North Fork Housing Alliance Inc

North Fork Housing Alliance Inc. consistently operates with expenses exceeding revenue, leading to growing liabilities.

EIN: 112627786 · Greenport, NY · NTEE: L21Z · Updated: 2026-03-28

$3.4MRevenue

$3.4MAssets

65/100Mission Score (Good)

L21Z

About North Fork Housing Alliance Inc

North Fork Housing Alliance Inc (EIN: 112627786) is a nonprofit organization based in Greenport, NY, classified under NTEE code L21Z. The organization reported total revenue of $3.4M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Fork Housing Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

North Fork Housing Alliance Inc. demonstrates consistent operational activity, with revenues and expenses generally in the range of $2.6 million to $3.5 million over the past decade. The organization has frequently operated with expenses exceeding revenue, as seen in 2023 where expenses were $3,090,741 against revenues of $2,615,748, indicating a reliance on prior reserves or other funding sources to cover operational deficits. While assets have fluctuated, they have generally remained above $3.3 million, providing some financial stability. However, the organization's liabilities have often exceeded its assets in recent years, such as in 2023 where liabilities were $4,222,902 against assets of $3,528,238, which is a point of concern regarding long-term financial health.

The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer-led executive team or that executive compensation is reported under other expense categories, which could impact the clarity of administrative spending. Without detailed breakdowns of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. However, the consistent operational deficits suggest that the organization is spending at or above its incoming revenue, which requires careful management.

In terms of transparency, the availability of 13 years of IRS 990 filings is a positive indicator. However, the lack of reported officer compensation in the provided data makes it difficult to fully evaluate executive pay practices. A more detailed breakdown of expenses would enhance the assessment of how efficiently funds are being allocated to programs versus overhead. The consistent deficits and the trend of liabilities exceeding assets in recent years warrant closer scrutiny for potential financial risks.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates North Fork Housing Alliance Inc 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, North Fork Housing Alliance Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of this size and suggests either a fully volunteer executive team or that compensation is categorized differently, warranting further investigation for complete 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 North Fork Housing Alliance Inc's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue), as seen in 2023 ($3,090,741 expenses vs. $2,615,748 revenue).
Liabilities frequently exceed assets, indicating potential solvency concerns (e.g., 2023: $4,222,902 liabilities vs. $3,528,238 assets).
Unusually low or 0% reported officer compensation for an organization of this size, which may obscure true administrative costs.

Strengths

The following positive indicators were identified for North Fork Housing Alliance Inc:

Long history of IRS 990 filings (13 filings), indicating consistent reporting and transparency.
Maintains significant asset base (over $3.3 million), providing some financial foundation.
Consistent revenue generation over $2.6 million annually, demonstrating ongoing support and activity.

Frequently Asked Questions about North Fork Housing Alliance Inc

Why do expenses consistently exceed revenue?

The organization has frequently reported expenses higher than its revenue, for example, in 2023, expenses were $3,090,741 while revenue was $2,615,748. This trend suggests a reliance on reserves or other funding mechanisms to cover operational costs, which could be unsustainable long-term.

What is the nature of the organization's liabilities, which often exceed assets?

In recent years, liabilities have surpassed assets, such as in 2023 where liabilities were $4,222,902 against assets of $3,528,238. Understanding the composition of these liabilities (e.g., mortgages, program-related debt) is crucial for assessing financial risk.

How does the organization sustain operations with consistent deficits?

Given the recurring deficits, the organization must be drawing from accumulated reserves or receiving significant non-operating income not reflected in the provided revenue figures to maintain its operations.

Is the 0% officer compensation accurate, or is it reported elsewhere?

The consistent reporting of 0% officer compensation is unusual for an organization with over $2 million in annual expenses. It raises questions about whether executive compensation is genuinely zero or if it's included within other expense categories, impacting the clarity of administrative costs.

Filing History

IRS 990 filing history for North Fork Housing Alliance Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), North Fork Housing Alliance Inc's revenue has declined by 18.5%, moving from $3.2M to $2.6M. Total assets decreased by 14.7% over the same period, from $4.1M to $3.5M. Total functional expenses fell by 7.4%, from $3.3M to $3.1M. In its most recent filing year (2023), North Fork Housing Alliance Inc reported a deficit of $475K, with expenses exceeding revenue. The organization holds $4.2M in liabilities against $3.5M in assets (debt-to-asset ratio: 119.7%), resulting in net assets of $-694,664.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.6M	$3.1M	$3.5M	$4.2M	—	—
2022	$2.9M	$3.0M	$3.6M	$3.9M	—	View 990
2021	$3.2M	$3.3M	$4.0M	$4.2M	—	View 990
2020	$2.8M	$3.1M	$4.3M	$4.3M	—	—
2019	$2.9M	$3.1M	$4.4M	$4.1M	—	View 990
2018	$3.1M	$3.2M	$4.6M	$4.1M	—	View 990
2017	$2.8M	$3.2M	$4.5M	$3.9M	—	—
2016	$3.0M	$3.1M	$5.1M	$4.1M	—	View 990
2015	$3.4M	$3.2M	$4.8M	$3.8M	—	View 990
2014	$3.5M	$3.3M	$4.7M	$3.8M	—	View 990
2013	$3.1M	$3.3M	$4.3M	$3.5M	—	View 990
2012	$2.4M	$3.2M	$4.1M	$3.1M	—	View 990
2011	$3.2M	$3.3M	$4.1M	$2.3M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.6M, expenses of $3.1M, and assets of $3.5M (revenue -11.2% year-over-year).
2022: Revenue of $2.9M, expenses of $3.0M, and assets of $3.6M (revenue -7.0% year-over-year).
2021: Revenue of $3.2M, expenses of $3.3M, and assets of $4.0M (revenue +14.0% year-over-year).
2020: Revenue of $2.8M, expenses of $3.1M, and assets of $4.3M (revenue -4.5% year-over-year).
2019: Revenue of $2.9M, expenses of $3.1M, and assets of $4.4M (revenue -5.3% year-over-year).
2018: Revenue of $3.1M, expenses of $3.2M, and assets of $4.6M (revenue +9.7% year-over-year).
2017: Revenue of $2.8M, expenses of $3.2M, and assets of $4.5M (revenue -8.0% year-over-year).
2016: Revenue of $3.0M, expenses of $3.1M, and assets of $5.1M (revenue -10.1% year-over-year).
2015: Revenue of $3.4M, expenses of $3.2M, and assets of $4.8M (revenue -2.4% year-over-year).
2014: Revenue of $3.5M, expenses of $3.3M, and assets of $4.7M (revenue +11.8% year-over-year).
2013: Revenue of $3.1M, expenses of $3.3M, and assets of $4.3M (revenue +29.7% year-over-year).
2012: Revenue of $2.4M, expenses of $3.2M, and assets of $4.1M (revenue -25.5% year-over-year).
2011: Revenue of $3.2M, expenses of $3.3M, and assets of $4.1M.

Data Sources and Methodology

This transparency report for North Fork Housing Alliance Inc 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.