Housing And Neighborhood Development Services Inc
Housing And Neighborhood Development Services Inc: Declining Assets and Revenue
EIN: 222712067 · Orange, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.9M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $4.1M |
| Transparency Score | 65/100 |
Is Housing And Neighborhood Development Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing And Neighborhood Development Services Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing And Neighborhood Development Services Inc
Housing And Neighborhood Development Services Inc (EIN: 222712067) is a nonprofit organization based in Orange, NJ. The organization reported total revenue of $2.5M and total assets of $11.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing And Neighborhood Development Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing And Neighborhood Development Services Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$42K |
| Total Assets | $10.8M |
| Total Liabilities | $6.7M |
| Net Assets | $4.1M |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 62.2% |
| Months of Reserves | 67.3 months |
Financial Health Grade: A
In 2023, Housing And Neighborhood Development Services Inc reported a surplus of $42K with revenue exceeding expenses, holds 67.3 months of operating reserves (strong position), has a debt-to-asset ratio of 62.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing And Neighborhood Development Services Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.6% | -13.3% | -1.9% |
| 2022 | +34.8% | +6.0% | -2.3% |
| 2021 | -19.2% | -5.6% | -2.0% |
| 2020 | -3.7% | -1.3% | -6.2% |
| 2019 | +52.4% | -13.3% | -22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Housing And Neighborhood Development Services Inc with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Housing And Neighborhood Development Services Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $42K, with revenue exceeding expenses.
- Debt-to-asset ratio: 62.2%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization of this size and suggests potential underreporting or alternative compensation structures.
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 Housing And Neighborhood Development Services Inc's IRS 990 filings:
- Consistent reporting of 0% compensation for officers and directors raises concerns about transparency and actual executive remuneration.
- Significant and continuous decline in total assets over the past eight years, from $24M to $10.7M.
- Net assets have decreased substantially, indicating a reduction in the organization's financial reserves and capacity.
Strengths
The following positive indicators were identified for Housing And Neighborhood Development Services Inc:
- Despite declining assets, the organization has maintained operations and continued to generate revenue.
- The organization has a long history of operation, suggesting established community presence.
Frequently Asked Questions about Housing And Neighborhood Development Services Inc
Is Housing And Neighborhood Development Services Inc a legitimate charity?
Housing And Neighborhood Development Services Inc (EIN: 222712067) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Housing And Neighborhood Development Services Inc spend its money?
Housing And Neighborhood Development Services Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Housing And Neighborhood Development Services Inc tax-deductible?
Housing And Neighborhood Development Services Inc is registered as a tax-exempt nonprofit (EIN: 222712067). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Housing And Neighborhood Development Services Inc CEO make?
Housing And Neighborhood Development Services Inc's highest-compensated officer earns $0 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Housing And Neighborhood Development Services Inc's spending goes to programs?
Housing And Neighborhood Development Services Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Housing And Neighborhood Development Services Inc located?
Housing And Neighborhood Development Services Inc is headquartered in Orange, New Jersey and files with the IRS under EIN 222712067.
How many years of IRS 990 filings does Housing And Neighborhood Development Services Inc have?
Housing And Neighborhood Development Services 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 $2.5M in total revenue.
What does Housing And Neighborhood Development Services Inc do?
Housing And Neighborhood Development Services Inc is a nonprofit organization in the Unknown sector, located in Orange, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Housing And Neighborhood Development Services Inc have?
Housing And Neighborhood Development Services Inc reported total revenue of $2,461,805. Based on 13 IRS 990 filings on record.
What are Housing And Neighborhood Development Services Inc's total assets?
Housing And Neighborhood Development Services Inc holds total assets of $11,056,588 as reported in IRS 990 filings.
Where is Housing And Neighborhood Development Services Inc located?
Housing And Neighborhood Development Services Inc is based in Orange, New Jersey.
What is Housing And Neighborhood Development Services Inc's EIN?
Housing And Neighborhood Development Services Inc's Employer Identification Number (EIN) is 222712067. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Housing And Neighborhood Development Services Inc?
Housing And Neighborhood Development Services Inc is classified under NTEE code Unknown (Unknown).
Is Housing And Neighborhood Development Services Inc a registered 501(c)(3)?
Housing And Neighborhood Development Services Inc appears in IRS records (EIN: 222712067). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Housing And Neighborhood Development Services Inc file IRS Form 990?
Yes, Housing And Neighborhood Development Services Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Housing And Neighborhood Development Services Inc's revenue in 2023?
In the 202306 filing period, Housing And Neighborhood Development Services Inc reported total revenue of $1,966,025, total expenses of $1,924,506, and net assets of $10,797,514.
Is Housing And Neighborhood Development Services Inc's revenue growing or declining?
Housing And Neighborhood Development Services Inc's revenue is declining. Revenue went from $2,415,087 (202206) to $1,966,025 (202306), a -18.6% change. Based on 13 filings on record.
What is Housing And Neighborhood Development Services Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Housing And Neighborhood Development Services Inc covers tax period 202306. It shows revenue of $1,966,025, expenses of $1,924,506, total assets of $10,797,514, and liabilities of $6,718,928.
How much does Housing And Neighborhood Development Services Inc spend on programs vs administration?
Based on IRS 990 analysis, Housing And Neighborhood Development Services Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Housing And Neighborhood Development Services Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Housing And Neighborhood Development Services Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Housing And Neighborhood Development Services Inc?
The following concerns were identified: Consistent reporting of 0% compensation for officers and directors raises concerns about transparency and actual executive remuneration.. Significant and continuous decline in total assets over the past eight years, from $24M to $10.7M.. Net assets have decreased substantially, indicating a reduction in the organization's financial reserves and capacity.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Housing And Neighborhood Development Services Inc's strengths?
Positive indicators for Housing And Neighborhood Development Services Inc include: Despite declining assets, the organization has maintained operations and continued to generate revenue.. The organization has a long history of operation, suggesting established community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Housing And Neighborhood Development Services Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization of this size and suggests potential underreporting or alternative compensation structures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported 0% executive compensation, how does the organization attract and retain leadership, and what are the actual costs associated with executive management?
The consistent reporting of $0 for executive compensation in filings is highly unusual and suggests that executive leadership may be compensated through other means not explicitly detailed, or that the organization relies heavily on volunteer leadership, which would be an important distinction for understanding operational costs.
What factors are contributing to the significant and continuous decline in total assets and revenue over the past eight years?
The data shows a steady decrease in total assets from $24,019,606 in 2016 to $10,797,514 in 2023, and revenue has also generally declined. This trend could be due to divestment of properties, reduced grant funding, or decreased program income, which warrants further investigation into the organization's strategic decisions and funding sources.
Filing History
IRS 990 filing history for Housing And Neighborhood Development Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing And Neighborhood Development Services Inc's revenue has declined by 34.7%, moving from $3.0M to $2.0M. Total assets decreased by 29.7% over the same period, from $15.4M to $10.8M. Total functional expenses fell by 3.5%, from $2.0M to $1.9M. In its most recent filing year (2023), Housing And Neighborhood Development Services Inc reported a surplus of $42K, with revenue exceeding expenses. The organization holds $6.7M in liabilities against $10.8M in assets (debt-to-asset ratio: 62.2%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.9M | $10.8M | $6.7M | — | View 990 |
| 2022 | $2.4M | $2.2M | $11.0M | $7.0M | — | View 990 |
| 2021 | $1.8M | $2.1M | $11.3M | $7.3M | — | View 990 |
| 2020 | $2.2M | $2.2M | $11.5M | $7.2M | — | View 990 |
| 2019 | $2.3M | $2.2M | $12.2M | $8.0M | — | View 990 |
| 2018 | $1.5M | $2.6M | $15.8M | $11.6M | — | View 990 |
| 2017 | $1.7M | $2.7M | $21.0M | $15.7M | — | View 990 |
| 2016 | $2.5M | $2.3M | $24.0M | $14.6M | — | View 990 |
| 2015 | $4.5M | $3.7M | $21.5M | $12.2M | — | View 990 |
| 2014 | $3.4M | $2.7M | $20.2M | $11.7M | — | View 990 |
| 2013 | $2.1M | $1.7M | $19.3M | $11.4M | — | View 990 |
| 2012 | $3.2M | $1.8M | $18.0M | $10.5M | — | View 990 |
| 2011 | $3.0M | $2.0M | $15.4M | $9.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.9M, and assets of $10.8M (revenue -18.6% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.2M, and assets of $11.0M (revenue +34.8% year-over-year).
- 2021: Revenue of $1.8M, expenses of $2.1M, and assets of $11.3M (revenue -19.2% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.2M, and assets of $11.5M (revenue -3.7% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.2M, and assets of $12.2M (revenue +52.4% year-over-year).
- 2018: Revenue of $1.5M, expenses of $2.6M, and assets of $15.8M (revenue -11.5% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.7M, and assets of $21.0M (revenue -30.6% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.3M, and assets of $24.0M (revenue -45.4% year-over-year).
- 2015: Revenue of $4.5M, expenses of $3.7M, and assets of $21.5M (revenue +33.5% year-over-year).
- 2014: Revenue of $3.4M, expenses of $2.7M, and assets of $20.2M (revenue +59.1% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.7M, and assets of $19.3M (revenue -34.3% year-over-year).
- 2012: Revenue of $3.2M, expenses of $1.8M, and assets of $18.0M (revenue +7.0% year-over-year).
- 2011: Revenue of $3.0M, expenses of $2.0M, and assets of $15.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing And Neighborhood Development Services Inc:
Data Sources and Methodology
This transparency report for Housing And Neighborhood Development Services 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.