $22.7M, expenses of $21.7M, and assets of $18.2M (revenue +7.4% year-over-year).
- 2015: Revenue of $21.2M, expenses of $21.5M, and assets of $19.4M (revenue -0.3% year-over-year).
- 2014: Revenue of $21.2M, expenses of $21.5M, and assets of $18.7M (revenue +1.1% year-over-year).
- 2013: Revenue of $21.0M, expenses of $21.6M, and assets of $19.3M (revenue -6.2% year-over-year).
- 2012: Revenue of $22.4M, expenses of $22.9M, and assets of $18.8M (revenue +3.6% year-over-year).
- 2011: Revenue of $21.6M, expenses of $20.9M, and assets of $18.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Health And Housing Inc:
Data Sources and Methodology
This transparency report for Heritage Health And Housing 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.