La Casa Nuestra Housing Development Fund Corporation
La Casa Nuestra Housing Development Fund Corporation consistently operates at a deficit with declining assets and high liabilities, despite reporting zero officer compensation.
EIN: 133802313 · New York, NY · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $3.9M |
| Program Spending | 80% |
| Net Assets | $-8,721,275 |
| Transparency Score | 55/100 |
Is La Casa Nuestra Housing Development Fund Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
La Casa Nuestra Housing Development Fund Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About La Casa Nuestra Housing Development Fund Corporation
La Casa Nuestra Housing Development Fund Corporation (EIN: 133802313) is a nonprofit organization based in New York, NY, classified under NTEE code L21. The organization reported total revenue of $3.2M and total assets of $14.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of La Casa Nuestra Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
La Casa Nuestra Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-882,617 |
| Total Assets | $15.0M |
| Total Liabilities | $23.7M |
| Net Assets | $-8,721,275 |
| Operating Margin | -29.6% |
| Debt-to-Asset Ratio | 158.2% |
| Months of Reserves | 46.5 months |
Financial Health Grade: C
In 2023, La Casa Nuestra Housing Development Fund Corporation reported a deficit of $883K with expenses exceeding revenue, holds 46.5 months of operating reserves (strong position), has a debt-to-asset ratio of 158.2% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), La Casa Nuestra Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.4% | -0.6% | -5.9% |
| 2022 | +5.0% | +8.6% | -5.7% |
| 2021 | -4.6% | -4.1% | -0.4% |
| 2020 | +1.0% | +14.4% | -3.2% |
| 2019 | +0.9% | +1.7% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 La Casa Nuestra Housing Development Fund Corporation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, La Casa Nuestra Housing Development Fund Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $883K, with expenses exceeding revenue.
- Debt-to-asset ratio: 158.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through a separate entity, which is unusual for an organization of this size and revenue.
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 La Casa Nuestra Housing Development Fund Corporation's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) over multiple years, indicating potential financial instability.
- High liabilities consistently exceeding assets, resulting in negative net assets, which is a significant financial health concern.
- Declining asset base over the past several years, potentially impacting long-term capacity.
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in the provided data makes a precise efficiency assessment difficult.
Strengths
The following positive indicators were identified for La Casa Nuestra Housing Development Fund Corporation:
- Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.
- Reports 0% officer compensation, suggesting efficient use of funds in executive salaries or a volunteer-led model.
- Long operational history (12 filings provided) indicates established presence in the community.
Frequently Asked Questions about La Casa Nuestra Housing Development Fund Corporation
Is La Casa Nuestra Housing Development Fund Corporation a legitimate charity?
La Casa Nuestra Housing Development Fund Corporation (EIN: 133802313) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 55/100. It has 12 years of IRS 990 filings on record. Total revenue: $3.2M. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does La Casa Nuestra Housing Development Fund Corporation spend its money?
La Casa Nuestra Housing Development Fund Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to La Casa Nuestra Housing Development Fund Corporation tax-deductible?
La Casa Nuestra Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133802313). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of La Casa Nuestra Housing Development Fund Corporation's spending goes to programs?
La Casa Nuestra Housing Development Fund Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does La Casa Nuestra Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), La Casa Nuestra Housing Development Fund Corporation is near average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is La Casa Nuestra Housing Development Fund Corporation located?
La Casa Nuestra Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 133802313. It is classified under NTEE code L21.
How many years of IRS 990 filings does La Casa Nuestra Housing Development Fund Corporation have?
La Casa Nuestra Housing Development Fund Corporation 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 $3.2M in total revenue.
Is La Casa Nuestra Housing Development Fund Corporation financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue for several years (e.g., $3,866,806 expenses vs. $2,984,189 revenue in 2023), leading to operating deficits. This trend, coupled with declining assets and high liabilities, raises significant concerns about its long-term financial sustainability without a change in financial strategy or increased funding.
What is the nature of the high liabilities reported by the organization?
The organization consistently reports liabilities significantly higher than its assets (e.g., $23,702,335 liabilities vs. $14,981,060 assets in 2023). Without further detail from the full 990, it's unclear if these are primarily program-related debts, mortgages on properties, or other financial obligations, but they represent a substantial financial burden.
How does the organization manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be volunteer, or compensated through a related entity not directly reported as officer compensation on the 990, or that the organization has a unique operational model for its leadership structure.
What is the impact of the declining asset base on the organization's mission?
The organization's assets have declined from a peak of over $18 million in 2016 to under $15 million in 2023. This reduction in assets, particularly for a housing development fund, could limit its capacity to acquire, develop, or maintain properties crucial to its mission.
Filing History
IRS 990 filing history for La Casa Nuestra Housing Development Fund Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), La Casa Nuestra Housing Development Fund Corporation's revenue has grown by 70.2%, moving from $1.8M to $3.0M. Total assets increased by 15.5% over the same period, from $13.0M to $15.0M. Total functional expenses rose by 71.6%, from $2.3M to $3.9M. In its most recent filing year (2023), La Casa Nuestra Housing Development Fund Corporation reported a deficit of $883K, with expenses exceeding revenue. The organization holds $23.7M in liabilities against $15.0M in assets (debt-to-asset ratio: 158.2%), resulting in net assets of $-8,721,275.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $3.9M | $15.0M | $23.7M | — | — |
| 2022 | $2.9M | $3.9M | $15.9M | $23.8M | — | View 990 |
| 2021 | $2.7M | $3.6M | $16.9M | $23.8M | — | View 990 |
| 2020 | $2.9M | $3.7M | $17.0M | $23.1M | — | View 990 |
| 2019 | $2.9M | $3.3M | $17.5M | $22.8M | — | View 990 |
| 2018 | $2.8M | $3.2M | $17.7M | $22.6M | — | View 990 |
| 2017 | $2.8M | $2.9M | $18.2M | $22.7M | — | View 990 |
| 2016 | $2.7M | $2.6M | $18.3M | $22.7M | — | View 990 |
| 2015 | $2.3M | $2.5M | $14.3M | $18.2M | — | View 990 |
| 2014 | $2.3M | $2.6M | $14.4M | $18.2M | — | View 990 |
| 2013 | $2.1M | $2.3M | $14.7M | $18.2M | — | View 990 |
| 2012 | $1.8M | $2.3M | $13.0M | $16.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $3.9M, and assets of $15.0M (revenue +3.4% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.9M, and assets of $15.9M (revenue +5.0% year-over-year).
- 2021: Revenue of $2.7M, expenses of $3.6M, and assets of $16.9M (revenue -4.6% year-over-year).
- 2020: Revenue of $2.9M, expenses of $3.7M, and assets of $17.0M (revenue +1.0% year-over-year).
- 2019: Revenue of $2.9M, expenses of $3.3M, and assets of $17.5M (revenue +0.9% year-over-year).
- 2018: Revenue of $2.8M, expenses of $3.2M, and assets of $17.7M (revenue +2.3% year-over-year).
- 2017: Revenue of $2.8M, expenses of $2.9M, and assets of $18.2M (revenue +3.1% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.6M, and assets of $18.3M (revenue +14.3% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.5M, and assets of $14.3M (revenue +4.1% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.6M, and assets of $14.4M (revenue +8.8% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.3M, and assets of $14.7M (revenue +18.3% year-over-year).
- 2012: Revenue of $1.8M, expenses of $2.3M, and assets of $13.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for La Casa Nuestra Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for La Casa Nuestra Housing Development Fund 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.