New York Community Bank Foundation
New York Community Bank Foundation's assets have declined by over 60% in a decade, while revenue and expenses have stabilized at lower levels.
EIN: 113354472 · Lindenhurst, NY · NTEE: T21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $712K |
| Program Spending | 90% |
| Net Assets | $6.5M |
| Transparency Score | 85/100 |
Is New York Community Bank Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Community Bank Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Community Bank Foundation
New York Community Bank Foundation (EIN: 113354472) is a nonprofit organization based in Lindenhurst, NY, classified under NTEE code T21Z. The organization reported total revenue of $3.2M and total assets of $749K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Community Bank Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Community Bank Foundation is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $668K |
| Total Expenses | $712K |
| Surplus / Deficit | $-43,781 |
| Total Assets | $9.6M |
| Total Liabilities | $3.1M |
| Net Assets | $6.5M |
| Operating Margin | -6.6% |
| Debt-to-Asset Ratio | 32.4% |
| Months of Reserves | 162.6 months |
Financial Health Grade: B
In 2023, New York Community Bank Foundation reported a deficit of $44K with expenses exceeding revenue, holds 162.6 months of operating reserves (strong position), has a debt-to-asset ratio of 32.4% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), New York Community Bank Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | +1.2% | +5.5% |
| 2022 | +0.0% | -2.9% | -29.2% |
| 2021 | -32.1% | +3.8% | +15.8% |
| 2020 | +26.1% | -14.1% | -23.4% |
| 2019 | -43.4% | -48.9% | -39.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 New York Community Bank Foundation with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, New York Community Bank Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.4%.
Executive Compensation Analysis
The New York Community Bank Foundation consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for minimizing administrative overhead.
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 New York Community Bank Foundation's IRS 990 filings:
- Significant decline in assets over the past decade (from $24.9M in 2013 to $9.6M in 2023)
- Expenses frequently exceed revenue in recent years (e.g., 2023: $711,833 expenses vs. $668,052 revenue), potentially drawing down reserves.
Strengths
The following positive indicators were identified for New York Community Bank Foundation:
- Consistent 0% officer compensation, indicating low executive overhead.
- Long history of IRS 990 filings, demonstrating transparency and consistent reporting.
- Active distribution of funds, as evidenced by expenses often matching or exceeding revenue.
Frequently Asked Questions about New York Community Bank Foundation
Is New York Community Bank Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Community Bank Foundation (EIN: 113354472) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does New York Community Bank Foundation spend its money?
New York Community Bank Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Community Bank Foundation tax-deductible?
New York Community Bank Foundation is registered as a tax-exempt nonprofit (EIN: 113354472). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Community Bank Foundation's spending goes to programs?
New York Community Bank Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York Community Bank Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New York Community Bank Foundation is above average for NTEE category T21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York Community Bank Foundation located?
New York Community Bank Foundation is headquartered in Lindenhurst, New York and files with the IRS under EIN 113354472. It is classified under NTEE code T21Z.
How many years of IRS 990 filings does New York Community Bank Foundation have?
New York Community Bank Foundation has 10 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 $3.2M in total revenue.
Why have the foundation's assets decreased significantly over the past decade?
The foundation's assets have declined from a peak of $24.9 million in 2013 to $9.6 million in 2023. This could be due to increased grant distributions exceeding investment returns and new contributions, or a strategic decision to draw down its endowment.
What is the primary purpose of the New York Community Bank Foundation?
Based on its NTEE code T21Z (Philanthropy, Voluntarism, and Grantmaking Foundations - Other), the foundation primarily functions as a grant-making entity, distributing funds to other non-profit organizations.
How does the foundation manage its executive leadership without officer compensation?
The consistent 0% officer compensation suggests that executive roles may be filled by volunteers, or compensated through an affiliated entity, or that the foundation's operational structure minimizes direct compensation for its officers.
Filing History
IRS 990 filing history for New York Community Bank Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), New York Community Bank Foundation's revenue has declined by 54.7%, moving from $1.5M to $668K. Total assets decreased by 47.2% over the same period, from $18.3M to $9.6M. Total functional expenses fell by 70.4%, from $2.4M to $712K. In its most recent filing year (2023), New York Community Bank Foundation reported a deficit of $44K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $9.6M in assets (debt-to-asset ratio: 32.4%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $668K | $712K | $9.6M | $3.1M | — | — |
| 2022 | $714K | $704K | $9.1M | $3.9M | — | View 990 |
| 2021 | $714K | $724K | $12.9M | $4.0M | — | — |
| 2020 | $1.1M | $698K | $11.1M | $3.9M | — | — |
| 2019 | $834K | $812K | $14.6M | $5.3M | — | View 990 |
| 2015 | $1.5M | $1.6M | $24.1M | $8.2M | — | View 990 |
| 2014 | $1.5M | $1.7M | $23.6M | $8.1M | — | View 990 |
| 2013 | $1.5M | $2.2M | $24.9M | $7.9M | — | View 990 |
| 2012 | $1.5M | $1.8M | $19.4M | $7.2M | — | View 990 |
| 2011 | $1.5M | $2.4M | $18.3M | $6.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $668K, expenses of $712K, and assets of $9.6M (revenue -6.5% year-over-year).
- 2022: Revenue of $714K, expenses of $704K, and assets of $9.1M (revenue +0.0% year-over-year).
- 2021: Revenue of $714K, expenses of $724K, and assets of $12.9M (revenue -32.1% year-over-year).
- 2020: Revenue of $1.1M, expenses of $698K, and assets of $11.1M (revenue +26.1% year-over-year).
- 2019: Revenue of $834K, expenses of $812K, and assets of $14.6M (revenue -43.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.6M, and assets of $24.1M (revenue +-0.0% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.7M, and assets of $23.6M (revenue +-0.0% year-over-year).
- 2013: Revenue of $1.5M, expenses of $2.2M, and assets of $24.9M (revenue +-0.0% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.8M, and assets of $19.4M (revenue +-0.0% year-over-year).
- 2011: Revenue of $1.5M, expenses of $2.4M, and assets of $18.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Community Bank Foundation:
Data Sources and Methodology
This transparency report for New York Community Bank Foundation 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.