Ndc Housing And Economic Development Corporation
Ndc Housing And Economic Development Corporation shows consistent revenue growth and asset accumulation, with no reported officer compensation.
EIN: 112933129 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.3M |
| Total Expenses | $11.8M |
| Program Spending | 75% |
| Net Assets | $16.8M |
| Transparency Score | 75/100 |
Is Ndc Housing And Economic Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ndc Housing And Economic Development Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ndc Housing And Economic Development Corporation
Ndc Housing And Economic Development Corporation (EIN: 112933129) is a nonprofit organization based in New York, NY. The organization reported total revenue of $13.3M and total assets of $44.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ndc Housing And Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ndc Housing And Economic Development Corporation is a large nonprofit that has been operating for 38 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.2M |
| Total Expenses | $11.8M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $30.3M |
| Total Liabilities | $13.5M |
| Net Assets | $16.8M |
| Operating Margin | 11.0% |
| Debt-to-Asset Ratio | 44.5% |
| Months of Reserves | 30.9 months |
Financial Health Grade: A
In 2022, Ndc Housing And Economic Development Corporation reported a surplus of $1.4M with revenue exceeding expenses, holds 30.9 months of operating reserves (strong position), has a debt-to-asset ratio of 44.5% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Ndc Housing And Economic Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +27.0% | +18.8% | +23.2% |
| 2021 | -3.6% | -5.1% | +16.9% |
| 2020 | +0.7% | +6.2% | +11.2% |
| 2019 | +19.5% | +15.9% | +1.7% |
| 2018 | -3.0% | -2.8% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Ndc Housing And Economic Development Corporation with a Mission Score of 75 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: 75%
- fundraising: 10%
According to IRS 990 filings, Ndc Housing And Economic Development Corporation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.5%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Compensation across all available filing periods, suggesting that executive leadership may be unpaid or compensated through other means not categorized as 'Officer Comp' in this summary, which warrants 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 Ndc Housing And Economic Development Corporation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, hindering full spending efficiency analysis.
- Consistent 0% officer compensation reported, which may obscure actual leadership costs if compensated through other means.
Strengths
The following positive indicators were identified for Ndc Housing And Economic Development Corporation:
- Consistent revenue growth over the past decade, from $7.7M in 2013 to $13.2M in 2022.
- Significant asset accumulation, increasing from $16.7M in 2013 to $30.2M in 2022.
- Generally positive net income (revenue exceeding expenses) in most filing periods, indicating sound financial management.
- Long filing history (12 filings) suggests established operations and consistent reporting.
Frequently Asked Questions about Ndc Housing And Economic Development Corporation
Is Ndc Housing And Economic Development Corporation a legitimate charity?
Ndc Housing And Economic Development Corporation (EIN: 112933129) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $13.3M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Ndc Housing And Economic Development Corporation spend its money?
Ndc Housing And Economic Development Corporation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Ndc Housing And Economic Development Corporation tax-deductible?
Ndc Housing And Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 112933129). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ndc Housing And Economic Development Corporation's spending goes to programs?
Ndc Housing And Economic Development Corporation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ndc Housing And Economic Development Corporation located?
Ndc Housing And Economic Development Corporation is headquartered in New York, New York and files with the IRS under EIN 112933129.
How many years of IRS 990 filings does Ndc Housing And Economic Development Corporation have?
Ndc Housing And Economic Development Corporation has 12 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 $13.3M in total revenue.
Is Ndc Housing And Economic Development Corporation financially stable?
Yes, the organization appears financially stable, consistently generating more revenue than expenses in most years and showing significant asset growth from $16.7 million in 2013 to over $30 million in 2022.
How has the organization's revenue changed over time?
Revenue has generally increased, growing from $7,752,529 in 2013 to $13,208,840 in 2022, indicating a positive trend in financial intake.
What is the trend in the organization's assets?
Assets have shown a strong upward trend, increasing from $16,700,302 in 2013 to $30,272,835 in 2022, demonstrating significant growth in resources.
Why is officer compensation reported as 0%?
The consistent reporting of 0% for Officer Compensation across all filings suggests either a volunteer-led executive team or that executive compensation is categorized differently within the full IRS 990, requiring a deeper dive into the detailed filings for clarity.
Filing History
IRS 990 filing history for Ndc Housing And Economic Development Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Ndc Housing And Economic Development Corporation's revenue has grown by 69.7%, moving from $7.8M to $13.2M. Total assets increased by 68.7% over the same period, from $17.9M to $30.3M. Total functional expenses rose by 59%, from $7.4M to $11.8M. In its most recent filing year (2022), Ndc Housing And Economic Development Corporation reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $13.5M in liabilities against $30.3M in assets (debt-to-asset ratio: 44.5%), resulting in net assets of $16.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $13.2M | $11.8M | $30.3M | $13.5M | — | View 990 |
| 2021 | $10.4M | $9.9M | $24.6M | $9.2M | — | View 990 |
| 2020 | $10.8M | $10.4M | $21.0M | $6.2M | — | View 990 |
| 2019 | $10.7M | $9.8M | $18.9M | $3.9M | — | View 990 |
| 2018 | $9.0M | $8.5M | $18.6M | $4.5M | — | View 990 |
| 2017 | $9.2M | $8.7M | $16.5M | $2.8M | — | View 990 |
| 2016 | $10.7M | $9.7M | $17.4M | $4.3M | — | View 990 |
| 2015 | $7.0M | $6.1M | $13.9M | $1.7M | — | View 990 |
| 2014 | $5.5M | $5.8M | $14.5M | $3.4M | — | View 990 |
| 2013 | $7.8M | $7.6M | $16.7M | $5.3M | — | View 990 |
| 2012 | $8.8M | $7.9M | $17.3M | $6.1M | — | View 990 |
| 2011 | $7.8M | $7.4M | $17.9M | $7.5M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $13.2M, expenses of $11.8M, and assets of $30.3M (revenue +27.0% year-over-year).
- 2021: Revenue of $10.4M, expenses of $9.9M, and assets of $24.6M (revenue -3.6% year-over-year).
- 2020: Revenue of $10.8M, expenses of $10.4M, and assets of $21.0M (revenue +0.7% year-over-year).
- 2019: Revenue of $10.7M, expenses of $9.8M, and assets of $18.9M (revenue +19.5% year-over-year).
- 2018: Revenue of $9.0M, expenses of $8.5M, and assets of $18.6M (revenue -3.0% year-over-year).
- 2017: Revenue of $9.2M, expenses of $8.7M, and assets of $16.5M (revenue -13.6% year-over-year).
- 2016: Revenue of $10.7M, expenses of $9.7M, and assets of $17.4M (revenue +52.1% year-over-year).
- 2015: Revenue of $7.0M, expenses of $6.1M, and assets of $13.9M (revenue +27.4% year-over-year).
- 2014: Revenue of $5.5M, expenses of $5.8M, and assets of $14.5M (revenue -28.8% year-over-year).
- 2013: Revenue of $7.8M, expenses of $7.6M, and assets of $16.7M (revenue -11.5% year-over-year).
- 2012: Revenue of $8.8M, expenses of $7.9M, and assets of $17.3M (revenue +12.5% year-over-year).
- 2011: Revenue of $7.8M, expenses of $7.4M, and assets of $17.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ndc Housing And Economic Development Corporation:
Data Sources and Methodology
This transparency report for Ndc Housing And Economic Development 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.