Laurel Homes Housing Development Fund Corp
Laurel Homes Housing Development Fund Corp reports millions in revenue with zero expenses, assets, or liabilities in latest filing.
EIN: 113463946 · Great Neck, NY · NTEE: L21 · Updated: 2026-03-28
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Laurel Homes Housing Development Fund Corp is mapped to EIN 113463946.
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9 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| CEO/Top Officer Pay | $2,580,315 |
| Transparency Score | 10/100 |
Search Intent Cockpit
Laurel Homes Housing Development Fund Corp Form 990, Revenue, CEO Pay, and IRS Filing Signals
Laurel Homes Housing Development Fund Corp is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Laurel Homes Housing Development Fund Corp in one place.
Form 990 Filing Summary
9 filing years are available, with latest revenue of $2.6M and expenses of $0.
Revenue and Expenses
Revenue, expense, and surplus data is shown where available from IRS 990 records.
Executive Compensation
Top officer compensation appears as $2,580,315 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
10/100 mission score, 5 red flags, and 1 strength are shown from structured and AI review.
Is Laurel Homes Housing Development Fund Corp Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Laurel Homes Housing Development Fund Corp shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 5 red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade A | 9 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Category L context |
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Great Neck, NY nonprofitsCategory L in New York
Human Services in New York
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About Laurel Homes Housing Development Fund Corp
Laurel Homes Housing Development Fund Corp (EIN: 113463946) is a nonprofit organization based in Great Neck, NY, classified under NTEE code L21. The organization reported total revenue of $2.6M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laurel Homes Housing Development Fund Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laurel Homes Housing Development Fund Corp is a mid-size nonprofit that has been operating for 27 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 369.1%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $0 |
| Surplus / Deficit | +$2.6M |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 100.0% |
Financial Health Grade: A
In 2019, Laurel Homes Housing Development Fund Corp reported a surplus of $2.6M with revenue exceeding expenses.
Financial Trends
Over 9 years of filings (2011–2019), Laurel Homes Housing Development Fund Corp's revenue has grown at a compound annual growth rate (CAGR) of 369.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +13268.8% | — | -100.0% |
| 2018 | +1341.4% | — | +0.0% |
| 2017 | -96.1% | — | +0.0% |
| 2016 | -56.7% | — | -100.0% |
| 2015 | +1573140.0% | -100.0% | +218644.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Laurel Homes Housing Development Fund Corp 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, Laurel Homes Housing Development Fund Corp allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating no salaries or other compensation paid to officers, directors, trustees, or key employees. This is unusual for an organization with significant revenue, such as the $2,580,315 reported in 2019.
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 Laurel Homes Housing Development Fund Corp's IRS 990 filings:
- Consistent reporting of $0 expenses across all filings, despite significant revenue (e.g., $2,580,315 in 2019).
- Reporting $0 assets and $0 liabilities in the latest filing (2019) after reporting assets and substantial liabilities in prior years (e.g., $631,715 in liabilities in 2018).
- Inability to assess spending efficiency due to lack of reported expenses.
- Lack of transparency in financial operations due to incomplete and inconsistent reporting.
- Significant revenue reported without any corresponding operational costs or program expenditures.
Strengths
The following positive indicators were identified for Laurel Homes Housing Development Fund Corp:
- Consistently reports 0% officer compensation, indicating no direct financial benefit to executives from the organization's funds.
Frequently Asked Questions about Laurel Homes Housing Development Fund Corp
Is Laurel Homes Housing Development Fund Corp a legitimate charity?
Laurel Homes Housing Development Fund Corp (EIN: 113463946) 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: $2.6M. 5 red flags identified. 1 strength noted. Financial health grade: A.
How does Laurel Homes Housing Development Fund Corp spend its money?
Laurel Homes Housing Development Fund Corp reported $2.6M 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 Laurel Homes Housing Development Fund Corp tax-deductible?
Laurel Homes Housing Development Fund Corp is registered as a tax-exempt nonprofit (EIN: 113463946). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Laurel Homes Housing Development Fund Corp CEO make?
Laurel Homes Housing Development Fund Corp's highest-compensated officer earns $2,580,315 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Laurel Homes Housing Development Fund Corp compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Laurel Homes Housing Development Fund Corp is below average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laurel Homes Housing Development Fund Corp located?
Laurel Homes Housing Development Fund Corp is headquartered in Great Neck, New York and files with the IRS under EIN 113463946. It is classified under NTEE code L21.
How many years of IRS 990 filings does Laurel Homes Housing Development Fund Corp have?
Laurel Homes Housing Development Fund Corp 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 $2.6M in total revenue.
Why does Laurel Homes Housing Development Fund Corp consistently report $0 in expenses across all filings, including the latest with over $2.5 million in revenue?
The IRS 990 data consistently shows $0 in expenses, which is highly unusual for an organization reporting revenue. This could indicate a specific financial structure, such as acting as a pass-through entity, or significant reporting errors. Without further clarification from the organization, it's impossible to determine how funds are being used.
What happened to the liabilities and assets that were reported in previous years, given the latest filing shows $0 for both?
In 2018, the organization reported $100 in assets and $631,715 in liabilities, but the 2019 filing shows $0 for both. This drastic change without any reported expenses or corresponding financial activity is a significant discrepancy that requires explanation.
How does Laurel Homes Housing Development Fund Corp operate without any reported expenses?
The consistent reporting of $0 expenses across all filings, despite varying revenue figures, makes it impossible to understand the operational model. It suggests either a highly unusual operational structure where all costs are borne by another entity, or a fundamental issue with financial reporting.
Is the reported revenue of $2,580,315 in 2019 actually being used for its housing development mission?
Given the $0 reported expenses, it is impossible to verify if the revenue is being applied to the organization's stated mission. The financial data does not provide any evidence of program spending or operational costs.
Filing History
IRS 990 filing history for Laurel Homes Housing Development Fund Corp showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Laurel Homes Housing Development Fund Corp's revenue has grown by 23457309.1%, moving from $11 to $2.6M. Total assets decreased by 100% over the same period, from $100 to $0. Total functional expenses fell by 100%, from $2K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $2.6M | $0 | $0 | $0 | — | View 990 |
| 2018 | $19K | $0 | $100 | $632K | — | View 990 |
| 2017 | $1K | $0 | $100 | $330K | — | View 990 |
| 2016 | $34K | $0 | $100 | $24K | — | View 990 |
| 2015 | $79K | $0 | $225K | $962 | — | View 990 |
| 2014 | $5 | $147 | $103 | $36K | — | View 990 |
| 2013 | $6 | $2K | $100 | $36K | — | View 990 |
| 2012 | $11 | $3K | $100 | $34K | — | View 990 |
| 2011 | $11 | $2K | $100 | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $2.6M, expenses of $0, and assets of $0 (revenue +13268.8% year-over-year).
- 2018: Revenue of $19K, expenses of $0, and assets of $100 (revenue +1341.4% year-over-year).
- 2017: Revenue of $1K, expenses of $0, and assets of $100 (revenue -96.1% year-over-year).
- 2016: Revenue of $34K, expenses of $0, and assets of $100 (revenue -56.7% year-over-year).
- 2015: Revenue of $79K, expenses of $0, and assets of $225K (revenue +1573140.0% year-over-year).
- 2014: Revenue of $5, expenses of $147, and assets of $103 (revenue -16.7% year-over-year).
- 2013: Revenue of $6, expenses of $2K, and assets of $100 (revenue -45.5% year-over-year).
- 2012: Revenue of $11, expenses of $3K, and assets of $100 (revenue +0.0% year-over-year).
- 2011: Revenue of $11, expenses of $2K, and assets of $100.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laurel Homes Housing Development Fund Corp:
Data Sources and Methodology
This transparency report for Laurel Homes Housing Development Fund Corp 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.