Mid Bronx Housing Development Fund
EIN: 237363423 · Bronx, NY
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.7M |
| Net Assets | $3.6M |
Is Mid Bronx Housing Development Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mid Bronx Housing Development Fund
Mid Bronx Housing Development Fund (EIN: 237363423) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $3.6M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Bronx Housing Development Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mid Bronx Housing Development Fund is a mid-size nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-505,908 |
| Total Assets | $5.8M |
| Total Liabilities | $2.3M |
| Net Assets | $3.6M |
| Operating Margin | -15.6% |
| Debt-to-Asset Ratio | 39.0% |
| Months of Reserves | 18.7 months |
Financial Health Grade: B
In 2023, Mid Bronx Housing Development Fund reported a deficit of $506K with expenses exceeding revenue, holds 18.7 months of operating reserves (strong position), has a debt-to-asset ratio of 39.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mid Bronx Housing Development Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.4% | +42.9% | +5.5% |
| 2022 | -15.2% | +7.8% | -9.1% |
| 2021 | +8.3% | -16.7% | +3.1% |
| 2020 | -0.9% | +13.2% | -23.5% |
| 2019 | +3.0% | -1.8% | +22.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mid Bronx Housing Development Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mid Bronx Housing Development Fund with a Mission Score of 0 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $506K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.0%.
Frequently Asked Questions about Mid Bronx Housing Development Fund
Is Mid Bronx Housing Development Fund a legitimate charity?
Mid Bronx Housing Development Fund (EIN: 237363423) is a registered tax-exempt nonprofit based in New York. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. No red flags identified. Financial health grade: B.
How does Mid Bronx Housing Development Fund spend its money?
Mid Bronx Housing Development Fund reported $3.6M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mid Bronx Housing Development Fund tax-deductible?
Mid Bronx Housing Development Fund is registered as a tax-exempt nonprofit (EIN: 237363423). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mid Bronx Housing Development Fund located?
Mid Bronx Housing Development Fund is headquartered in Bronx, New York and files with the IRS under EIN 237363423.
How many years of IRS 990 filings does Mid Bronx Housing Development Fund have?
Mid Bronx Housing Development Fund 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 $3.6M in total revenue.
Filing History
IRS 990 filing history for Mid Bronx Housing Development Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mid Bronx Housing Development Fund's revenue has grown by 20.3%, moving from $2.7M to $3.2M. Total assets increased by 62.3% over the same period, from $3.6M to $5.8M. Total functional expenses rose by 25.4%, from $3.0M to $3.7M. In its most recent filing year (2023), Mid Bronx Housing Development Fund reported a deficit of $506K, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $5.8M in assets (debt-to-asset ratio: 39.0%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.7M | $5.8M | $2.3M | — | — |
| 2022 | $3.0M | $2.6M | $5.5M | $1.1M | — | View 990 |
| 2021 | $3.6M | $2.4M | $6.1M | $801K | — | — |
| 2020 | $3.3M | $2.9M | $5.9M | $764K | — | — |
| 2019 | $3.3M | $2.6M | $7.7M | $1.4M | — | View 990 |
| 2018 | $3.2M | $2.6M | $6.3M | $751K | — | View 990 |
| 2017 | $3.5M | $2.5M | $5.5M | $528K | — | View 990 |
| 2016 | $3.1M | $2.6M | $4.4M | $471K | — | View 990 |
| 2015 | $3.2M | $2.8M | $4.0M | $563K | — | View 990 |
| 2014 | $3.2M | $3.0M | $3.7M | $569K | — | View 990 |
| 2013 | $2.9M | $2.9M | $3.7M | $807K | — | View 990 |
| 2012 | $2.7M | $2.8M | $3.7M | $753K | — | View 990 |
| 2011 | $2.7M | $3.0M | $3.6M | $646K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.7M, and assets of $5.8M (revenue +7.4% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.6M, and assets of $5.5M (revenue -15.2% year-over-year).
- 2021: Revenue of $3.6M, expenses of $2.4M, and assets of $6.1M (revenue +8.3% year-over-year).
- 2020: Revenue of $3.3M, expenses of $2.9M, and assets of $5.9M (revenue -0.9% year-over-year).
- 2019: Revenue of $3.3M, expenses of $2.6M, and assets of $7.7M (revenue +3.0% year-over-year).
- 2018: Revenue of $3.2M, expenses of $2.6M, and assets of $6.3M (revenue -8.5% year-over-year).
- 2017: Revenue of $3.5M, expenses of $2.5M, and assets of $5.5M (revenue +13.1% year-over-year).
- 2016: Revenue of $3.1M, expenses of $2.6M, and assets of $4.4M (revenue -2.9% year-over-year).
- 2015: Revenue of $3.2M, expenses of $2.8M, and assets of $4.0M (revenue +1.5% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.0M, and assets of $3.7M (revenue +7.9% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.9M, and assets of $3.7M (revenue +7.3% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.8M, and assets of $3.7M (revenue +1.3% year-over-year).
- 2011: Revenue of $2.7M, expenses of $3.0M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mid Bronx Housing Development Fund:
Data Sources and Methodology
This transparency report for Mid Bronx Housing Development Fund 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.