Lower West Side Household Services Corp
Lower West Side Household Services Corp faces recurring deficits and declining assets despite consistent multi-million dollar revenue.
EIN: 132781763 · Bronx, NY · NTEE: P44Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| Net Assets | $-11,552 |
| Transparency Score | 65/100 |
Is Lower West Side Household Services Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lower West Side Household Services Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lower West Side Household Services Corp
Lower West Side Household Services Corp (EIN: 132781763) is a nonprofit organization based in Bronx, NY, classified under NTEE code P44Z. The organization reported total revenue of $2.1M and total assets of $240K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lower West Side Household Services Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lower West Side Household Services Corp is a mid-size nonprofit that has been operating for 51 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-68,348 |
| Total Assets | $254K |
| Total Liabilities | $266K |
| Net Assets | $-11,552 |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 104.5% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2023, Lower West Side Household Services Corp reported a deficit of $68K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 104.5% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Lower West Side Household Services Corp's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.7% | +5.1% | -37.0% |
| 2022 | +0.5% | -0.2% | -6.2% |
| 2021 | +17.8% | +3.1% | -27.5% |
| 2020 | -23.4% | -25.6% | +77.1% |
| 2019 | -12.2% | -6.9% | -31.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
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 Lower West Side Household Services Corp with a Mission Score of 65 out of 100 (Good). 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, Lower West Side Household Services Corp 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 $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 104.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a strong positive for minimizing overhead relative to its multi-million dollar 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 Lower West Side Household Services Corp's IRS 990 filings:
- Recurring annual deficits (e.g., 2023, 2020, 2019, 2018, 2016, 2014) where expenses exceeded revenue.
- Significant decline in assets from $661,907 in 2016 to $254,246 in 2023.
- Liabilities sometimes exceeding assets (e.g., 2023: $265,798 liabilities vs. $254,246 assets; 2021: $681,293 liabilities vs. $429,941 assets).
Strengths
The following positive indicators were identified for Lower West Side Household Services Corp:
- Consistent filing of IRS Form 990s over 12 periods, demonstrating transparency.
- Reported 0% officer compensation across all available filings, indicating low executive overhead.
- Long operational history with consistent multi-million dollar revenue, suggesting established programs and funding streams.
Frequently Asked Questions about Lower West Side Household Services Corp
Is Lower West Side Household Services Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Lower West Side Household Services Corp (EIN: 132781763) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Lower West Side Household Services Corp spend its money?
Lower West Side Household Services Corp directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lower West Side Household Services Corp tax-deductible?
Lower West Side Household Services Corp is registered as a tax-exempt nonprofit (EIN: 132781763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lower West Side Household Services Corp's spending goes to programs?
Lower West Side Household Services Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lower West Side Household Services Corp compare to similar nonprofits?
With a transparency score of 65/100 (Good), Lower West Side Household Services Corp is above average for NTEE category P44Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lower West Side Household Services Corp located?
Lower West Side Household Services Corp is headquartered in Bronx, New York and files with the IRS under EIN 132781763. It is classified under NTEE code P44Z.
How many years of IRS 990 filings does Lower West Side Household Services Corp have?
Lower West Side Household Services Corp 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 $2.1M in total revenue.
Is Lower West Side Household Services Corp financially sustainable given recent deficits?
The organization has reported expenses exceeding revenue in multiple recent years (e.g., 2023, 2020, 2019), and its assets have significantly declined from $661,907 in 2016 to $254,246 in 2023, raising concerns about long-term financial sustainability without a change in trend.
How does the organization cover its deficits?
Without more detailed financial statements, it's unclear how the organization covers its deficits. It could be drawing down reserves, increasing liabilities, or receiving unrestricted grants not fully reflected in the provided revenue figures.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not include a detailed breakdown of program, administrative, and fundraising expenses, which is crucial for a complete assessment of spending efficiency. This information would typically be found in Part IX of the IRS Form 990.
Filing History
IRS 990 filing history for Lower West Side Household Services Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Lower West Side Household Services Corp's revenue has declined by 37%, moving from $3.6M to $2.3M. Total assets decreased by 64.2% over the same period, from $711K to $254K. Total functional expenses fell by 37.5%, from $3.7M to $2.3M. In its most recent filing year (2023), Lower West Side Household Services Corp reported a deficit of $68K, with expenses exceeding revenue. The organization holds $266K in liabilities against $254K in assets (debt-to-asset ratio: 104.5%), resulting in net assets of $-11,552.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.3M | $254K | $266K | — | View 990 |
| 2022 | $2.4M | $2.2M | $403K | $288K | — | View 990 |
| 2021 | $2.3M | $2.2M | $430K | $681K | — | View 990 |
| 2020 | $2.0M | $2.2M | $593K | $904K | — | View 990 |
| 2019 | $2.6M | $2.9M | $335K | $545K | — | View 990 |
| 2018 | $3.0M | $3.1M | $487K | $451K | — | — |
| 2017 | $3.4M | $3.4M | $546K | $295K | — | View 990 |
| 2016 | $3.4M | $3.5M | $662K | $485K | — | View 990 |
| 2015 | $3.3M | $3.1M | $430K | $209K | — | View 990 |
| 2014 | $2.9M | $3.0M | $405K | $451K | — | View 990 |
| 2013 | $3.5M | $3.5M | $406K | $497K | — | View 990 |
| 2012 | $3.6M | $3.7M | $711K | $817K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.3M, and assets of $254K (revenue -3.7% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.2M, and assets of $403K (revenue +0.5% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.2M, and assets of $430K (revenue +17.8% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.2M, and assets of $593K (revenue -23.4% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.9M, and assets of $335K (revenue -12.2% year-over-year).
- 2018: Revenue of $3.0M, expenses of $3.1M, and assets of $487K (revenue -14.2% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.4M, and assets of $546K (revenue -0.1% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.5M, and assets of $662K (revenue +3.1% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.1M, and assets of $430K (revenue +13.5% year-over-year).
- 2014: Revenue of $2.9M, expenses of $3.0M, and assets of $405K (revenue -14.8% year-over-year).
- 2013: Revenue of $3.5M, expenses of $3.5M, and assets of $406K (revenue -4.0% year-over-year).
- 2012: Revenue of $3.6M, expenses of $3.7M, and assets of $711K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lower West Side Household Services Corp:
Data Sources and Methodology
This transparency report for Lower West Side Household Services 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.