New York State Association For Affordable Housing
New York State Association For Affordable Housing shows asset growth despite recent operating deficits and increasing liabilities.
EIN: 134001946 · New York, NY · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| Net Assets | $997K |
| Transparency Score | 85/100 |
Is New York State Association For Affordable Housing Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York State Association For Affordable Housing directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York State Association For Affordable Housing
New York State Association For Affordable Housing (EIN: 134001946) is a nonprofit organization based in New York, NY, classified under NTEE code S41. The organization reported total revenue of $2.7M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York State Association For Affordable Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York State Association For Affordable Housing is a mid-size nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-126,395 |
| Total Assets | $2.1M |
| Total Liabilities | $1.1M |
| Net Assets | $997K |
| Operating Margin | -10.6% |
| Debt-to-Asset Ratio | 52.0% |
| Months of Reserves | 18.9 months |
Financial Health Grade: C
In 2023, New York State Association For Affordable Housing reported a deficit of $126K with expenses exceeding revenue, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 52.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), New York State Association For Affordable Housing's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.3% | +25.4% | +15.6% |
| 2022 | -30.1% | -1.2% | +22.0% |
| 2021 | +0.2% | +1.4% | +4.6% |
| 2020 | +18.5% | +10.9% | +0.1% |
| 2019 | -57.1% | -54.1% | +25.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 State Association For Affordable Housing 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, New York State Association For Affordable Housing 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 $126K, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and activity level and suggests a volunteer-led or externally funded leadership structure.
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 State Association For Affordable Housing's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 202312 and 202212)
- Significant increase in liabilities over the past decade, reaching $1,081,777 in 202312
- Unusual 0% officer compensation across all filings, which might indicate an alternative compensation structure or reliance on external support not fully detailed.
Strengths
The following positive indicators were identified for New York State Association For Affordable Housing:
- Strong asset growth from $519,817 in 201412 to $2,079,165 in 202312
- Consistent financial reporting over 14 filings, indicating transparency
- Clear mission focus on affordable housing (NTEE S41)
- No reported officer compensation, suggesting a highly efficient or volunteer-driven leadership model.
Frequently Asked Questions about New York State Association For Affordable Housing
Is New York State Association For Affordable Housing a legitimate charity?
New York State Association For Affordable Housing (EIN: 134001946) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.7M. 3 red flags identified. 4 strengths noted. Financial health grade: C.
How does New York State Association For Affordable Housing spend its money?
New York State Association For Affordable Housing directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York State Association For Affordable Housing tax-deductible?
New York State Association For Affordable Housing is registered as a tax-exempt nonprofit (EIN: 134001946). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York State Association For Affordable Housing's spending goes to programs?
New York State Association For Affordable Housing directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York State Association For Affordable Housing compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New York State Association For Affordable Housing is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York State Association For Affordable Housing located?
New York State Association For Affordable Housing is headquartered in New York, New York and files with the IRS under EIN 134001946. It is classified under NTEE code S41.
How many years of IRS 990 filings does New York State Association For Affordable Housing have?
New York State Association For Affordable Housing has 14 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 $2.7M in total revenue.
How does the organization sustain its operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles may be filled by volunteers, compensated through other entities, or that the organization's structure minimizes direct compensation for these positions, which is a notable operational model.
What is the nature of the increasing liabilities, which reached $1,081,777 in 202312?
The significant increase in liabilities, from $0 in 201412 to over $1 million in 202312, warrants further investigation to understand if these are program-related obligations, debt, or other financial commitments.
What is the long-term strategy for addressing the recent operating deficits?
With expenses exceeding revenue in 202312 and 202212, the organization should have a clear strategy to ensure financial stability and avoid depleting its growing asset base.
Filing History
IRS 990 filing history for New York State Association For Affordable Housing showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), New York State Association For Affordable Housing's revenue has declined by 0.3%, moving from $1.2M to $1.2M. Total assets increased by 362.5% over the same period, from $450K to $2.1M. Total functional expenses rose by 17.1%, from $1.1M to $1.3M. In its most recent filing year (2023), New York State Association For Affordable Housing reported a deficit of $126K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $2.1M in assets (debt-to-asset ratio: 52.0%), resulting in net assets of $997K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $2.1M | $1.1M | — | — |
| 2022 | $868K | $1.1M | $1.8M | $675K | — | View 990 |
| 2021 | $1.2M | $1.1M | $1.5M | $168K | — | View 990 |
| 2020 | $1.2M | $1.0M | $1.4M | $306K | — | View 990 |
| 2019 | $1.0M | $945K | $1.4M | $494K | — | View 990 |
| 2018 | $2.4M | $2.1M | $1.1M | $305K | — | View 990 |
| 2017 | $2.0M | $2.2M | $572K | $132K | — | — |
| 2016 | $1.9M | $1.9M | $755K | $164K | — | View 990 |
| 2015 | $2.5M | $2.4M | $691K | $96K | — | View 990 |
| 2014 | $1.7M | $1.7M | $520K | $0 | — | View 990 |
| 2013 | $1.9M | $1.9M | $556K | $0 | — | View 990 |
| 2012 | $1.6M | $1.6M | $546K | $10K | — | View 990 |
| 2011 | $1.4M | $1.4M | $454K | $0 | — | View 990 |
| 2010 | $1.2M | $1.1M | $450K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $2.1M (revenue +37.3% year-over-year).
- 2022: Revenue of $868K, expenses of $1.1M, and assets of $1.8M (revenue -30.1% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $1.5M (revenue +0.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.0M, and assets of $1.4M (revenue +18.5% year-over-year).
- 2019: Revenue of $1.0M, expenses of $945K, and assets of $1.4M (revenue -57.1% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.1M, and assets of $1.1M (revenue +20.3% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.2M, and assets of $572K (revenue +6.3% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.9M, and assets of $755K (revenue -23.7% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.4M, and assets of $691K (revenue +48.6% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $520K (revenue -10.2% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $556K (revenue +13.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $546K (revenue +20.5% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $454K (revenue +14.4% year-over-year).
- 2010: Revenue of $1.2M, expenses of $1.1M, and assets of $450K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York State Association For Affordable Housing:
Data Sources and Methodology
This transparency report for New York State Association For Affordable Housing 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.