Highbridge Community Housing Development Fund Corporation
Highbridge Community Housing Development Fund Corporation consistently spends more than it earns, drawing down assets over the past decade.
EIN: 133496091 · Bronx, NY · NTEE: L210 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.3M |
| Total Expenses | $11.4M |
| Program Spending | 90% |
| Net Assets | $-55,735,649 |
| Transparency Score | 70/100 |
Is Highbridge Community Housing Development Fund 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 Housing Development Fund Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Highbridge Community Housing Development Fund Corporation
Highbridge Community Housing Development Fund Corporation (EIN: 133496091) is a nonprofit organization based in Bronx, NY, classified under NTEE code L210. The organization reported total revenue of $10.3M and total assets of $40.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Highbridge Community Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Highbridge Community Housing Development Fund Corporation is a large nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.1M |
| Total Expenses | $11.4M |
| Surplus / Deficit | $-1,338,819 |
| Total Assets | $38.8M |
| Total Liabilities | $94.5M |
| Net Assets | $-55,735,649 |
| Operating Margin | -13.3% |
| Debt-to-Asset Ratio | 243.6% |
| Months of Reserves | 40.7 months |
Financial Health Grade: C
In 2023, Highbridge Community Housing Development Fund Corporation reported a deficit of $1.3M with expenses exceeding revenue, holds 40.7 months of operating reserves (strong position), has a debt-to-asset ratio of 243.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Highbridge Community Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.6% | -2.9% | +3.1% |
| 2022 | -2.3% | -7.9% | +1.2% |
| 2021 | +8.9% | +5.5% | -4.8% |
| 2020 | +1.8% | -4.5% | -5.2% |
| 2019 | +4.8% | +9.2% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Housing Development Fund Corporation with a Mission Score of 70 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Highbridge Community Housing Development Fund Corporation 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 deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 243.6%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings suggests that executive compensation is either non-existent, extremely low, or structured in a way that it is not reported under the 'Officer Comp' line item on the 990, which could indicate a highly efficient use of funds for program delivery.
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 Housing Development Fund Corporation's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) across all reported periods.
- Declining trend in total assets over the past decade, from $51M in 2014 to $38M in 2023.
- High liabilities relative to assets (e.g., $94,544,833 liabilities vs. $38,809,184 assets in 202312).
Strengths
The following positive indicators were identified for Highbridge Community Housing Development Fund Corporation:
- Consistent reporting of 0% officer compensation, suggesting a strong focus on program spending or efficient executive compensation structure.
- Substantial asset base ($38,809,184 in 202312) despite declining trend, providing some financial stability.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Highbridge Community Housing Development Fund Corporation
Is Highbridge Community Housing Development Fund Corporation a legitimate charity?
Highbridge Community Housing Development Fund Corporation (EIN: 133496091) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.3M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Highbridge Community Housing Development Fund Corporation spend its money?
Highbridge Community Housing Development Fund Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Highbridge Community Housing Development Fund Corporation tax-deductible?
Highbridge Community Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133496091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Highbridge Community Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Highbridge Community Housing Development Fund Corporation is above average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Highbridge Community Housing Development Fund Corporation located?
Highbridge Community Housing Development Fund Corporation is headquartered in Bronx, New York and files with the IRS under EIN 133496091. It is classified under NTEE code L210.
How many years of IRS 990 filings does Highbridge Community Housing Development Fund Corporation have?
Highbridge Community Housing Development Fund 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 $10.3M in total revenue.
How does Highbridge Community Housing Development Fund Corporation cover its consistent operating deficits?
The organization consistently reports expenses exceeding revenue (e.g., $11,438,114 expenses vs. $10,099,295 revenue in 202312). This suggests they are either drawing down reserves, utilizing non-operating income, or receiving significant non-cash contributions not reflected in the revenue figures, which would require a deeper dive into their full financial statements.
What is the reason for the declining trend in assets from $51M in 2014 to $38M in 2023?
The organization's total assets have decreased from $51,190,937 in 201412 to $38,809,184 in 202312. This decline, coupled with consistent operating deficits, suggests that assets are being used to cover operational costs or that there have been significant asset dispositions without corresponding reinvestment or growth.
Is the 0% officer compensation accurate, and if so, how are executive roles compensated?
The 0% officer compensation reported across all filings is unusual for an organization of this size ($10M+ revenue, $40M+ assets). It warrants further investigation to understand if executive roles are truly uncompensated, compensated through a related entity, or if the compensation is reported under a different category on the 990.
Filing History
IRS 990 filing history for Highbridge Community Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Highbridge Community Housing Development Fund Corporation's revenue has grown by 28.3%, moving from $7.9M to $10.1M. Total assets decreased by 31.9% over the same period, from $57.0M to $38.8M. Total functional expenses rose by 7.8%, from $10.6M to $11.4M. In its most recent filing year (2023), Highbridge Community Housing Development Fund Corporation reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $94.5M in liabilities against $38.8M in assets (debt-to-asset ratio: 243.6%), resulting in net assets of $-55,735,649.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.1M | $11.4M | $38.8M | $94.5M | — | — |
| 2022 | $9.8M | $11.8M | $37.6M | $92.1M | — | View 990 |
| 2021 | $10.1M | $12.8M | $37.2M | $89.7M | — | View 990 |
| 2020 | $9.3M | $12.1M | $39.1M | $88.9M | — | View 990 |
| 2019 | $9.1M | $12.7M | $41.2M | $88.1M | — | View 990 |
| 2018 | $8.7M | $11.6M | $43.7M | $87.0M | — | View 990 |
| 2017 | $8.6M | $11.2M | $45.4M | $85.7M | — | View 990 |
| 2016 | $8.6M | $11.0M | $47.3M | $85.1M | — | View 990 |
| 2015 | $8.6M | $10.9M | $49.4M | $84.7M | — | View 990 |
| 2014 | $8.4M | $10.6M | $51.2M | $84.2M | — | View 990 |
| 2013 | $8.3M | $10.8M | $52.9M | $83.7M | — | View 990 |
| 2012 | $8.0M | $10.5M | $55.2M | $83.4M | — | View 990 |
| 2011 | $7.9M | $10.6M | $57.0M | $82.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.1M, expenses of $11.4M, and assets of $38.8M (revenue +2.6% year-over-year).
- 2022: Revenue of $9.8M, expenses of $11.8M, and assets of $37.6M (revenue -2.3% year-over-year).
- 2021: Revenue of $10.1M, expenses of $12.8M, and assets of $37.2M (revenue +8.9% year-over-year).
- 2020: Revenue of $9.3M, expenses of $12.1M, and assets of $39.1M (revenue +1.8% year-over-year).
- 2019: Revenue of $9.1M, expenses of $12.7M, and assets of $41.2M (revenue +4.8% year-over-year).
- 2018: Revenue of $8.7M, expenses of $11.6M, and assets of $43.7M (revenue +0.3% year-over-year).
- 2017: Revenue of $8.6M, expenses of $11.2M, and assets of $45.4M (revenue +0.8% year-over-year).
- 2016: Revenue of $8.6M, expenses of $11.0M, and assets of $47.3M (revenue +0.1% year-over-year).
- 2015: Revenue of $8.6M, expenses of $10.9M, and assets of $49.4M (revenue +1.5% year-over-year).
- 2014: Revenue of $8.4M, expenses of $10.6M, and assets of $51.2M (revenue +2.1% year-over-year).
- 2013: Revenue of $8.3M, expenses of $10.8M, and assets of $52.9M (revenue +3.4% year-over-year).
- 2012: Revenue of $8.0M, expenses of $10.5M, and assets of $55.2M (revenue +1.6% year-over-year).
- 2011: Revenue of $7.9M, expenses of $10.6M, and assets of $57.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Highbridge Community Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Highbridge Community Housing Development Fund 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.