Highbridge Community Development Corporation
Highbridge Community Development Corporation maintains financial solvency with consistent surpluses and no reported officer compensation, despite fluctuating revenues and a significant reduction in assets over time.
EIN: 133860487 · Bronx, NY · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $14.2M |
| Transparency Score | 85/100 |
Is Highbridge Community Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Highbridge Community Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Highbridge Community Development Corporation
Highbridge Community Development Corporation (EIN: 133860487) is a nonprofit organization based in Bronx, NY, classified under NTEE code S20. The organization reported total revenue of $3.3M and total assets of $16.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Highbridge Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Highbridge Community Development Corporation is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$644K |
| Total Assets | $15.2M |
| Total Liabilities | $993K |
| Net Assets | $14.2M |
| Operating Margin | 20.6% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 73.3 months |
Financial Health Grade: A
In 2023, Highbridge Community Development Corporation reported a surplus of $644K with revenue exceeding expenses, holds 73.3 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Highbridge Community Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | +8.9% | +8.3% |
| 2022 | -64.1% | -64.9% | +6.2% |
| 2021 | +18.4% | +13.8% | +12.6% |
| 2020 | -2.2% | -5.1% | +25.7% |
| 2019 | +155.8% | +19.7% | -59.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Highbridge Community Development Corporation 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: 85%
- fundraising: 5%
According to IRS 990 filings, Highbridge Community Development 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 surplus of $644K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are drawing salaries from the organization, which is highly unusual for an organization of this size with assets exceeding $15 million.
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 Highbridge Community Development Corporation's IRS 990 filings:
- Significant and unexplained decrease in total assets over several years (from $31M in 2017 to $15M in 2023)
- Large fluctuations in annual revenue, potentially indicating reliance on inconsistent funding sources
- Unusual consistent reporting of 0% officer compensation for an organization of this size, warranting further scrutiny into how leadership is supported or compensated.
Strengths
The following positive indicators were identified for Highbridge Community Development Corporation:
- Consistent financial surpluses in recent years (e.g., $643,881 in 202312, $837,556 in 202212)
- Strong asset-to-liability ratio, indicating robust financial solvency (e.g., $15.1M assets vs. $0.99M liabilities in 202312)
- No reported officer compensation, suggesting a high dedication of funds to mission-related activities
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency
- Positive net assets growth in recent periods (e.g., from $14M in 2022 to $15.1M in 2023)
Frequently Asked Questions about Highbridge Community Development Corporation
Is Highbridge Community Development Corporation a legitimate charity?
Highbridge Community Development Corporation (EIN: 133860487) 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: $3.3M. 3 red flags identified. 5 strengths noted. Financial health grade: A.
How does Highbridge Community Development Corporation spend its money?
Highbridge Community Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Highbridge Community Development Corporation tax-deductible?
Highbridge Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 133860487). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Highbridge Community Development Corporation CEO make?
Highbridge Community Development Corporation's highest-compensated officer earns $15 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Highbridge Community Development Corporation's spending goes to programs?
Highbridge Community Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Highbridge Community Development Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Highbridge Community Development Corporation is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Highbridge Community Development Corporation located?
Highbridge Community Development Corporation is headquartered in Bronx, New York and files with the IRS under EIN 133860487. It is classified under NTEE code S20.
How many years of IRS 990 filings does Highbridge Community Development Corporation have?
Highbridge Community Development 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 $3.3M in total revenue.
Is Highbridge Community Development Corporation a good charity?
Based on the available data, Highbridge Community Development Corporation appears to be a well-managed charity. It consistently operates with a surplus, maintains strong asset-to-liability ratios, and notably reports 0% officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
Why is officer compensation consistently 0%?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this scale. It could indicate that leadership is entirely volunteer-based, compensated through other entities, or that the compensation is reported under different expense categories not specified in the summary data. Further investigation into their full 990 forms would be needed to understand this structure.
What caused the significant decrease in assets from 2017 to 2023?
The organization's assets decreased from a peak of $31,058,019 in 201712 to $15,166,612 in 202312. This significant reduction could be due to various factors such as asset divestment, depreciation, or changes in investment strategies. A detailed review of their balance sheets would be necessary to pinpoint the exact causes.
How does their program spending compare to similar organizations?
While specific program spending percentages are not explicitly detailed in the provided summary, the overall financial health and the absence of officer compensation suggest a high likelihood of efficient program spending. To compare with similar organizations, a deeper dive into their functional expense breakdown would be required.
Are the revenue fluctuations a concern for long-term stability?
Revenue has fluctuated significantly, from $8.6 million in 202112 down to $3.1 million in 202312. While the organization has managed to maintain surpluses in recent years, such volatility could pose challenges for long-term planning and consistent program delivery if not managed effectively. Diversification of funding sources would be a key area to examine.
Filing History
IRS 990 filing history for Highbridge Community Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Highbridge Community Development Corporation's revenue has declined by 62.2%, moving from $8.3M to $3.1M. Total assets decreased by 44.5% over the same period, from $27.4M to $15.2M. Total functional expenses fell by 50.7%, from $5.0M to $2.5M. In its most recent filing year (2023), Highbridge Community Development Corporation reported a surplus of $644K, with revenue exceeding expenses. The organization holds $993K in liabilities against $15.2M in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $14.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $2.5M | $15.2M | $993K | — | — |
| 2022 | $3.1M | $2.3M | $14.0M | $529K | — | View 990 |
| 2021 | $8.7M | $6.5M | $13.2M | $552K | — | View 990 |
| 2020 | $7.3M | $5.7M | $11.7M | $1.3M | — | View 990 |
| 2019 | $7.5M | $6.0M | $9.3M | $468K | — | View 990 |
| 2018 | $2.9M | $5.0M | $23.2M | $3.9M | — | View 990 |
| 2017 | $7.1M | $5.7M | $31.1M | $9.6M | — | View 990 |
| 2016 | $5.4M | $5.5M | $29.2M | $9.0M | — | View 990 |
| 2015 | $5.2M | $5.4M | $29.5M | $9.4M | — | View 990 |
| 2014 | $5.4M | $5.2M | $28.5M | $8.3M | — | View 990 |
| 2013 | $5.4M | $5.1M | $28.2M | $8.1M | — | View 990 |
| 2012 | $4.9M | $4.9M | $27.6M | $7.9M | — | View 990 |
| 2011 | $8.3M | $5.0M | $27.4M | $7.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $2.5M, and assets of $15.2M (revenue +0.3% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.3M, and assets of $14.0M (revenue -64.1% year-over-year).
- 2021: Revenue of $8.7M, expenses of $6.5M, and assets of $13.2M (revenue +18.4% year-over-year).
- 2020: Revenue of $7.3M, expenses of $5.7M, and assets of $11.7M (revenue -2.2% year-over-year).
- 2019: Revenue of $7.5M, expenses of $6.0M, and assets of $9.3M (revenue +155.8% year-over-year).
- 2018: Revenue of $2.9M, expenses of $5.0M, and assets of $23.2M (revenue -58.6% year-over-year).
- 2017: Revenue of $7.1M, expenses of $5.7M, and assets of $31.1M (revenue +32.0% year-over-year).
- 2016: Revenue of $5.4M, expenses of $5.5M, and assets of $29.2M (revenue +2.9% year-over-year).
- 2015: Revenue of $5.2M, expenses of $5.4M, and assets of $29.5M (revenue -2.8% year-over-year).
- 2014: Revenue of $5.4M, expenses of $5.2M, and assets of $28.5M (revenue -1.3% year-over-year).
- 2013: Revenue of $5.4M, expenses of $5.1M, and assets of $28.2M (revenue +10.5% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.9M, and assets of $27.6M (revenue -40.4% year-over-year).
- 2011: Revenue of $8.3M, expenses of $5.0M, and assets of $27.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Highbridge Community Development Corporation:
Data Sources and Methodology
This transparency report for Highbridge Community Development 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.