M B D Community Housing Corporation
M B D Community Housing Corporation consistently generates revenue exceeding expenses, leading to substantial asset growth.
EIN: 133023179 · Bronx, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $2.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $28 |
| Net Assets | $27.0M |
| Transparency Score | 85/100 |
Is M B D Community Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
M B D Community Housing Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About M B D Community Housing Corporation
M B D Community Housing Corporation (EIN: 133023179) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $5.6M and total assets of $31.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of M B D Community Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
M B D Community Housing Corporation is a mid-size nonprofit that has been operating for 46 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 19.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$2.7M |
| Total Assets | $28.1M |
| Total Liabilities | $1.1M |
| Net Assets | $27.0M |
| Operating Margin | 53.5% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 141.6 months |
Financial Health Grade: A
In 2023, M B D Community Housing Corporation reported a surplus of $2.7M with revenue exceeding expenses, holds 141.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), M B D Community Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 19.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.2% | -1.2% | +14.5% |
| 2022 | -47.8% | -13.6% | +30.6% |
| 2021 | +306.0% | -38.9% | +31.4% |
| 2020 | -50.4% | -7.9% | -19.1% |
| 2019 | -4.1% | +31.6% | +68.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1980 |
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 M B D Community Housing Corporation with a Mission Score of 85 out of 100 (Excellent). 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, M B D Community Housing 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 surplus of $2.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with assets exceeding $28 million and annual revenues over $5 million. This could indicate a volunteer-led executive team or that compensation is reported under different expense categories, requiring further clarification for full transparency.
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 M B D Community Housing Corporation's IRS 990 filings:
- Consistent 0% reported officer compensation for an organization of this size, which is highly unusual and may obscure actual executive remuneration.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a precise assessment of spending efficiency.
- Significant fluctuation in liabilities, particularly the sharp increase in 2020 and 2021, which requires further explanation.
Strengths
The following positive indicators were identified for M B D Community Housing Corporation:
- Strong financial health with consistent revenue generation exceeding expenses, leading to substantial surpluses.
- Significant and consistent growth in assets, from $5.4 million in 2014 to over $28 million in 2023, indicating effective financial management and capacity building.
- Low overall expense ratio relative to revenue (e.g., 46.47% in 2023), suggesting efficient operations.
- Relatively low liabilities compared to assets in recent years, indicating good solvency and financial stability.
Frequently Asked Questions about M B D Community Housing Corporation
Is M B D Community Housing Corporation a legitimate charity?
M B D Community Housing Corporation (EIN: 133023179) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $5.6M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does M B D Community Housing Corporation spend its money?
M B D Community Housing Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to M B D Community Housing Corporation tax-deductible?
M B D Community Housing Corporation is registered as a tax-exempt nonprofit (EIN: 133023179). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the M B D Community Housing Corporation CEO make?
M B D Community Housing Corporation's highest-compensated officer earns $28 annually. The organization reported $5.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of M B D Community Housing Corporation's spending goes to programs?
M B D Community Housing Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is M B D Community Housing Corporation located?
M B D Community Housing Corporation is headquartered in Bronx, New York and files with the IRS under EIN 133023179.
How many years of IRS 990 filings does M B D Community Housing Corporation have?
M B D Community Housing Corporation has 14 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 $5.6M in total revenue.
How does M B D Community Housing Corporation manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests either a fully volunteer executive leadership, or that executive compensation is being reported under other expense categories (e.g., program, administrative, or salaries and wages for non-officers) which would require a deeper dive into the full IRS 990 forms to clarify.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses. While the overall expense ratio to revenue is low (e.g., 46.47% in 2023), understanding the allocation across these categories is crucial for a complete assessment of spending efficiency. Without this, the spending breakdown provided is an estimate based on general best practices for efficient nonprofits.
What caused the significant increase in liabilities in 2020 and 2021?
Liabilities saw a notable increase from $1,040,702 in 2018 to $8,915,427 in 2020 and $8,823,841 in 2021. This substantial jump warrants investigation, as it could indicate significant new debt taken on for projects or other financial obligations. While liabilities decreased significantly by 2023 to $1,106,985, understanding the nature of this temporary increase is important.
Filing History
IRS 990 filing history for M B D Community Housing Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), M B D Community Housing Corporation's revenue has grown by 862.3%, moving from $532K to $5.1M. Total assets increased by 1509.8% over the same period, from $1.7M to $28.1M. Total functional expenses rose by 180.6%, from $848K to $2.4M. In its most recent filing year (2023), M B D Community Housing Corporation reported a surplus of $2.7M, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $28.1M in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $27.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $2.4M | $28.1M | $1.1M | — | — |
| 2022 | $3.8M | $2.4M | $24.5M | $1.4M | — | View 990 |
| 2021 | $7.4M | $2.8M | $18.8M | $8.8M | — | View 990 |
| 2020 | $1.8M | $4.6M | $14.3M | $8.9M | — | View 990 |
| 2019 | $3.7M | $5.0M | $17.7M | $9.5M | — | View 990 |
| 2018 | $3.8M | $3.8M | $10.5M | $1.0M | — | View 990 |
| 2017 | $3.7M | $2.7M | $10.5M | $1.1M | — | View 990 |
| 2016 | $4.6M | $1.3M | $9.8M | $1.4M | — | View 990 |
| 2015 | $2.6M | $1.1M | $6.7M | $1.5M | — | View 990 |
| 2014 | $2.8M | $948K | $5.4M | $1.8M | — | View 990 |
| 2013 | $1.3M | $1.1M | $3.6M | $1.7M | — | View 990 |
| 2012 | $3.5M | $1.0M | $3.1M | $1.4M | — | View 990 |
| 2011 | $1.3M | $829K | $2.0M | $1.7M | — | View 990 |
| 2010 | $532K | $848K | $1.7M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $2.4M, and assets of $28.1M (revenue +33.2% year-over-year).
- 2022: Revenue of $3.8M, expenses of $2.4M, and assets of $24.5M (revenue -47.8% year-over-year).
- 2021: Revenue of $7.4M, expenses of $2.8M, and assets of $18.8M (revenue +306.0% year-over-year).
- 2020: Revenue of $1.8M, expenses of $4.6M, and assets of $14.3M (revenue -50.4% year-over-year).
- 2019: Revenue of $3.7M, expenses of $5.0M, and assets of $17.7M (revenue -4.1% year-over-year).
- 2018: Revenue of $3.8M, expenses of $3.8M, and assets of $10.5M (revenue +3.8% year-over-year).
- 2017: Revenue of $3.7M, expenses of $2.7M, and assets of $10.5M (revenue -19.4% year-over-year).
- 2016: Revenue of $4.6M, expenses of $1.3M, and assets of $9.8M (revenue +73.3% year-over-year).
- 2015: Revenue of $2.6M, expenses of $1.1M, and assets of $6.7M (revenue -4.7% year-over-year).
- 2014: Revenue of $2.8M, expenses of $948K, and assets of $5.4M (revenue +117.9% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.1M, and assets of $3.6M (revenue -63.8% year-over-year).
- 2012: Revenue of $3.5M, expenses of $1.0M, and assets of $3.1M (revenue +169.4% year-over-year).
- 2011: Revenue of $1.3M, expenses of $829K, and assets of $2.0M (revenue +143.9% year-over-year).
- 2010: Revenue of $532K, expenses of $848K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for M B D Community Housing Corporation:
Data Sources and Methodology
This transparency report for M B D Community Housing 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.