Housing Partnership Development Corporation
Housing Partnership Development Corporation shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 133202014 · New York, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $6.1M |
| Program Spending | 85% |
| Net Assets | $6.8M |
| Transparency Score | 85/100 |
Is Housing Partnership Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Partnership Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Partnership Development Corporation
Housing Partnership Development Corporation (EIN: 133202014) is a nonprofit organization based in New York, NY, classified under NTEE code L200. The organization reported total revenue of $5.3M and total assets of $9.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Partnership Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Partnership Development Corporation is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $6.1M |
| Surplus / Deficit | $-69,641 |
| Total Assets | $10.5M |
| Total Liabilities | $3.7M |
| Net Assets | $6.8M |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 35.0% |
| Months of Reserves | 20.7 months |
Financial Health Grade: B
In 2023, Housing Partnership Development Corporation reported a deficit of $70K with expenses exceeding revenue, holds 20.7 months of operating reserves (strong position), has a debt-to-asset ratio of 35.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing Partnership Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.6% | +0.1% | +2.3% |
| 2022 | +27.8% | +35.2% | +40.6% |
| 2021 | +10.3% | +2.6% | +4.0% |
| 2020 | -11.8% | -11.7% | -0.3% |
| 2019 | -1.1% | +5.3% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Partnership Development Corporation 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 Partnership Development Corporation 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 deficit of $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue. This suggests that executive leadership may be compensated through other mechanisms not classified as officer compensation on the 990, or that leadership is entirely volunteer-based, which would be a significant strength in terms of resource allocation.
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 Partnership Development Corporation's IRS 990 filings:
- Significant increase in liabilities from $595,003 in 2021 to $3,678,800 in 2023, requiring further investigation.
- Consistent 0% officer compensation reported, which is unusual and may obscure the full picture of executive remuneration.
Strengths
The following positive indicators were identified for Housing Partnership Development Corporation:
- Consistent revenue growth over the past decade, from $3,193,504 in 2014 to $6,029,288 in 2023.
- Substantial asset growth, more than doubling from $5,194,408 in 2014 to $10,524,106 in 2023.
- Strong program focus implied by the lack of reported officer compensation, potentially maximizing resources for mission-related activities.
- Long and consistent filing history (13 filings), indicating transparency and established operations.
Frequently Asked Questions about Housing Partnership Development Corporation
Is Housing Partnership Development Corporation a legitimate charity?
Housing Partnership Development Corporation (EIN: 133202014) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Housing Partnership Development Corporation spend its money?
Housing Partnership Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Housing Partnership Development Corporation tax-deductible?
Housing Partnership Development Corporation is registered as a tax-exempt nonprofit (EIN: 133202014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Housing Partnership Development Corporation's spending goes to programs?
Housing Partnership Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing Partnership Development Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Housing Partnership Development Corporation is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing Partnership Development Corporation located?
Housing Partnership Development Corporation is headquartered in New York, New York and files with the IRS under EIN 133202014. It is classified under NTEE code L200.
How many years of IRS 990 filings does Housing Partnership Development Corporation have?
Housing Partnership Development 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 $5.3M in total revenue.
Is Housing Partnership Development Corporation a good charity?
Based on the available IRS 990 data, Housing Partnership Development Corporation appears to be a financially stable organization with growing assets and consistent revenue. The lack of reported officer compensation is a unique characteristic that could indicate strong program focus or an alternative compensation structure. Its consistent operations and asset growth suggest effective management in pursuing its mission.
How has the organization's financial health changed over the past few years?
The organization's financial health has generally improved, with assets more than doubling from $5,194,408 in 2014 to $10,524,106 in 2023. Revenues have also shown a positive trend, increasing from $3,193,504 in 2014 to $6,029,288 in 2023. While there was a slight operational deficit in 2023, the overall trend indicates growth and stability.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It could mean that the organization's top executives are volunteers, or that their compensation is categorized differently on the 990 (e.g., as independent contractor fees or through a related entity). While it suggests a high dedication of resources to programs, it also warrants further inquiry to understand the full compensation structure for leadership.
Are the increasing liabilities a concern?
The organization's liabilities have increased, particularly from $595,003 in 2021 to $3,678,800 in 2023. While an increase in liabilities can be normal for growing organizations, especially those involved in development projects, this significant jump warrants closer examination to understand the nature of these liabilities and their potential impact on the organization's long-term financial stability.
Filing History
IRS 990 filing history for Housing Partnership Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing Partnership Development Corporation's revenue has grown by 130.3%, moving from $2.6M to $6.0M. Total assets increased by 67.4% over the same period, from $6.3M to $10.5M. Total functional expenses rose by 136.3%, from $2.6M to $6.1M. In its most recent filing year (2023), Housing Partnership Development Corporation reported a deficit of $70K, with expenses exceeding revenue. The organization holds $3.7M in liabilities against $10.5M in assets (debt-to-asset ratio: 35.0%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $6.1M | $10.5M | $3.7M | — | — |
| 2022 | $6.3M | $6.1M | $10.3M | $3.4M | — | View 990 |
| 2021 | $4.9M | $4.5M | $7.3M | $595K | — | View 990 |
| 2020 | $4.4M | $4.4M | $7.0M | $704K | — | View 990 |
| 2019 | $5.0M | $5.0M | $7.1M | $759K | — | View 990 |
| 2018 | $5.1M | $4.7M | $6.7M | $498K | — | View 990 |
| 2017 | $4.5M | $4.2M | $6.6M | $614K | — | View 990 |
| 2016 | $4.9M | $4.5M | $6.7M | $1.3M | — | View 990 |
| 2015 | $3.7M | $3.5M | $5.4M | $343K | — | View 990 |
| 2014 | $3.2M | $3.0M | $5.2M | $225K | — | View 990 |
| 2013 | $3.1M | $2.8M | $5.5M | $694K | — | View 990 |
| 2012 | $2.8M | $2.7M | $6.2M | $1.9M | — | View 990 |
| 2011 | $2.6M | $2.6M | $6.3M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $6.1M, and assets of $10.5M (revenue -3.6% year-over-year).
- 2022: Revenue of $6.3M, expenses of $6.1M, and assets of $10.3M (revenue +27.8% year-over-year).
- 2021: Revenue of $4.9M, expenses of $4.5M, and assets of $7.3M (revenue +10.3% year-over-year).
- 2020: Revenue of $4.4M, expenses of $4.4M, and assets of $7.0M (revenue -11.8% year-over-year).
- 2019: Revenue of $5.0M, expenses of $5.0M, and assets of $7.1M (revenue -1.1% year-over-year).
- 2018: Revenue of $5.1M, expenses of $4.7M, and assets of $6.7M (revenue +14.1% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.2M, and assets of $6.6M (revenue -8.1% year-over-year).
- 2016: Revenue of $4.9M, expenses of $4.5M, and assets of $6.7M (revenue +30.4% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.5M, and assets of $5.4M (revenue +16.5% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.0M, and assets of $5.2M (revenue +2.4% year-over-year).
- 2013: Revenue of $3.1M, expenses of $2.8M, and assets of $5.5M (revenue +11.3% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.7M, and assets of $6.2M (revenue +7.0% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.6M, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Partnership Development Corporation:
Data Sources and Methodology
This transparency report for Housing Partnership Development 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.