Knickerbocker Properties Inc Xxxviii
Knickerbocker Properties Inc Xxxviii consistently reports zero expenses despite millions in revenue, obscuring financial operations.
EIN: 134198844 · New York, NY · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.4M |
| Net Assets | $88.0M |
| Transparency Score | 10/100 |
Is Knickerbocker Properties Inc Xxxviii 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 Xxxviii
Knickerbocker Properties Inc Xxxviii (EIN: 134198844) is a nonprofit organization based in New York, NY, classified under NTEE code S47. The organization reported total revenue of $11.4M and total assets of $120.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Knickerbocker Properties Inc Xxxviii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Knickerbocker Properties Inc Xxxviii is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $0 |
| Surplus / Deficit | +$5.1M |
| Total Assets | $147.6M |
| Total Liabilities | $59.5M |
| Net Assets | $88.0M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 40.3% |
Financial Health Grade: A
In 2023, Knickerbocker Properties Inc Xxxviii reported a surplus of $5.1M with revenue exceeding expenses, has a debt-to-asset ratio of 40.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Knickerbocker Properties Inc Xxxviii's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.2% | — | -6.2% |
| 2022 | +8.6% | — | +23.3% |
| 2021 | -6.6% | — | +5.7% |
| 2020 | -5.8% | — | -2.0% |
| 2019 | +1.8% | — | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Xxxviii 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 Xxxviii 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: 40.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which, in conjunction with zero reported expenses, suggests either no paid executives or that compensation is handled through an unreported mechanism, further complicating financial analysis.
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 Xxxviii's IRS 990 filings:
- Consistent reporting of zero expenses despite significant revenue and assets.
- Inability to assess program spending or operational efficiency due to lack of expense data.
- Unclear operational model given the absence of reported expenditures.
- Lack of transparency regarding how funds are utilized.
Strengths
The following positive indicators were identified for Knickerbocker Properties Inc Xxxviii:
- Consistent revenue generation over multiple years (e.g., $5.1M in 2023, $5.3M in 2022).
- Significant and growing asset base, increasing from $79M in 2014 to $147M in 2023.
- Reported 0% officer compensation, indicating no direct executive salaries from the organization's reported funds.
Frequently Asked Questions about Knickerbocker Properties Inc Xxxviii
Is Knickerbocker Properties Inc Xxxviii a legitimate charity?
Knickerbocker Properties Inc Xxxviii (EIN: 134198844) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 10/100. It has 13 years of IRS 990 filings on record. Total revenue: $11.4M. 4 red flags identified. 3 strengths noted. Financial health grade: A.
How does Knickerbocker Properties Inc Xxxviii spend its money?
Knickerbocker Properties Inc Xxxviii reported $11.4M in total revenue in IRS 990 filings. 13 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 Xxxviii tax-deductible?
Knickerbocker Properties Inc Xxxviii is registered as a tax-exempt nonprofit (EIN: 134198844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Knickerbocker Properties Inc Xxxviii compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Knickerbocker Properties Inc Xxxviii 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 Xxxviii located?
Knickerbocker Properties Inc Xxxviii is headquartered in New York, New York and files with the IRS under EIN 134198844. It is classified under NTEE code S47.
How many years of IRS 990 filings does Knickerbocker Properties Inc Xxxviii have?
Knickerbocker Properties Inc Xxxviii 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 $11.4M in total revenue.
Why does Knickerbocker Properties Inc Xxxviii consistently report zero expenses on its IRS 990 filings?
The filings consistently show $0 in expenses, which is highly unusual for an organization with millions in revenue and growing assets. This suggests that either expenses are being reported elsewhere, the organization's activities are structured in a way that avoids direct expenses, or there's a significant reporting anomaly.
How does Knickerbocker Properties Inc Xxxviii operate without any reported expenses?
Without reported expenses, it's unclear how the organization covers operational costs, conducts any programs, or manages its significant assets. This lack of detail prevents any assessment of its operational model.
What are the actual charitable activities or programs conducted by Knickerbocker Properties Inc Xxxviii?
Given the NTEE code S47 (Housing Development, Construction & Management), one would expect significant program-related expenses. However, with zero reported expenses, there is no financial evidence in the 990s to demonstrate direct program spending or impact.
Is Knickerbocker Properties Inc Xxxviii a good charity?
Based solely on the provided IRS 990 data, it is impossible to determine if Knickerbocker Properties Inc Xxxviii is a 'good charity' due to the complete absence of reported expenses, which makes assessing financial health, efficiency, and program impact impossible.
Filing History
IRS 990 filing history for Knickerbocker Properties Inc Xxxviii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Knickerbocker Properties Inc Xxxviii's revenue has grown by 133%, moving from $2.2M to $5.1M. Total assets increased by 132.8% over the same period, from $63.4M to $147.6M. The organization holds $59.5M in liabilities against $147.6M in assets (debt-to-asset ratio: 40.3%), resulting in net assets of $88.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $0 | $147.6M | $59.5M | — | View 990 |
| 2022 | $5.3M | $0 | $157.4M | $57.4M | — | View 990 |
| 2021 | $4.9M | $0 | $127.6M | $46.1M | — | — |
| 2020 | $5.2M | $0 | $120.7M | $46.5M | — | — |
| 2019 | $5.5M | $0 | $123.2M | $30.7M | — | View 990 |
| 2018 | $5.4M | $0 | $114.5M | $29.2M | — | View 990 |
| 2017 | $4.8M | $0 | $106.1M | $29.8M | — | View 990 |
| 2016 | $4.3M | $0 | $101.5M | $30.3M | — | View 990 |
| 2015 | $4.1M | $0 | $87.1M | $29.1M | — | View 990 |
| 2014 | $3.6M | $0 | $79.1M | $29.0M | — | View 990 |
| 2013 | $3.0M | $0 | $73.0M | $27.1M | — | View 990 |
| 2012 | $2.3M | $0 | $67.4M | $30.5M | — | View 990 |
| 2011 | $2.2M | $0 | $63.4M | $31.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $0, and assets of $147.6M (revenue -3.2% year-over-year).
- 2022: Revenue of $5.3M, expenses of $0, and assets of $157.4M (revenue +8.6% year-over-year).
- 2021: Revenue of $4.9M, expenses of $0, and assets of $127.6M (revenue -6.6% year-over-year).
- 2020: Revenue of $5.2M, expenses of $0, and assets of $120.7M (revenue -5.8% year-over-year).
- 2019: Revenue of $5.5M, expenses of $0, and assets of $123.2M (revenue +1.8% year-over-year).
- 2018: Revenue of $5.4M, expenses of $0, and assets of $114.5M (revenue +13.8% year-over-year).
- 2017: Revenue of $4.8M, expenses of $0, and assets of $106.1M (revenue +11.1% year-over-year).
- 2016: Revenue of $4.3M, expenses of $0, and assets of $101.5M (revenue +6.2% year-over-year).
- 2015: Revenue of $4.1M, expenses of $0, and assets of $87.1M (revenue +12.0% year-over-year).
- 2014: Revenue of $3.6M, expenses of $0, and assets of $79.1M (revenue +22.5% year-over-year).
- 2013: Revenue of $3.0M, expenses of $0, and assets of $73.0M (revenue +25.7% year-over-year).
- 2012: Revenue of $2.3M, expenses of $0, and assets of $67.4M (revenue +6.7% year-over-year).
- 2011: Revenue of $2.2M, expenses of $0, and assets of $63.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Knickerbocker Properties Inc Xxxviii:
Data Sources and Methodology
This transparency report for Knickerbocker Properties Inc Xxxviii 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.