Housing Works Services Ii Inc
Housing Works Services II Inc. consistently operates at a deficit with growing liabilities, reporting no officer compensation.
EIN: 133818122 · Brooklyn, NY · NTEE: E320 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.3M |
| Total Expenses | $8.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $-9,082,589 |
| Transparency Score | 65/100 |
Is Housing Works Services Ii Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Works Services Ii Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Works Services Ii Inc
Housing Works Services Ii Inc (EIN: 133818122) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code E320. The organization reported total revenue of $9.3M and total assets of $13.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Works Services Ii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Works Services Ii Inc is a mid-size nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.6M |
| Total Expenses | $8.1M |
| Surplus / Deficit | $-517,184 |
| Total Assets | $13.2M |
| Total Liabilities | $22.3M |
| Net Assets | $-9,082,589 |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 168.6% |
| Months of Reserves | 19.6 months |
Financial Health Grade: C
In 2023, Housing Works Services Ii Inc reported a deficit of $517K with expenses exceeding revenue, holds 19.6 months of operating reserves (strong position), has a debt-to-asset ratio of 168.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing Works Services Ii Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.9% | -2.0% | -10.5% |
| 2022 | +1.6% | -0.1% | -7.1% |
| 2021 | +15.7% | +6.5% | +781.7% |
| 2020 | -19.3% | +2.3% | -29.6% |
| 2019 | +5.7% | -4.9% | +34.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Works Services Ii 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: 80%
- fundraising: 5%
According to IRS 990 filings, Housing Works Services Ii Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $517K, with expenses exceeding revenue.
- Debt-to-asset ratio: 168.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with annual revenues exceeding $7 million. This suggests executive compensation may be paid by a related entity or categorized differently, impacting transparency regarding leadership costs.
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 Works Services Ii Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in most years, e.g., $8,107,718 expenses vs. $7,590,534 revenue in 2023).
- Significant and growing liabilities ($22,322,601 in 2023) relative to assets ($13,240,012 in 2023).
- 0% reported officer compensation across all filings, which is unusual for an organization of this size and could indicate a lack of transparency in executive pay.
- Lack of detailed functional expense breakdown in summary data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Housing Works Services Ii Inc:
- Significant asset growth from $1,807,123 in 2020 to $13,240,012 in 2023, indicating potential investment or capital acquisition.
- Consistent revenue generation, with latest reported revenue at $9,277,324.
- Long filing history (13 filings) suggests established operations and compliance with IRS reporting.
Frequently Asked Questions about Housing Works Services Ii Inc
Is Housing Works Services Ii Inc a legitimate charity?
Housing Works Services Ii Inc (EIN: 133818122) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.3M. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Housing Works Services Ii Inc spend its money?
Housing Works Services Ii Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Housing Works Services Ii Inc tax-deductible?
Housing Works Services Ii Inc is registered as a tax-exempt nonprofit (EIN: 133818122). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Housing Works Services Ii Inc CEO make?
Housing Works Services Ii Inc's highest-compensated officer earns $7 annually. The organization reported $9.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Housing Works Services Ii Inc's spending goes to programs?
Housing Works Services Ii Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing Works Services Ii Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Housing Works Services Ii Inc is above average for NTEE category E320 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing Works Services Ii Inc located?
Housing Works Services Ii Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 133818122. It is classified under NTEE code E320.
How many years of IRS 990 filings does Housing Works Services Ii Inc have?
Housing Works Services Ii 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 $9.3M in total revenue.
Why does Housing Works Services II Inc. consistently operate with expenses exceeding revenue?
The provided data shows a recurring pattern of expenses surpassing revenue, for example, $8,107,718 in expenses versus $7,590,534 in revenue in 2023. This suggests the organization may be drawing from reserves, receiving inter-company transfers, or relying on other non-operating income sources not detailed in the summary.
What is the nature of the significant liabilities, which reached $22,322,601 in 2023?
The liabilities have grown substantially, from $9,667,598 in 2020 to $22,322,601 in 2023. Without access to the full 990, it's unclear if these are program-related debts, mortgages, or other financial obligations, which is a critical detail for assessing financial risk.
How does the organization manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings is atypical. This could mean officers are volunteers, compensated by a parent or related organization, or their compensation is reported under a different expense category, which would affect the clarity of administrative costs.
What is the long-term strategy for addressing the operational deficits?
With expenses consistently higher than revenue (e.g., $8,107,718 expenses vs. $7,590,534 revenue in 2023), the organization needs a clear strategy to achieve financial sustainability, whether through increased fundraising, cost efficiencies, or other funding models.
Filing History
IRS 990 filing history for Housing Works Services Ii Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing Works Services Ii Inc's revenue has grown by 1.7%, moving from $7.5M to $7.6M. Total assets increased by 224.5% over the same period, from $4.1M to $13.2M. Total functional expenses fell by 14.2%, from $9.5M to $8.1M. In its most recent filing year (2023), Housing Works Services Ii Inc reported a deficit of $517K, with expenses exceeding revenue. The organization holds $22.3M in liabilities against $13.2M in assets (debt-to-asset ratio: 168.6%), resulting in net assets of $-9,082,589.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.6M | $8.1M | $13.2M | $22.3M | — | View 990 |
| 2022 | $8.0M | $8.3M | $14.8M | $23.4M | — | View 990 |
| 2021 | $7.9M | $8.3M | $15.9M | $24.2M | — | View 990 |
| 2020 | $6.8M | $7.8M | $1.8M | $9.7M | — | View 990 |
| 2019 | $8.4M | $7.6M | $2.6M | $9.5M | — | View 990 |
| 2018 | $8.0M | $8.0M | $1.9M | $9.6M | — | View 990 |
| 2017 | $7.3M | $7.0M | $2.0M | $9.7M | — | View 990 |
| 2016 | $5.3M | $5.3M | $2.4M | $10.4M | — | View 990 |
| 2015 | $5.0M | $5.8M | $2.4M | $10.4M | — | View 990 |
| 2014 | $4.8M | $5.6M | $2.9M | $10.2M | — | View 990 |
| 2013 | $4.8M | $6.3M | $3.0M | $9.5M | — | View 990 |
| 2012 | $5.8M | $6.6M | $4.0M | $9.0M | — | View 990 |
| 2011 | $7.5M | $9.5M | $4.1M | $8.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.6M, expenses of $8.1M, and assets of $13.2M (revenue -4.9% year-over-year).
- 2022: Revenue of $8.0M, expenses of $8.3M, and assets of $14.8M (revenue +1.6% year-over-year).
- 2021: Revenue of $7.9M, expenses of $8.3M, and assets of $15.9M (revenue +15.7% year-over-year).
- 2020: Revenue of $6.8M, expenses of $7.8M, and assets of $1.8M (revenue -19.3% year-over-year).
- 2019: Revenue of $8.4M, expenses of $7.6M, and assets of $2.6M (revenue +5.7% year-over-year).
- 2018: Revenue of $8.0M, expenses of $8.0M, and assets of $1.9M (revenue +8.8% year-over-year).
- 2017: Revenue of $7.3M, expenses of $7.0M, and assets of $2.0M (revenue +37.9% year-over-year).
- 2016: Revenue of $5.3M, expenses of $5.3M, and assets of $2.4M (revenue +6.2% year-over-year).
- 2015: Revenue of $5.0M, expenses of $5.8M, and assets of $2.4M (revenue +4.9% year-over-year).
- 2014: Revenue of $4.8M, expenses of $5.6M, and assets of $2.9M (revenue -1.7% year-over-year).
- 2013: Revenue of $4.8M, expenses of $6.3M, and assets of $3.0M (revenue -16.5% year-over-year).
- 2012: Revenue of $5.8M, expenses of $6.6M, and assets of $4.0M (revenue -22.2% year-over-year).
- 2011: Revenue of $7.5M, expenses of $9.5M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Works Services Ii Inc:
Data Sources and Methodology
This transparency report for Housing Works Services Ii 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.