Knickerbocker Properties Inc Xliii
Knickerbocker Properties Inc Xliii consistently reports zero expenses despite millions in revenue and assets.
EIN: 201460024 · Boston, MA · NTEE: S470 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Net Assets | $68.8M |
| Transparency Score | 10/100 |
Is Knickerbocker Properties Inc Xliii Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Knickerbocker Properties Inc Xliii
Knickerbocker Properties Inc Xliii (EIN: 201460024) is a nonprofit organization based in Boston, MA, classified under NTEE code S470. The organization reported total revenue of $3.9M and total assets of $69.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Knickerbocker Properties Inc Xliii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Knickerbocker Properties Inc Xliii is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $0 |
| Surplus / Deficit | +$2.8M |
| Total Assets | $69.4M |
| Total Liabilities | $578K |
| Net Assets | $68.8M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 0.8% |
Financial Health Grade: A
In 2023, Knickerbocker Properties Inc Xliii reported a surplus of $2.8M with revenue exceeding expenses, has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Knickerbocker Properties Inc Xliii's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.2% | — | -11.8% |
| 2022 | +24.2% | — | +107.4% |
| 2020 | +-0.0% | — | -3.1% |
| 2019 | -5.8% | — | +11.0% |
| 2018 | +319.4% | — | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Knickerbocker Properties Inc Xliii with a Mission Score of 10 out of 100 (Very Poor). 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, Knickerbocker Properties Inc Xliii allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating no salaries or benefits are paid to officers, which is unusual for an organization of this size and asset base.
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 Knickerbocker Properties Inc Xliii's IRS 990 filings:
- Consistent reporting of $0 expenses despite significant revenue and assets (e.g., $2,750,798 revenue and $69,378,835 assets in 2023).
- Lack of transparency regarding operational costs and program spending.
- Inability to assess spending efficiency or program impact due to missing expense data.
Strengths
The following positive indicators were identified for Knickerbocker Properties Inc Xliii:
- Consistent growth in assets over several periods, from $24,947,064 in 2013 to $69,864,892 currently.
- No reported officer compensation, indicating no direct executive salary burden on the organization.
Frequently Asked Questions about Knickerbocker Properties Inc Xliii
Is Knickerbocker Properties Inc Xliii a legitimate charity?
Based on AI analysis of IRS 990 filings, Knickerbocker Properties Inc Xliii (EIN: 201460024) significant concerns. Mission Score: 10/100. 3 red flags identified, 2 strengths noted.
How does Knickerbocker Properties Inc Xliii spend its money?
Detailed spending breakdown data is not yet available for Knickerbocker Properties Inc Xliii. Check back for updated IRS 990 analysis.
Are donations to Knickerbocker Properties Inc Xliii tax-deductible?
Knickerbocker Properties Inc Xliii is registered as a tax-exempt nonprofit (EIN: 201460024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Knickerbocker Properties Inc Xliii compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Knickerbocker Properties Inc Xliii is below average for NTEE category S470 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Knickerbocker Properties Inc Xliii located?
Knickerbocker Properties Inc Xliii is headquartered in Boston, Massachusetts and files with the IRS under EIN 201460024. It is classified under NTEE code S470.
How many years of IRS 990 filings does Knickerbocker Properties Inc Xliii have?
Knickerbocker Properties Inc Xliii has 12 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 $3.9M in total revenue.
How does Knickerbocker Properties Inc Xliii operate with $0 reported expenses?
The filings consistently show $0 in expenses, which is highly unusual and suggests that either expenses are being reported elsewhere, or the organization's financial reporting is incomplete or inaccurate. This makes it impossible to determine how funds are being utilized for its stated mission.
Is Knickerbocker Properties Inc Xliii a good charity?
Based on the available IRS 990 data, it is not possible to determine if Knickerbocker Properties Inc Xliii is a good charity. The consistent reporting of $0 expenses, despite significant revenue and assets, prevents any meaningful analysis of its financial health, spending efficiency, or program effectiveness.
What is the purpose of Knickerbocker Properties Inc Xliii if it has no expenses?
The NTEE code S470 suggests a focus on Low-Income Housing. However, without any reported expenses, it is unclear how the organization is fulfilling this mission or what activities it undertakes. The financial data does not provide insight into its operational purpose.
Filing History
IRS 990 filing history for Knickerbocker Properties Inc Xliii showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Knickerbocker Properties Inc Xliii's revenue has grown by 35.2%, moving from $2.0M to $2.8M. Total assets increased by 184.1% over the same period, from $24.4M to $69.4M. The organization holds $578K in liabilities against $69.4M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $68.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $0 | $69.4M | $578K | — | View 990 |
| 2022 | $2.4M | $0 | $78.7M | $644K | — | View 990 |
| 2020 | $2.0M | $0 | $37.9M | $428K | — | View 990 |
| 2019 | $2.0M | $0 | $39.1M | $422K | — | View 990 |
| 2018 | $2.1M | $0 | $35.3M | $430K | — | View 990 |
| 2017 | $495K | $0 | $33.2M | $430K | — | View 990 |
| 2016 | $607K | $0 | $31.5M | $774K | — | View 990 |
| 2015 | $1.4M | $0 | $27.1M | $352K | — | View 990 |
| 2014 | $2.0M | $0 | $26.0M | $601K | — | View 990 |
| 2013 | $2.1M | $0 | $24.9M | $477K | — | View 990 |
| 2012 | $2.0M | $0 | $23.9M | $478K | — | View 990 |
| 2011 | $2.0M | $0 | $24.4M | $310K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $0, and assets of $69.4M (revenue +13.2% year-over-year).
- 2022: Revenue of $2.4M, expenses of $0, and assets of $78.7M (revenue +24.2% year-over-year).
- 2020: Revenue of $2.0M, expenses of $0, and assets of $37.9M (revenue +-0.0% year-over-year).
- 2019: Revenue of $2.0M, expenses of $0, and assets of $39.1M (revenue -5.8% year-over-year).
- 2018: Revenue of $2.1M, expenses of $0, and assets of $35.3M (revenue +319.4% year-over-year).
- 2017: Revenue of $495K, expenses of $0, and assets of $33.2M (revenue -18.5% year-over-year).
- 2016: Revenue of $607K, expenses of $0, and assets of $31.5M (revenue -56.8% year-over-year).
- 2015: Revenue of $1.4M, expenses of $0, and assets of $27.1M (revenue -31.2% year-over-year).
- 2014: Revenue of $2.0M, expenses of $0, and assets of $26.0M (revenue -4.3% year-over-year).
- 2013: Revenue of $2.1M, expenses of $0, and assets of $24.9M (revenue +5.7% year-over-year).
- 2012: Revenue of $2.0M, expenses of $0, and assets of $23.9M (revenue -0.8% year-over-year).
- 2011: Revenue of $2.0M, expenses of $0, and assets of $24.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Knickerbocker Properties Inc Xliii:
Data Sources and Methodology
This transparency report for Knickerbocker Properties Inc Xliii 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.