Hudson Lutheran Housing Corporation
Hudson Lutheran Housing Corporation: Stable Revenue, High Liabilities, and Lack of Transparency
EIN: 222358412 · Secaucus, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $2.0M |
| Net Assets | $32.2M |
| Transparency Score | 65/100 |
Is Hudson Lutheran Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hudson Lutheran Housing Corporation
Hudson Lutheran Housing Corporation (EIN: 222358412) is a nonprofit organization based in Secaucus, NJ. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hudson Lutheran Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hudson Lutheran Housing Corporation is a large nonprofit, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 47.5%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $34.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$32.0M |
| Total Assets | $37.6M |
| Total Liabilities | $5.3M |
| Net Assets | $32.2M |
| Operating Margin | 94.1% |
| Debt-to-Asset Ratio | 14.2% |
| Months of Reserves | 223.5 months |
Financial Health Grade: A
In 2018, Hudson Lutheran Housing Corporation reported a surplus of $32.0M with revenue exceeding expenses, holds 223.5 months of operating reserves (strong position), has a debt-to-asset ratio of 14.2% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Hudson Lutheran Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 47.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +1509.7% | +1.8% | +1410.2% |
| 2017 | -4.2% | -0.3% | -11.1% |
| 2016 | -0.4% | +1.5% | -5.1% |
| 2015 | +1.7% | -12.3% | -2.1% |
| 2014 | -1.2% | +12.9% | -3.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hudson Lutheran Housing Corporation 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Hudson Lutheran Housing Corporation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.2%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation data was provided in the filings.
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 Hudson Lutheran Housing Corporation's IRS 990 filings:
- The organization consistently reports 0% compensation, which is highly unusual for any operational entity and suggests incomplete or miscategorized financial reporting.
- Liabilities consistently exceed assets in multiple years (e.g., 2014-2011), indicating potential financial instability.
- The absence of any spending breakdown (programs, admin, fundraising) is a significant red flag for financial transparency.
- The organization's net assets have been negative for several years, raising concerns about long-term viability.
Strengths
The following positive indicators were identified for Hudson Lutheran Housing Corporation:
- The organization has maintained a relatively stable revenue stream over the years provided, ranging from $2,111,656 to $2,240,573.
- Total assets have shown some growth from $2,487,594 in 2017 to $37,567,473 in 2018, though this jump requires further investigation.
Frequently Asked Questions about Hudson Lutheran Housing Corporation
Is Hudson Lutheran Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hudson Lutheran Housing Corporation (EIN: 222358412) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Hudson Lutheran Housing Corporation spend its money?
Detailed spending breakdown data is not yet available for Hudson Lutheran Housing Corporation. Check back for updated IRS 990 analysis.
Are donations to Hudson Lutheran Housing Corporation tax-deductible?
Hudson Lutheran Housing Corporation is registered as a tax-exempt nonprofit (EIN: 222358412). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hudson Lutheran Housing Corporation located?
Hudson Lutheran Housing Corporation is headquartered in Secaucus, New Jersey and files with the IRS under EIN 222358412.
How many years of IRS 990 filings does Hudson Lutheran Housing Corporation have?
Hudson Lutheran Housing Corporation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Hudson Lutheran Housing Corporation do?
Hudson Lutheran Housing Corporation is a nonprofit organization in the Unknown sector, located in Secaucus, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Hudson Lutheran Housing Corporation have?
Hudson Lutheran Housing Corporation reported total revenue of N/A. Based on 8 IRS 990 filings on record.
What are Hudson Lutheran Housing Corporation's total assets?
Hudson Lutheran Housing Corporation holds total assets of N/A as reported in IRS 990 filings.
Where is Hudson Lutheran Housing Corporation located?
Hudson Lutheran Housing Corporation is based in Secaucus, New Jersey.
What is Hudson Lutheran Housing Corporation's EIN?
Hudson Lutheran Housing Corporation's Employer Identification Number (EIN) is 222358412. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hudson Lutheran Housing Corporation?
Hudson Lutheran Housing Corporation is classified under NTEE code Unknown (Unknown).
Is Hudson Lutheran Housing Corporation a registered 501(c)(3)?
Hudson Lutheran Housing Corporation appears in IRS records (EIN: 222358412). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Hudson Lutheran Housing Corporation file IRS Form 990?
Yes, Hudson Lutheran Housing Corporation has 8 IRS Form 990 filings on record. The most recent covers tax period 201812.
What was Hudson Lutheran Housing Corporation's revenue in 2018?
In the 201812 filing period, Hudson Lutheran Housing Corporation reported total revenue of $33,992,200, total expenses of $2,016,818, and net assets of $37,567,473.
Is Hudson Lutheran Housing Corporation's revenue growing or declining?
Hudson Lutheran Housing Corporation's revenue is growing. Revenue went from $2,111,656 (201712) to $33,992,200 (201812), a +1509.7% change. Based on 8 filings on record.
What is Hudson Lutheran Housing Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Hudson Lutheran Housing Corporation covers tax period 201812. It shows revenue of $33,992,200, expenses of $2,016,818, total assets of $37,567,473, and liabilities of $5,335,090.
Is Hudson Lutheran Housing Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Hudson Lutheran Housing Corporation shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Hudson Lutheran Housing Corporation?
The following concerns were identified: The organization consistently reports 0% compensation, which is highly unusual for any operational entity and suggests incomplete or miscategorized financial reporting.. Liabilities consistently exceed assets in multiple years (e.g., 2014-2011), indicating potential financial instability.. The absence of any spending breakdown (programs, admin, fundraising) is a significant red flag for financial transparency.. The organization's net assets have been negative for several years, raising concerns about long-term viability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hudson Lutheran Housing Corporation's strengths?
Positive indicators for Hudson Lutheran Housing Corporation include: The organization has maintained a relatively stable revenue stream over the years provided, ranging from $2,111,656 to $2,240,573.. Total assets have shown some growth from $2,487,594 in 2017 to $37,567,473 in 2018, though this jump requires further investigation.. These findings are derived from AI analysis of the organization's financial filings.
How does Hudson Lutheran Housing Corporation compensate executives?
Executive compensation cannot be assessed as no compensation data was provided in the filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation and the lack of detailed spending, how does Hudson Lutheran Housing Corporation manage its operational expenses and what are the true costs associated with its mission?
Without detailed expense breakdowns beyond 'expenses' (x), it's impossible to determine how operational expenses are managed or what portion directly supports the mission. The 0% compensation figure is highly suspect and suggests that compensation is either not reported or is categorized under other expense lines, obscuring true operational costs.
What caused the dramatic increase in assets from $2,487,594 in 2017 to $37,567,473 in 2018, and how does this relate to the organization's liabilities and overall financial health?
The significant jump in assets from 2017 to 2018 is a critical event that requires further investigation. While assets increased, liabilities also saw a substantial rise from $2,216,574 to $5,335,090 in the same period. This could indicate a major acquisition, a revaluation of existing assets, or a significant new funding source, but without more context, its impact on long-term financial health is unclear, especially given the historical trend of liabilities exceeding assets.
Filing History
IRS 990 filing history for Hudson Lutheran Housing Corporation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Hudson Lutheran Housing Corporation's revenue has grown by 1417.1%, moving from $2.2M to $34.0M. Total assets increased by 1011.6% over the same period, from $3.4M to $37.6M. Total functional expenses rose by 1.2%, from $2.0M to $2.0M. In its most recent filing year (2018), Hudson Lutheran Housing Corporation reported a surplus of $32.0M, with revenue exceeding expenses. The organization holds $5.3M in liabilities against $37.6M in assets (debt-to-asset ratio: 14.2%), resulting in net assets of $32.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $34.0M | $2.0M | $37.6M | $5.3M | — | View 990 |
| 2017 | $2.1M | $2.0M | $2.5M | $2.2M | — | — |
| 2016 | $2.2M | $2.0M | $2.8M | $2.7M | — | View 990 |
| 2015 | $2.2M | $2.0M | $3.0M | $3.0M | — | View 990 |
| 2014 | $2.2M | $2.2M | $3.0M | $3.4M | — | View 990 |
| 2013 | $2.2M | $2.0M | $3.1M | $3.4M | — | View 990 |
| 2012 | $2.2M | $2.0M | $3.3M | $3.8M | — | View 990 |
| 2011 | $2.2M | $2.0M | $3.4M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $34.0M, expenses of $2.0M, and assets of $37.6M (revenue +1509.7% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.0M, and assets of $2.5M (revenue -4.2% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.0M, and assets of $2.8M (revenue -0.4% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.0M, and assets of $3.0M (revenue +1.7% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.2M, and assets of $3.0M (revenue -1.2% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.0M, and assets of $3.1M (revenue -0.3% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.0M, and assets of $3.3M (revenue -1.4% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.0M, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hudson Lutheran Housing Corporation:
Data Sources and Methodology
This transparency report for Hudson Lutheran Housing 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.