Icny Land Owner Corporation

Icny Land Owner Corporation consistently generates surpluses and grows assets with no reported officer compensation.

EIN: 161682810 · New York City, NY · NTEE: X112 · Updated: 2026-03-28

$3.7MRevenue

$38.0MAssets

90/100Mission Score (Excellent)

X112

About Icny Land Owner Corporation

Icny Land Owner Corporation (EIN: 161682810) is a nonprofit organization based in New York City, NY, classified under NTEE code X112. The organization reported total revenue of $3.7M and total assets of $38.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Icny Land Owner Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Icny Land Owner Corporation demonstrates consistent financial growth and stability over the past decade, with assets steadily increasing from $30.9 million in 2014 to $37.4 million in 2023. The organization consistently operates with a surplus, as evidenced by revenues generally exceeding expenses across all reported periods. For instance, in 2023, revenue was $3,023,692 against expenses of $2,161,834, indicating a healthy financial margin. The absence of reported officer compensation across all filings suggests a volunteer-led or externally managed executive structure, which can be a positive indicator for resource allocation directly to mission-related activities.

The organization's spending efficiency appears strong, given the consistent surpluses and asset growth. While a detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the summary data, the overall financial health suggests effective management of resources. The NTEE code X112 (Housing Development, Construction & Management) implies that a significant portion of expenses would likely be tied to property management and development, which are direct program costs. The consistent growth in assets, particularly in real estate-focused organizations, often reflects successful program delivery and asset stewardship.

Transparency regarding executive compensation is high, as zero officer compensation is reported across all filings. However, without a detailed functional expense breakdown (program, admin, fundraising), it's challenging to fully assess spending efficiency ratios. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to regulatory compliance and public disclosure, contributing positively to overall transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Icny Land Owner 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: 85%
fundraising: 5%

According to IRS 990 filings, Icny Land Owner 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this asset size ($37.4 million in 2023) and revenue ($3.0 million in 2023). This suggests either a fully volunteer executive leadership or that executive services are provided by a related entity or through other non-compensatory means.

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 Icny Land Owner Corporation's IRS 990 filings:

Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
Zero reported officer compensation for an organization of this size is unusual and warrants further investigation into how executive leadership is resourced.

Strengths

The following positive indicators were identified for Icny Land Owner Corporation:

Consistent financial surpluses, demonstrating strong financial management (e.g., $861,858 surplus in 2023).
Steady growth in assets over the past decade, from $30.9 million in 2014 to $37.4 million in 2023.
No reported officer compensation, suggesting resources are not diverted to high executive salaries.
Consistent IRS 990 filing history (13 filings), indicating good regulatory compliance and transparency.
Liabilities are decreasing relative to assets, improving the organization's overall financial position.

Frequently Asked Questions about Icny Land Owner Corporation

Is Icny Land Owner Corporation financially stable?

Yes, the organization appears very financially stable, consistently generating surpluses (e.g., $861,858 in 2023) and growing its assets from $30.9 million in 2014 to $37.4 million in 2023.

How does Icny Land Owner Corporation manage its executive leadership costs?

The organization reports 0% officer compensation across all filings, suggesting that executive leadership is either entirely volunteer-based or compensated through an unstated mechanism, such as a related entity or pro bono services.

What is the trend in the organization's revenue and expenses?

Both revenue and expenses have generally trended upwards over the past decade, with revenue consistently exceeding expenses, leading to healthy surpluses. For example, revenue increased from $2,367,731 in 2014 to $3,023,692 in 2023.

Does the organization have significant liabilities?

Yes, the organization consistently reports significant liabilities, ranging from $15.4 million in 2014 to $13.8 million in 2023. While substantial, these liabilities have been decreasing relative to growing assets, indicating sound financial management.

Filing History

IRS 990 filing history for Icny Land Owner Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Icny Land Owner Corporation's revenue has grown by 113.2%, moving from $1.4M to $3.0M. Total assets increased by 42.4% over the same period, from $26.3M to $37.5M. Total functional expenses rose by 433%, from $406K to $2.2M. In its most recent filing year (2023), Icny Land Owner Corporation reported a surplus of $862K, with revenue exceeding expenses. The organization holds $13.8M in liabilities against $37.5M in assets (debt-to-asset ratio: 36.9%), resulting in net assets of $23.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.0M	$2.2M	$37.5M	$13.8M	—	View 990
2022	$2.2M	$1.8M	$36.8M	$14.0M	—	—
2021	$2.3M	$1.7M	$36.5M	$14.2M	—	View 990
2020	$1.7M	$945K	$36.1M	$14.3M	—	View 990
2019	$3.2M	$1.9M	$35.5M	$14.5M	—	View 990
2018	$3.3M	$2.0M	$34.4M	$14.7M	—	View 990
2017	$2.9M	$1.6M	$33.3M	$14.9M	—	View 990
2016	$2.4M	$1.8M	$32.1M	$15.1M	—	View 990
2015	$2.0M	$992K	$31.7M	$15.2M	—	View 990
2014	$2.4M	$643K	$31.0M	$15.4M	—	View 990
2013	$4.1M	$504K	$29.4M	$15.6M	—	View 990
2012	$1.6M	$1.8M	$25.9M	$15.7M	—	View 990
2011	$1.4M	$406K	$26.3M	$15.9M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.0M, expenses of $2.2M, and assets of $37.5M (revenue +36.7% year-over-year).
2022: Revenue of $2.2M, expenses of $1.8M, and assets of $36.8M (revenue -2.4% year-over-year).
2021: Revenue of $2.3M, expenses of $1.7M, and assets of $36.5M (revenue +33.2% year-over-year).
2020: Revenue of $1.7M, expenses of $945K, and assets of $36.1M (revenue -47.3% year-over-year).
2019: Revenue of $3.2M, expenses of $1.9M, and assets of $35.5M (revenue -3.2% year-over-year).
2018: Revenue of $3.3M, expenses of $2.0M, and assets of $34.4M (revenue +15.5% year-over-year).
2017: Revenue of $2.9M, expenses of $1.6M, and assets of $33.3M (revenue +18.8% year-over-year).
2016: Revenue of $2.4M, expenses of $1.8M, and assets of $32.1M (revenue +18.8% year-over-year).
2015: Revenue of $2.0M, expenses of $992K, and assets of $31.7M (revenue -13.6% year-over-year).
2014: Revenue of $2.4M, expenses of $643K, and assets of $31.0M (revenue -42.9% year-over-year).
2013: Revenue of $4.1M, expenses of $504K, and assets of $29.4M (revenue +160.8% year-over-year).
2012: Revenue of $1.6M, expenses of $1.8M, and assets of $25.9M (revenue +12.0% year-over-year).
2011: Revenue of $1.4M, expenses of $406K, and assets of $26.3M.

Data Sources and Methodology

This transparency report for Icny Land Owner 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.