Melrose Villa Hermosa Housing Development Fund Company Inc
Melrose Villa Hermosa Housing Development Fund Company Inc consistently operates at a deficit, drawing down assets while reporting no officer compensation.
EIN: 133501749 · Bronx, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.1M |
| Total Expenses | $1.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $6.0M |
| Transparency Score | 65/100 |
Is Melrose Villa Hermosa Housing Development Fund Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Melrose Villa Hermosa Housing Development Fund Company Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Melrose Villa Hermosa Housing Development Fund Company Inc
Melrose Villa Hermosa Housing Development Fund Company Inc (EIN: 133501749) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $12.1M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Melrose Villa Hermosa Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Melrose Villa Hermosa Housing Development Fund Company Inc is a large nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-456,980 |
| Total Assets | $6.4M |
| Total Liabilities | $372K |
| Net Assets | $6.0M |
| Operating Margin | -44.1% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 51.3 months |
Financial Health Grade: B
In 2023, Melrose Villa Hermosa Housing Development Fund Company Inc reported a deficit of $457K with expenses exceeding revenue, holds 51.3 months of operating reserves (strong position), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Melrose Villa Hermosa Housing Development Fund Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.2% | +0.7% | -5.7% |
| 2022 | -0.2% | +18.3% | -5.0% |
| 2021 | -3.6% | -1.8% | -2.9% |
| 2020 | +6.5% | +9.3% | -3.6% |
| 2019 | +11.7% | +0.8% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Melrose Villa Hermosa Housing Development Fund Company Inc 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, Melrose Villa Hermosa Housing Development Fund Company Inc 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 $457K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization with annual expenses exceeding $1 million. This could indicate a volunteer board or that compensation is categorized differently, warranting further investigation 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 Melrose Villa Hermosa Housing Development Fund Company Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in all reported years)
- Significant decline in assets over the past decade (from $8.7M in 2014 to $6.3M in 2023)
- Unknown NTEE code, limiting clarity on programmatic focus
- 0% reported officer compensation, which may obscure leadership costs
Strengths
The following positive indicators were identified for Melrose Villa Hermosa Housing Development Fund Company Inc:
- Strong asset base relative to liabilities, indicating financial solvency (e.g., $6.3M assets vs. $371K liabilities in 2023)
- Consistent filing history, demonstrating compliance with IRS reporting requirements
Frequently Asked Questions about Melrose Villa Hermosa Housing Development Fund Company Inc
Is Melrose Villa Hermosa Housing Development Fund Company Inc a legitimate charity?
Melrose Villa Hermosa Housing Development Fund Company Inc (EIN: 133501749) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.1M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Melrose Villa Hermosa Housing Development Fund Company Inc spend its money?
Melrose Villa Hermosa Housing Development Fund Company Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Melrose Villa Hermosa Housing Development Fund Company Inc tax-deductible?
Melrose Villa Hermosa Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 133501749). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Melrose Villa Hermosa Housing Development Fund Company Inc CEO make?
Melrose Villa Hermosa Housing Development Fund Company Inc's highest-compensated officer earns $1 annually. The organization reported $12.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Melrose Villa Hermosa Housing Development Fund Company Inc's spending goes to programs?
Melrose Villa Hermosa Housing Development Fund Company Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Melrose Villa Hermosa Housing Development Fund Company Inc located?
Melrose Villa Hermosa Housing Development Fund Company Inc is headquartered in Bronx, New York and files with the IRS under EIN 133501749.
How many years of IRS 990 filings does Melrose Villa Hermosa Housing Development Fund Company Inc have?
Melrose Villa Hermosa Housing Development Fund Company Inc 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 $12.1M in total revenue.
How does Melrose Villa Hermosa Housing Development Fund Company Inc cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue, for example, a $456,980 deficit in 2023. This suggests it is either drawing down its significant asset base (which has decreased from $8,782,990 in 2014 to $6,377,154 in 2023) or relying on other unreported funding mechanisms.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is atypical for an organization of this size and operational scope. It could indicate a fully volunteer board, or that compensation is included in other expense categories, which would reduce transparency regarding leadership costs.
What is the specific programmatic focus of the organization given the unknown NTEE code?
Without an NTEE code, the specific type of housing development or services provided by Melrose Villa Hermosa Housing Development Fund Company Inc is unclear, making it difficult to assess the direct impact of its spending.
Filing History
IRS 990 filing history for Melrose Villa Hermosa Housing Development Fund Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Melrose Villa Hermosa Housing Development Fund Company Inc's revenue has grown by 39.8%, moving from $741K to $1.0M. Total assets decreased by 30.9% over the same period, from $9.2M to $6.4M. Total functional expenses rose by 52.6%, from $978K to $1.5M. In its most recent filing year (2023), Melrose Villa Hermosa Housing Development Fund Company Inc reported a deficit of $457K, with expenses exceeding revenue. The organization holds $372K in liabilities against $6.4M in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.5M | $6.4M | $372K | — | — |
| 2022 | $1.0M | $1.5M | $6.8M | $299K | — | View 990 |
| 2021 | $1.0M | $1.3M | $7.1M | $193K | — | View 990 |
| 2020 | $1.1M | $1.3M | $7.3M | $181K | — | — |
| 2019 | $999K | $1.2M | $7.6M | $247K | — | View 990 |
| 2018 | $894K | $1.2M | $7.9M | $365K | — | View 990 |
| 2017 | $882K | $1.2M | $8.1M | $222K | — | — |
| 2016 | $898K | $1.1M | $8.4M | $233K | — | View 990 |
| 2015 | $889K | $1.1M | $8.6M | $191K | — | View 990 |
| 2014 | $894K | $1.1M | $8.8M | $191K | — | View 990 |
| 2013 | $900K | $1.0M | $9.0M | $186K | — | View 990 |
| 2012 | $885K | $993K | $9.1M | $177K | — | View 990 |
| 2011 | $741K | $978K | $9.2M | $173K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.5M, and assets of $6.4M (revenue +1.2% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.5M, and assets of $6.8M (revenue -0.2% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.3M, and assets of $7.1M (revenue -3.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.3M, and assets of $7.3M (revenue +6.5% year-over-year).
- 2019: Revenue of $999K, expenses of $1.2M, and assets of $7.6M (revenue +11.7% year-over-year).
- 2018: Revenue of $894K, expenses of $1.2M, and assets of $7.9M (revenue +1.4% year-over-year).
- 2017: Revenue of $882K, expenses of $1.2M, and assets of $8.1M (revenue -1.8% year-over-year).
- 2016: Revenue of $898K, expenses of $1.1M, and assets of $8.4M (revenue +1.0% year-over-year).
- 2015: Revenue of $889K, expenses of $1.1M, and assets of $8.6M (revenue -0.6% year-over-year).
- 2014: Revenue of $894K, expenses of $1.1M, and assets of $8.8M (revenue -0.7% year-over-year).
- 2013: Revenue of $900K, expenses of $1.0M, and assets of $9.0M (revenue +1.8% year-over-year).
- 2012: Revenue of $885K, expenses of $993K, and assets of $9.1M (revenue +19.4% year-over-year).
- 2011: Revenue of $741K, expenses of $978K, and assets of $9.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Melrose Villa Hermosa Housing Development Fund Company Inc:
Data Sources and Methodology
This transparency report for Melrose Villa Hermosa Housing Development Fund Company Inc 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.