Mhany 1999 Ii Housing Development Fund Corp
Mhany 1999 Ii Housing Development Fund Corp maintains consistent financial surpluses and zero executive compensation.
EIN: 113517199 · Brooklyn, NY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $8.5M |
| Transparency Score | 95/100 |
Is Mhany 1999 Ii Housing Development Fund Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mhany 1999 Ii Housing Development Fund Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mhany 1999 Ii Housing Development Fund Corp
Mhany 1999 Ii Housing Development Fund Corp (EIN: 113517199) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code L20. The organization reported total revenue of $2.3M and total assets of $12.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mhany 1999 Ii Housing Development Fund Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mhany 1999 Ii Housing Development Fund Corp is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$445K |
| Total Assets | $11.9M |
| Total Liabilities | $3.3M |
| Net Assets | $8.5M |
| Operating Margin | 21.5% |
| Debt-to-Asset Ratio | 28.1% |
| Months of Reserves | 87.9 months |
Financial Health Grade: A
In 2023, Mhany 1999 Ii Housing Development Fund Corp reported a surplus of $445K with revenue exceeding expenses, holds 87.9 months of operating reserves (strong position), has a debt-to-asset ratio of 28.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2023), Mhany 1999 Ii Housing Development Fund Corp's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | -7.7% | -7.4% |
| 2022 | +1.8% | +3.1% | +2.5% |
| 2021 | +6.8% | +3.0% | +1.3% |
| 2020 | +105.2% | +121.1% | +1.0% |
| 2019 | -47.8% | -48.9% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Mhany 1999 Ii Housing Development Fund Corp with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Mhany 1999 Ii Housing Development Fund Corp allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $445K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization with over $2 million in annual revenue and $12 million in assets.
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 Mhany 1999 Ii Housing Development Fund Corp's IRS 990 filings:
- Lack of detailed program vs. administrative spending breakdown in provided data
- Unusually low liabilities relative to assets in the latest filing compared to previous years, which might warrant further investigation into the nature of the liabilities and assets.
Strengths
The following positive indicators were identified for Mhany 1999 Ii Housing Development Fund Corp:
- Consistent financial surpluses, such as $444,720 in 202312 ($2,064,446 revenue - $1,619,726 expenses).
- Zero reported executive compensation, indicating high resource allocation to mission.
- Stable and growing asset base, reaching $11,870,736 in 202312.
- Decreasing liabilities, improving the organization's financial health.
- Consistent revenue generation over multiple years.
Frequently Asked Questions about Mhany 1999 Ii Housing Development Fund Corp
Is Mhany 1999 Ii Housing Development Fund Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Mhany 1999 Ii Housing Development Fund Corp (EIN: 113517199) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Mhany 1999 Ii Housing Development Fund Corp spend its money?
Mhany 1999 Ii Housing Development Fund Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mhany 1999 Ii Housing Development Fund Corp tax-deductible?
Mhany 1999 Ii Housing Development Fund Corp is registered as a tax-exempt nonprofit (EIN: 113517199). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mhany 1999 Ii Housing Development Fund Corp CEO make?
Mhany 1999 Ii Housing Development Fund Corp's highest-compensated officer earns $2 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Mhany 1999 Ii Housing Development Fund Corp compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Mhany 1999 Ii Housing Development Fund Corp is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mhany 1999 Ii Housing Development Fund Corp located?
Mhany 1999 Ii Housing Development Fund Corp is headquartered in Brooklyn, New York and files with the IRS under EIN 113517199. It is classified under NTEE code L20.
How many years of IRS 990 filings does Mhany 1999 Ii Housing Development Fund Corp have?
Mhany 1999 Ii Housing Development Fund Corp 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 $2.3M in total revenue.
Is Mhany 1999 Ii Housing Development Fund Corp financially stable?
Yes, the organization appears financially stable, consistently generating surpluses (e.g., $2,064,446 revenue vs. $1,619,726 expenses in 202312) and growing its assets to $11,870,736 in the latest filing.
How does Mhany 1999 Ii Housing Development Fund Corp manage its liabilities?
The organization has shown a positive trend in managing liabilities, decreasing them from $4,735,229 in 202212 to $3,337,394 in 202312.
Does Mhany 1999 Ii Housing Development Fund Corp pay its executives?
No, all available IRS 990 filings indicate 0% officer compensation, suggesting executives are not paid by the organization.
Filing History
IRS 990 filing history for Mhany 1999 Ii Housing Development Fund Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Mhany 1999 Ii Housing Development Fund Corp's revenue has grown by 78.2%, moving from $1.2M to $2.1M. Total assets increased by 0.6% over the same period, from $11.8M to $11.9M. Total functional expenses rose by 49.7%, from $1.1M to $1.6M. In its most recent filing year (2023), Mhany 1999 Ii Housing Development Fund Corp reported a surplus of $445K, with revenue exceeding expenses. The organization holds $3.3M in liabilities against $11.9M in assets (debt-to-asset ratio: 28.1%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.6M | $11.9M | $3.3M | — | — |
| 2022 | $2.0M | $1.8M | $12.8M | $4.7M | — | View 990 |
| 2021 | $2.0M | $1.7M | $12.5M | $4.7M | — | View 990 |
| 2020 | $1.8M | $1.7M | $12.4M | $4.8M | — | — |
| 2019 | $895K | $747K | $12.2M | $4.8M | — | View 990 |
| 2019 | $1.7M | $1.5M | $12.0M | $4.7M | — | View 990 |
| 2018 | $1.6M | $1.5M | $11.8M | $4.8M | — | View 990 |
| 2017 | $1.6M | $1.4M | $11.7M | $4.8M | — | View 990 |
| 2016 | $1.9M | $1.3M | $11.6M | $5.0M | — | View 990 |
| 2015 | $1.2M | $1.3M | $12.1M | $6.0M | — | View 990 |
| 2014 | $1.1M | $1.3M | $12.0M | $5.8M | — | View 990 |
| 2013 | $1.1M | $1.3M | $12.0M | $5.6M | — | View 990 |
| 2012 | $1.2M | $1.1M | $11.8M | $5.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.6M, and assets of $11.9M (revenue +3.5% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.8M, and assets of $12.8M (revenue +1.8% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.7M, and assets of $12.5M (revenue +6.8% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.7M, and assets of $12.4M (revenue +105.2% year-over-year).
- 2019: Revenue of $895K, expenses of $747K, and assets of $12.2M (revenue -47.8% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.5M, and assets of $12.0M (revenue +5.3% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $11.8M (revenue -1.1% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.4M, and assets of $11.7M (revenue -11.3% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.3M, and assets of $11.6M (revenue +51.0% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $12.1M (revenue +10.3% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.3M, and assets of $12.0M (revenue -3.0% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.3M, and assets of $12.0M (revenue -0.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $11.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mhany 1999 Ii Housing Development Fund Corp:
Data Sources and Methodology
This transparency report for Mhany 1999 Ii 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.