Knickerbocker Properties Inc Xxxiii
Knickerbocker Properties Inc Xxxiii consistently reports zero expenses despite significant revenue and asset growth.
EIN: 141799485 · New York, NY · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.6M |
| CEO/Top Officer Pay | $1 |
| Net Assets | $829.1M |
| Transparency Score | 10/100 |
Is Knickerbocker Properties Inc Xxxiii 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 Xxxiii
Knickerbocker Properties Inc Xxxiii (EIN: 141799485) is a nonprofit organization based in New York, NY, classified under NTEE code S47. The organization reported total revenue of $13.6M and total assets of $1.1B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Knickerbocker Properties Inc Xxxiii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Knickerbocker Properties Inc Xxxiii is a large nonprofit that has been operating for 25 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $32.1M |
| Total Expenses | $0 |
| Surplus / Deficit | +$32.1M |
| Total Assets | $1.1B |
| Total Liabilities | $249.9M |
| Net Assets | $829.1M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 23.2% |
Financial Health Grade: A
In 2019, Knickerbocker Properties Inc Xxxiii reported a surplus of $32.1M with revenue exceeding expenses, has a debt-to-asset ratio of 23.2% (moderate leverage).
Financial Trends
Over 9 years of filings (2011–2019), Knickerbocker Properties Inc Xxxiii's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +46.1% | — | +16.1% |
| 2018 | -3.1% | — | +11.1% |
| 2017 | +22.9% | — | +3.9% |
| 2016 | -2.5% | — | +5.5% |
| 2015 | +18.4% | — | +21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Xxxiii 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 Xxxiii allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 23.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, which is unusual for an organization managing over $1 billion in assets and generating millions in revenue, suggesting compensation may be reported elsewhere or handled in a non-standard manner.
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 Xxxiii's IRS 990 filings:
- Consistent reporting of $0 expenses across all filings, making financial analysis impossible.
- Lack of transparency regarding how significant revenue and assets are utilized.
- Unclear operational model given the NTEE code and zero reported expenses.
Strengths
The following positive indicators were identified for Knickerbocker Properties Inc Xxxiii:
- Significant and consistent growth in assets, from $477 million in 2011 to over $1.1 billion in 2019.
- Consistent revenue generation over many years, indicating financial stability in terms of income.
Frequently Asked Questions about Knickerbocker Properties Inc Xxxiii
Is Knickerbocker Properties Inc Xxxiii a legitimate charity?
Knickerbocker Properties Inc Xxxiii (EIN: 141799485) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 10/100. It has 9 years of IRS 990 filings on record. Total revenue: $13.6M. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Knickerbocker Properties Inc Xxxiii spend its money?
Knickerbocker Properties Inc Xxxiii reported $13.6M in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Knickerbocker Properties Inc Xxxiii tax-deductible?
Knickerbocker Properties Inc Xxxiii is registered as a tax-exempt nonprofit (EIN: 141799485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Knickerbocker Properties Inc Xxxiii CEO make?
Knickerbocker Properties Inc Xxxiii's highest-compensated officer earns $1 annually. The organization reported $13.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Knickerbocker Properties Inc Xxxiii compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Knickerbocker Properties Inc Xxxiii is below average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Knickerbocker Properties Inc Xxxiii located?
Knickerbocker Properties Inc Xxxiii is headquartered in New York, New York and files with the IRS under EIN 141799485. It is classified under NTEE code S47.
How many years of IRS 990 filings does Knickerbocker Properties Inc Xxxiii have?
Knickerbocker Properties Inc Xxxiii has 9 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 $13.6M in total revenue.
Why does Knickerbocker Properties Inc Xxxiii report zero expenses across all its IRS 990 filings?
The filings consistently show $0 in expenses, which is highly unusual for an organization with significant revenue and assets. This could indicate a specific organizational structure, such as being a holding company or a pass-through entity where expenses are reported by related entities, or it could be an anomaly in reporting.
How does Knickerbocker Properties Inc Xxxiii utilize its revenue if no expenses are reported?
Without reported expenses, it's impossible to determine how revenue is being used. The consistent growth in assets suggests that revenue is being retained and potentially reinvested, but the specific allocation to programs, administration, or other activities is not disclosed.
Is Knickerbocker Properties Inc Xxxiii a good charity given its financial reporting?
Due to the complete lack of expense reporting, it is impossible to assess the organization's efficiency, program spending, or overall financial health in a conventional sense. This makes it very difficult to determine if it is a 'good charity' based on standard financial metrics.
Filing History
IRS 990 filing history for Knickerbocker Properties Inc Xxxiii showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Knickerbocker Properties Inc Xxxiii's revenue has grown by 200.1%, moving from $10.7M to $32.1M. Total assets increased by 126.1% over the same period, from $477.3M to $1.1B. The organization holds $249.9M in liabilities against $1.1B in assets (debt-to-asset ratio: 23.2%), resulting in net assets of $829.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $32.1M | $0 | $1.1B | $249.9M | — | View 990 |
| 2018 | $22.0M | $0 | $929.1M | $248.5M | — | View 990 |
| 2017 | $22.7M | $0 | $836.1M | $246.2M | — | View 990 |
| 2016 | $18.5M | $0 | $804.7M | $250.7M | — | View 990 |
| 2015 | $19.0M | $0 | $762.6M | $251.5M | — | View 990 |
| 2014 | $16.0M | $0 | $626.2M | $183.5M | — | View 990 |
| 2013 | $16.1M | $0 | $555.3M | $181.3M | — | View 990 |
| 2012 | $8.5M | $0 | $523.0M | $184.7M | — | View 990 |
| 2011 | $10.7M | $0 | $477.3M | $180.8M | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $32.1M, expenses of $0, and assets of $1.1B (revenue +46.1% year-over-year).
- 2018: Revenue of $22.0M, expenses of $0, and assets of $929.1M (revenue -3.1% year-over-year).
- 2017: Revenue of $22.7M, expenses of $0, and assets of $836.1M (revenue +22.9% year-over-year).
- 2016: Revenue of $18.5M, expenses of $0, and assets of $804.7M (revenue -2.5% year-over-year).
- 2015: Revenue of $19.0M, expenses of $0, and assets of $762.6M (revenue +18.4% year-over-year).
- 2014: Revenue of $16.0M, expenses of $0, and assets of $626.2M (revenue -0.4% year-over-year).
- 2013: Revenue of $16.1M, expenses of $0, and assets of $555.3M (revenue +89.8% year-over-year).
- 2012: Revenue of $8.5M, expenses of $0, and assets of $523.0M (revenue -20.9% year-over-year).
- 2011: Revenue of $10.7M, expenses of $0, and assets of $477.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Knickerbocker Properties Inc Xxxiii:
Data Sources and Methodology
This transparency report for Knickerbocker Properties Inc Xxxiii 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.