Housing Options & Geriatric Association & Resources Inc
Housing Options & Geriatric Association & Resources Inc shows consistent growth and no reported officer compensation over a decade.
EIN: 133887707 · Bronx, NY · NTEE: F34Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.7M |
| Total Expenses | $12.4M |
| Program Spending | 90% |
| Net Assets | $2.8M |
| Transparency Score | 92/100 |
Is Housing Options & Geriatric Association & Resources Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Options & Geriatric Association & Resources Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Options & Geriatric Association & Resources Inc
Housing Options & Geriatric Association & Resources Inc (EIN: 133887707) is a nonprofit organization based in Bronx, NY, classified under NTEE code F34Z. The organization reported total revenue of $32.7M and total assets of $15.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Options & Geriatric Association & Resources Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Options & Geriatric Association & Resources Inc is a large 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 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.6M |
| Total Expenses | $12.4M |
| Surplus / Deficit | +$183K |
| Total Assets | $8.4M |
| Total Liabilities | $5.7M |
| Net Assets | $2.8M |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 67.3% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2023, Housing Options & Geriatric Association & Resources Inc reported a surplus of $183K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 67.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing Options & Geriatric Association & Resources Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.6% | +48.0% | +36.0% |
| 2022 | +17.8% | +2.7% | +16.9% |
| 2021 | +6.4% | +3.2% | +34.2% |
| 2020 | -6.1% | +1.5% | +2.3% |
| 2019 | +17.0% | +9.1% | -37.5% |
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 Housing Options & Geriatric Association & Resources Inc with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Housing Options & Geriatric Association & Resources Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $183K, with revenue exceeding expenses.
- Debt-to-asset ratio: 67.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds to programs or that executive roles are filled by volunteers or compensated through other means not captured in this metric.
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 Options & Geriatric Association & Resources Inc's IRS 990 filings:
- Lack of detailed expense breakdown prevents precise program vs. admin ratio calculation from provided data.
- Zero officer compensation for an organization with over $12M in revenue is highly unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Housing Options & Geriatric Association & Resources Inc:
- Consistent and significant revenue growth over the past decade, from $5.7M in 2014 to $12.6M in 2023.
- Healthy asset growth, nearly tripling from $3.1M in 2014 to $8.4M in 2023.
- Expenses closely align with revenue, indicating efficient use of funds with minimal surplus or deficit.
- No reported officer compensation, suggesting a strong commitment to directing funds to mission-related activities.
- Positive net assets in most years, demonstrating financial solvency and capacity.
Frequently Asked Questions about Housing Options & Geriatric Association & Resources Inc
Is Housing Options & Geriatric Association & Resources Inc a legitimate charity?
Housing Options & Geriatric Association & Resources Inc (EIN: 133887707) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $32.7M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Housing Options & Geriatric Association & Resources Inc spend its money?
Housing Options & Geriatric Association & Resources Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Housing Options & Geriatric Association & Resources Inc tax-deductible?
Housing Options & Geriatric Association & Resources Inc is registered as a tax-exempt nonprofit (EIN: 133887707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Housing Options & Geriatric Association & Resources Inc's spending goes to programs?
Housing Options & Geriatric Association & Resources Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing Options & Geriatric Association & Resources Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Housing Options & Geriatric Association & Resources Inc is above average for NTEE category F34Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing Options & Geriatric Association & Resources Inc located?
Housing Options & Geriatric Association & Resources Inc is headquartered in Bronx, New York and files with the IRS under EIN 133887707. It is classified under NTEE code F34Z.
How many years of IRS 990 filings does Housing Options & Geriatric Association & Resources Inc have?
Housing Options & Geriatric Association & Resources 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 $32.7M in total revenue.
Is Housing Options & Geriatric Association & Resources Inc financially stable?
Yes, the organization demonstrates strong financial stability with consistent revenue growth from $5.7M in 2014 to $12.6M in 2023, and a healthy increase in assets from $3.1M to $8.4M over the same period.
How efficiently does HOGAR spend its money?
HOGAR appears to be very efficient, with expenses closely tracking revenue each year (e.g., $12,610,974 revenue vs. $12,428,451 expenses in 2023), suggesting most funds are directly applied to operations and programs.
Does HOGAR pay its executives?
According to the IRS 990 filings, HOGAR reported 0% officer compensation across all available periods, indicating no salaries were paid to officers or key employees through the organization.
Has HOGAR's financial health improved over time?
Yes, HOGAR has shown significant financial improvement, with revenue more than doubling and assets nearly tripling from 2014 to 2023, indicating strong growth and increased capacity.
Filing History
IRS 990 filing history for Housing Options & Geriatric Association & Resources Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing Options & Geriatric Association & Resources Inc's revenue has grown by 169.6%, moving from $4.7M to $12.6M. Total assets increased by 292.1% over the same period, from $2.1M to $8.4M. Total functional expenses rose by 162.1%, from $4.7M to $12.4M. In its most recent filing year (2023), Housing Options & Geriatric Association & Resources Inc reported a surplus of $183K, with revenue exceeding expenses. The organization holds $5.7M in liabilities against $8.4M in assets (debt-to-asset ratio: 67.3%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.6M | $12.4M | $8.4M | $5.7M | — | — |
| 2022 | $9.9M | $8.4M | $6.2M | $3.6M | — | View 990 |
| 2021 | $8.4M | $8.2M | $5.3M | $4.2M | — | View 990 |
| 2020 | $7.9M | $7.9M | $4.0M | $3.1M | — | View 990 |
| 2019 | $8.4M | $7.8M | $3.9M | $3.0M | — | View 990 |
| 2018 | $7.2M | $7.2M | $6.2M | $5.9M | — | View 990 |
| 2017 | $7.0M | $6.8M | $4.7M | $4.5M | — | View 990 |
| 2016 | $7.0M | $6.8M | $4.1M | $4.0M | — | View 990 |
| 2015 | $6.1M | $6.1M | $4.0M | $4.2M | — | View 990 |
| 2014 | $5.7M | $5.9M | $3.1M | $3.3M | — | View 990 |
| 2013 | $5.5M | $5.5M | $2.5M | $2.4M | — | View 990 |
| 2012 | $5.4M | $5.3M | $2.3M | $2.2M | — | View 990 |
| 2011 | $4.7M | $4.7M | $2.1M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.6M, expenses of $12.4M, and assets of $8.4M (revenue +27.6% year-over-year).
- 2022: Revenue of $9.9M, expenses of $8.4M, and assets of $6.2M (revenue +17.8% year-over-year).
- 2021: Revenue of $8.4M, expenses of $8.2M, and assets of $5.3M (revenue +6.4% year-over-year).
- 2020: Revenue of $7.9M, expenses of $7.9M, and assets of $4.0M (revenue -6.1% year-over-year).
- 2019: Revenue of $8.4M, expenses of $7.8M, and assets of $3.9M (revenue +17.0% year-over-year).
- 2018: Revenue of $7.2M, expenses of $7.2M, and assets of $6.2M (revenue +3.0% year-over-year).
- 2017: Revenue of $7.0M, expenses of $6.8M, and assets of $4.7M (revenue -0.2% year-over-year).
- 2016: Revenue of $7.0M, expenses of $6.8M, and assets of $4.1M (revenue +14.3% year-over-year).
- 2015: Revenue of $6.1M, expenses of $6.1M, and assets of $4.0M (revenue +6.7% year-over-year).
- 2014: Revenue of $5.7M, expenses of $5.9M, and assets of $3.1M (revenue +4.9% year-over-year).
- 2013: Revenue of $5.5M, expenses of $5.5M, and assets of $2.5M (revenue +2.0% year-over-year).
- 2012: Revenue of $5.4M, expenses of $5.3M, and assets of $2.3M (revenue +14.5% year-over-year).
- 2011: Revenue of $4.7M, expenses of $4.7M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Options & Geriatric Association & Resources Inc:
Data Sources and Methodology
This transparency report for Housing Options & Geriatric Association & Resources 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.