Muhlenberg Community Housing Development Fund Corporation
Muhlenberg Community Housing Development Fund Corporation consistently spends more than it earns, with liabilities now exceeding assets.
EIN: 133826209 · New York, NY · NTEE: L99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $6.0M |
| Program Spending | 80% |
| Net Assets | $-2,246,871 |
| Transparency Score | 65/100 |
Is Muhlenberg Community Housing Development Fund Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Muhlenberg Community Housing Development Fund Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Muhlenberg Community Housing Development Fund Corporation
Muhlenberg Community Housing Development Fund Corporation (EIN: 133826209) is a nonprofit organization based in New York, NY, classified under NTEE code L99Z. The organization reported total revenue of $4.7M and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Muhlenberg Community Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Muhlenberg Community Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $6.0M |
| Surplus / Deficit | $-845,230 |
| Total Assets | $14.2M |
| Total Liabilities | $16.4M |
| Net Assets | $-2,246,871 |
| Operating Margin | -16.3% |
| Debt-to-Asset Ratio | 115.8% |
| Months of Reserves | 28.2 months |
Financial Health Grade: C
In 2023, Muhlenberg Community Housing Development Fund Corporation reported a deficit of $845K with expenses exceeding revenue, holds 28.2 months of operating reserves (strong position), has a debt-to-asset ratio of 115.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Muhlenberg Community Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.7% | +28.6% | +8.1% |
| 2022 | +16.8% | -11.1% | -1.0% |
| 2021 | -7.2% | +10.2% | -6.9% |
| 2020 | +9.0% | +14.1% | +3.2% |
| 2019 | +12.3% | +12.9% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Muhlenberg Community Housing Development Fund Corporation 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, Muhlenberg Community Housing Development Fund 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 deficit of $845K, with expenses exceeding revenue.
- Debt-to-asset ratio: 115.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive structure or that executive compensation is handled through a related entity, which enhances transparency regarding direct compensation from this specific entity.
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 Muhlenberg Community Housing Development Fund Corporation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years (e.g., 202306, 202206, 202106).
- Liabilities ($16,429,075 in 202306) now exceed total assets ($14,182,204), indicating a potentially leveraged financial position.
- Lack of clarity on how consistent deficits are funded without drawing down assets significantly.
Strengths
The following positive indicators were identified for Muhlenberg Community Housing Development Fund Corporation:
- Stable asset base, consistently around $13-14 million over the past decade.
- Consistent filing history (13 filings) demonstrates commitment to IRS compliance.
- Reporting 0% officer compensation indicates transparency regarding direct executive pay from this entity, or a volunteer-driven leadership model.
Frequently Asked Questions about Muhlenberg Community Housing Development Fund Corporation
Is Muhlenberg Community Housing Development Fund Corporation a legitimate charity?
Muhlenberg Community Housing Development Fund Corporation (EIN: 133826209) 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: $4.7M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Muhlenberg Community Housing Development Fund Corporation spend its money?
Muhlenberg Community Housing Development Fund Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Muhlenberg Community Housing Development Fund Corporation tax-deductible?
Muhlenberg Community Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133826209). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Muhlenberg Community Housing Development Fund Corporation's spending goes to programs?
Muhlenberg Community Housing Development Fund Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Muhlenberg Community Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Muhlenberg Community Housing Development Fund Corporation is above average for NTEE category L99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Muhlenberg Community Housing Development Fund Corporation located?
Muhlenberg Community Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 133826209. It is classified under NTEE code L99Z.
How many years of IRS 990 filings does Muhlenberg Community Housing Development Fund Corporation have?
Muhlenberg Community Housing Development Fund Corporation 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 $4.7M in total revenue.
Is Muhlenberg Community Housing Development Fund Corporation financially sustainable given its recurring deficits?
The organization has consistently reported expenses exceeding revenues in multiple recent periods (e.g., 202306, 202206, 202106), and its liabilities now exceed its assets as of 202306. This trend raises concerns about long-term financial sustainability if not addressed by increased revenue or reduced expenses.
What is the nature of the increasing liabilities?
The liabilities have steadily increased over the years, reaching $16,429,075 in 202306, surpassing the organization's assets. Understanding the composition of these liabilities (e.g., mortgages, program-related debt) is crucial for assessing financial risk.
How does the organization cover its operational deficits?
With expenses frequently exceeding revenues, the organization must be drawing on reserves, incurring debt, or receiving non-operating income not reflected in the 'Revenue' line item to cover these deficits. Further investigation into its balance sheet and statement of cash flows would clarify this.
Why is officer compensation consistently reported as 0%?
A consistent 0% officer compensation could indicate that executive roles are filled by unpaid volunteers, or that compensation is paid by a related entity. This practice, while transparent for this specific entity, warrants further inquiry to understand the full compensation structure for leadership.
Filing History
IRS 990 filing history for Muhlenberg Community Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Muhlenberg Community Housing Development Fund Corporation's revenue has grown by 153.8%, moving from $2.0M to $5.2M. Total assets increased by 765.5% over the same period, from $1.6M to $14.2M. Total functional expenses rose by 240.7%, from $1.8M to $6.0M. In its most recent filing year (2023), Muhlenberg Community Housing Development Fund Corporation reported a deficit of $845K, with expenses exceeding revenue. The organization holds $16.4M in liabilities against $14.2M in assets (debt-to-asset ratio: 115.8%), resulting in net assets of $-2,246,871.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $6.0M | $14.2M | $16.4M | — | — |
| 2022 | $4.5M | $4.7M | $13.1M | $14.5M | — | View 990 |
| 2021 | $3.9M | $5.3M | $13.2M | $14.5M | — | — |
| 2020 | $4.2M | $4.8M | $14.2M | $14.1M | — | — |
| 2019 | $3.8M | $4.2M | $13.8M | $13.1M | — | View 990 |
| 2018 | $3.4M | $3.7M | $14.0M | $13.0M | — | View 990 |
| 2017 | $3.1M | $3.5M | $13.9M | $12.6M | — | View 990 |
| 2016 | $3.2M | $3.6M | $13.6M | $11.9M | — | View 990 |
| 2015 | $3.2M | $3.2M | $14.2M | $12.1M | — | View 990 |
| 2014 | $1.7M | $1.7M | $14.1M | $13.4M | — | View 990 |
| 2013 | $2.0M | $1.8M | $1.7M | $1.0M | — | View 990 |
| 2012 | $2.1M | $1.8M | $1.6M | $778K | — | View 990 |
| 2011 | $2.0M | $1.8M | $1.6M | $814K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $6.0M, and assets of $14.2M (revenue +14.7% year-over-year).
- 2022: Revenue of $4.5M, expenses of $4.7M, and assets of $13.1M (revenue +16.8% year-over-year).
- 2021: Revenue of $3.9M, expenses of $5.3M, and assets of $13.2M (revenue -7.2% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.8M, and assets of $14.2M (revenue +9.0% year-over-year).
- 2019: Revenue of $3.8M, expenses of $4.2M, and assets of $13.8M (revenue +12.3% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.7M, and assets of $14.0M (revenue +10.8% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.5M, and assets of $13.9M (revenue -3.1% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.6M, and assets of $13.6M (revenue +0.4% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.2M, and assets of $14.2M (revenue +90.4% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $14.1M (revenue -15.7% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.8M, and assets of $1.7M (revenue -6.9% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.8M, and assets of $1.6M (revenue +3.4% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.8M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Muhlenberg Community Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Muhlenberg Community Housing Development Fund 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.