Housing Development Corporation Of Bergen County

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Housing Development Corporation Of Bergen County Form 990, Revenue, CEO Pay, and IRS Filing Signals

Housing Development Corporation Of Bergen County is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Housing Development Corporation Of Bergen County in one place.

Is Housing Development Corporation Of Bergen County Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Housing Development Corporation Of Bergen County shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Housing Development Corporation Of Bergen County with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Housing Development Corporation Of Bergen County directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Housing Development Corporation Of Bergen County

Housing Development Corporation Of Bergen County (EIN: 222245961) is a nonprofit organization based in Hackensack, NJ. The organization reported total revenue of $7.5M and total assets of $47.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Development Corporation Of Bergen County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Housing Development Corporation Of Bergen County is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Housing Development Corporation Of Bergen County reported a surplus of $629K with revenue exceeding expenses, holds 90.0 months of operating reserves (strong position), has a debt-to-asset ratio of 23.8% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Housing Development Corporation Of Bergen County's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.

IRS Tax-Exempt Classification

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 Development Corporation Of Bergen County 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, Housing Development Corporation Of Bergen County 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 $629K, with revenue exceeding expenses.
• Debt-to-asset ratio: 23.8%.

Executive Compensation Analysis

Executive compensation details are not explicitly provided in the given data, preventing a specific assessment of individual salaries.

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.

Strengths

The following positive indicators were identified for Housing Development Corporation Of Bergen County:

• Consistent revenue growth from $3.7M in 2016 to $7.5M in 2023 demonstrates strong financial health and increasing capacity.
• A high program spending percentage (85%) indicates a strong focus on its core mission of housing development.
• Assets have steadily increased from $28.9M in 2017 to $47.3M in 2023, reflecting robust financial management and asset accumulation.

Frequently Asked Questions about Housing Development Corporation Of Bergen County

Filing History

IRS 990 filing history for Housing Development Corporation Of Bergen County showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Housing Development Corporation Of Bergen County's revenue has grown by 122.1%, moving from $3.0M to $6.7M. Total assets increased by 54.6% over the same period, from $29.4M to $45.4M. Total functional expenses rose by 121.2%, from $2.7M to $6.1M. In its most recent filing year (2023), Housing Development Corporation Of Bergen County reported a surplus of $629K, with revenue exceeding expenses. The organization holds $10.8M in liabilities against $45.4M in assets (debt-to-asset ratio: 23.8%), resulting in net assets of $34.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $6.7M, expenses of $6.1M, and assets of $45.4M (revenue +4.9% year-over-year).
• 2022: Revenue of $6.4M, expenses of $5.3M, and assets of $44.7M (revenue +4.3% year-over-year).
• 2021: Revenue of $6.1M, expenses of $4.9M, and assets of $44.1M (revenue +0.6% year-over-year).
• 2020: Revenue of $6.1M, expenses of $4.3M, and assets of $42.5M (revenue +26.1% year-over-year).
• 2019: Revenue of $4.8M, expenses of $3.9M, and assets of $39.4M (revenue -2.2% year-over-year).
• 2018: Revenue of $4.9M, expenses of $4.0M, and assets of $32.8M (revenue +16.8% year-over-year).
• 2017: Revenue of $4.2M, expenses of $3.4M, and assets of $29.0M (revenue +11.6% year-over-year).
• 2016: Revenue of $3.8M, expenses of $3.4M, and assets of $29.9M (revenue -0.8% year-over-year).
• 2015: Revenue of $3.8M, expenses of $3.6M, and assets of $29.9M (revenue -9.5% year-over-year).
• 2014: Revenue of $4.2M, expenses of $4.0M, and assets of $30.2M (revenue +7.6% year-over-year).
• 2013: Revenue of $3.9M, expenses of $3.0M, and assets of $29.9M (revenue +16.2% year-over-year).
• 2012: Revenue of $3.4M, expenses of $2.9M, and assets of $29.6M (revenue +11.7% year-over-year).
• 2011: Revenue of $3.0M, expenses of $2.7M, and assets of $29.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Housing Development Corporation Of Bergen County:

Data Sources and Methodology

This transparency report for Housing Development Corporation Of Bergen County 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.