Housing Development Corporation Of Bergen County
Housing Development Corporation of Bergen County: Stable Growth, High Program Spending
EIN: 222245961 · Hackensack, NJ · Updated: 2026-04-04
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.
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.
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
What does Housing Development Corporation Of Bergen County do?
Housing Development Corporation Of Bergen County is a nonprofit organization in the Unknown sector, located in Hackensack, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Housing Development Corporation Of Bergen County have?
Housing Development Corporation Of Bergen County reported total revenue of $7,543,460. Based on 13 IRS 990 filings on record.
What are Housing Development Corporation Of Bergen County's total assets?
Housing Development Corporation Of Bergen County holds total assets of $47,335,194 as reported in IRS 990 filings.
Where is Housing Development Corporation Of Bergen County located?
Housing Development Corporation Of Bergen County is based in Hackensack, New Jersey.
What is Housing Development Corporation Of Bergen County's EIN?
Housing Development Corporation Of Bergen County's Employer Identification Number (EIN) is 222245961. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Housing Development Corporation Of Bergen County?
Housing Development Corporation Of Bergen County is classified under NTEE code Unknown (Unknown).
Is Housing Development Corporation Of Bergen County a registered 501(c)(3)?
Housing Development Corporation Of Bergen County appears in IRS records (EIN: 222245961). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Housing Development Corporation Of Bergen County file IRS Form 990?
Yes, Housing Development Corporation Of Bergen County has 13 IRS Form 990 filings on record. The most recent covers tax period 202303.
What was Housing Development Corporation Of Bergen County's revenue in 2023?
In the 202303 filing period, Housing Development Corporation Of Bergen County reported total revenue of $6,683,691, total expenses of $6,055,010, and net assets of $45,424,195.
Is Housing Development Corporation Of Bergen County's revenue growing or declining?
Housing Development Corporation Of Bergen County's revenue is relatively stable. Revenue went from $6,371,459 (202203) to $6,683,691 (202303), a +4.9% change. Based on 13 filings on record.
What is Housing Development Corporation Of Bergen County's most recent 990 filing?
The most recent IRS Form 990 filing for Housing Development Corporation Of Bergen County covers tax period 202303. It shows revenue of $6,683,691, expenses of $6,055,010, total assets of $45,424,195, and liabilities of $10,797,176.
How much does Housing Development Corporation Of Bergen County spend on programs vs administration?
Based on IRS 990 analysis, Housing Development Corporation Of Bergen County allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Housing Development Corporation Of Bergen County a trustworthy charity?
Based on AI analysis of IRS 990 data, Housing Development Corporation Of Bergen County appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Housing Development Corporation Of Bergen County's strengths?
Positive indicators for Housing Development Corporation Of Bergen County include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Housing Development Corporation Of Bergen County compensate executives?
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 disclosure of officer, director, and key employee pay.
How does the organization manage to maintain a 0% compensation from related parties despite significant asset growth?
The consistent reporting of 0% compensation from related parties suggests robust internal controls and a commitment to avoiding conflicts of interest, which is commendable given the substantial increase in assets from $28.9M to $47.3M over the years.
What specific strategies contribute to the consistent year-over-year revenue growth observed from 2016 to 2023?
While the data shows consistent revenue growth from $3.7M in 2016 to $7.5M in 2023, the specific strategies driving this growth (e.g., new funding sources, expansion of services, successful grant applications) are not detailed in the provided financial snapshots.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.7M | $6.1M | $45.4M | $10.8M | — | View 990 |
| 2022 | $6.4M | $5.3M | $44.7M | $10.7M | — | View 990 |
| 2021 | $6.1M | $4.9M | $44.1M | $11.2M | — | — |
| 2020 | $6.1M | $4.3M | $42.5M | $10.8M | — | View 990 |
| 2019 | $4.8M | $3.9M | $39.4M | $9.4M | — | View 990 |
| 2018 | $4.9M | $4.0M | $32.8M | $4.3M | — | View 990 |
| 2017 | $4.2M | $3.4M | $29.0M | $1.4M | — | View 990 |
| 2016 | $3.8M | $3.4M | $29.9M | $3.2M | — | View 990 |
| 2015 | $3.8M | $3.6M | $29.9M | $3.5M | — | View 990 |
| 2014 | $4.2M | $4.0M | $30.2M | $4.1M | — | View 990 |
| 2013 | $3.9M | $3.0M | $29.9M | $4.0M | — | View 990 |
| 2012 | $3.4M | $2.9M | $29.6M | $4.7M | — | View 990 |
| 2011 | $3.0M | $2.7M | $29.4M | $4.6M | — | View 990 |
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.
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.