Hss Properties Corporation
Hss Properties Corporation consistently generates operating surpluses with no reported executive compensation.
EIN: 133246249 · New York, NY · NTEE: E110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $120.9M |
| Total Expenses | $68.1M |
| Program Spending | 90% |
| Net Assets | $112.5M |
| Transparency Score | 90/100 |
Is Hss Properties Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hss Properties Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hss Properties Corporation
Hss Properties Corporation (EIN: 133246249) is a nonprofit organization based in New York, NY, classified under NTEE code E110. The organization reported total revenue of $120.9M and total assets of $588.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hss Properties Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hss Properties Corporation is a major nonprofit that has been operating for 41 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:
| Total Revenue | $74.1M |
| Total Expenses | $68.1M |
| Surplus / Deficit | +$6.1M |
| Total Assets | $596.9M |
| Total Liabilities | $484.5M |
| Net Assets | $112.5M |
| Operating Margin | 8.2% |
| Debt-to-Asset Ratio | 81.2% |
| Months of Reserves | 105.2 months |
Financial Health Grade: A
In 2023, Hss Properties Corporation reported a surplus of $6.1M with revenue exceeding expenses, holds 105.2 months of operating reserves (strong position), has a debt-to-asset ratio of 81.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hss Properties Corporation's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.4% | +6.6% | +6.8% |
| 2022 | -6.2% | -5.1% | -6.1% |
| 2021 | -0.6% | +0.7% | -1.7% |
| 2020 | +2.3% | +5.1% | -1.0% |
| 2019 | +7.9% | +9.1% | +267.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Hss Properties Corporation with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, Hss Properties Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $6.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 81.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly favorable, suggesting all resources are directed towards the organization's mission rather than executive 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 Hss Properties Corporation:
- Consistent operating surpluses, with revenue exceeding expenses in all reported periods.
- Significant growth in assets, from $94.4M in 2014 to $596.9M in 2023, indicating strong financial growth and capacity.
- Zero reported officer compensation across all filings, demonstrating high financial efficiency and commitment to mission.
- Healthy net asset position, consistently maintaining assets well above liabilities.
Frequently Asked Questions about Hss Properties Corporation
Is Hss Properties Corporation a legitimate charity?
Hss Properties Corporation (EIN: 133246249) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $120.9M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Hss Properties Corporation spend its money?
Hss Properties Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hss Properties Corporation tax-deductible?
Hss Properties Corporation is registered as a tax-exempt nonprofit (EIN: 133246249). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hss Properties Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hss Properties Corporation is above average for NTEE category E110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hss Properties Corporation located?
Hss Properties Corporation is headquartered in New York, New York and files with the IRS under EIN 133246249. It is classified under NTEE code E110.
How many years of IRS 990 filings does Hss Properties Corporation have?
Hss Properties 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 $120.9M in total revenue.
What is the specific mission of Hss Properties Corporation?
Based on the NTEE code E110 (Housing Development, Construction & Management), Hss Properties Corporation likely focuses on developing, constructing, or managing housing, potentially for specific populations or affordable housing initiatives. Further detail would require reviewing the full 990 form's program service accomplishments.
How does Hss Properties Corporation manage its significant liabilities?
While liabilities have grown alongside assets, reaching $484,475,395 in 2023, the organization's assets consistently exceed liabilities, with a net asset position of $112,460,108 in 2023. This indicates a solvent financial position, suggesting liabilities are likely managed through long-term financing or property-related debt.
What is the trend in the organization's net assets?
Net assets have shown substantial growth, from $50,808,572 in 2014 to $112,460,108 in 2023, indicating that the organization is building its financial reserves and capacity over time.
Filing History
IRS 990 filing history for Hss Properties Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hss Properties Corporation's revenue has grown by 122.9%, moving from $33.3M to $74.1M. Total assets increased by 953.5% over the same period, from $56.7M to $596.9M. Total functional expenses rose by 143.2%, from $28.0M to $68.1M. In its most recent filing year (2023), Hss Properties Corporation reported a surplus of $6.1M, with revenue exceeding expenses. The organization holds $484.5M in liabilities against $596.9M in assets (debt-to-asset ratio: 81.2%), resulting in net assets of $112.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74.1M | $68.1M | $596.9M | $484.5M | — | — |
| 2022 | $68.4M | $63.9M | $559.0M | $463.1M | — | View 990 |
| 2021 | $73.0M | $67.3M | $595.6M | $489.8M | — | View 990 |
| 2020 | $73.4M | $66.9M | $605.7M | $508.2M | — | View 990 |
| 2019 | $71.8M | $63.6M | $611.6M | $523.3M | — | View 990 |
| 2018 | $66.5M | $58.3M | $166.3M | $88.8M | — | View 990 |
| 2017 | $59.1M | $51.6M | $148.5M | $77.4M | — | View 990 |
| 2016 | $48.8M | $43.2M | $134.3M | $72.3M | — | View 990 |
| 2015 | $43.8M | $38.3M | $104.1M | $47.8M | — | View 990 |
| 2014 | $40.2M | $34.0M | $94.5M | $43.7M | — | View 990 |
| 2013 | $38.4M | $32.9M | $97.4M | $53.2M | — | View 990 |
| 2012 | $35.9M | $29.7M | $92.0M | $54.7M | — | View 990 |
| 2011 | $33.3M | $28.0M | $56.7M | $25.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74.1M, expenses of $68.1M, and assets of $596.9M (revenue +8.4% year-over-year).
- 2022: Revenue of $68.4M, expenses of $63.9M, and assets of $559.0M (revenue -6.2% year-over-year).
- 2021: Revenue of $73.0M, expenses of $67.3M, and assets of $595.6M (revenue -0.6% year-over-year).
- 2020: Revenue of $73.4M, expenses of $66.9M, and assets of $605.7M (revenue +2.3% year-over-year).
- 2019: Revenue of $71.8M, expenses of $63.6M, and assets of $611.6M (revenue +7.9% year-over-year).
- 2018: Revenue of $66.5M, expenses of $58.3M, and assets of $166.3M (revenue +12.5% year-over-year).
- 2017: Revenue of $59.1M, expenses of $51.6M, and assets of $148.5M (revenue +21.1% year-over-year).
- 2016: Revenue of $48.8M, expenses of $43.2M, and assets of $134.3M (revenue +11.3% year-over-year).
- 2015: Revenue of $43.8M, expenses of $38.3M, and assets of $104.1M (revenue +9.2% year-over-year).
- 2014: Revenue of $40.2M, expenses of $34.0M, and assets of $94.5M (revenue +4.5% year-over-year).
- 2013: Revenue of $38.4M, expenses of $32.9M, and assets of $97.4M (revenue +7.1% year-over-year).
- 2012: Revenue of $35.9M, expenses of $29.7M, and assets of $92.0M (revenue +7.9% year-over-year).
- 2011: Revenue of $33.3M, expenses of $28.0M, and assets of $56.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hss Properties Corporation:
Data Sources and Methodology
This transparency report for Hss Properties 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.