North General Aids Housing Development Fund Corporation
North General Aids Housing consistently operates with liabilities exceeding assets, despite stable revenue and expenses.
EIN: 133737001 · New York, NY · NTEE: L80Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| Net Assets | $-1,077,789 |
| Transparency Score | 65/100 |
Is North General Aids 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 →
North General Aids Housing Development Fund Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North General Aids Housing Development Fund Corporation
North General Aids Housing Development Fund Corporation (EIN: 133737001) is a nonprofit organization based in New York, NY, classified under NTEE code L80Z. The organization reported total revenue of $1.8M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North General Aids Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North General Aids Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 28 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$48K |
| Total Assets | $3.1M |
| Total Liabilities | $4.2M |
| Net Assets | $-1,077,789 |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 135.0% |
| Months of Reserves | 28.5 months |
Financial Health Grade: A
In 2023, North General Aids Housing Development Fund Corporation reported a surplus of $48K with revenue exceeding expenses, holds 28.5 months of operating reserves (strong position), has a debt-to-asset ratio of 135.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), North General Aids Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.8% | +4.0% | -1.1% |
| 2022 | +9.1% | -3.7% | -2.2% |
| 2021 | -1.3% | -4.4% | -3.8% |
| 2020 | +16.3% | +10.3% | +2.3% |
| 2019 | -15.6% | +18.2% | -12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 North General Aids 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, North General Aids 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 surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 135.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a fully volunteer executive team or that compensation is categorized differently, which enhances the appearance of low administrative overhead but requires further investigation for clarity.
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 General Aids Housing Development Fund Corporation's IRS 990 filings:
- Consistent liabilities exceeding assets, indicating potential long-term financial risk or significant debt burden (e.g., 202306 liabilities $4,155,565 vs. assets $3,077,776).
- Lack of clarity on how executive functions are compensated given 0% reported officer compensation, which could obscure true administrative costs.
Strengths
The following positive indicators were identified for North General Aids Housing Development Fund Corporation:
- Consistent revenue generation, generally covering annual expenses in recent periods (e.g., 202306 revenue $1,343,691 vs. expenses $1,296,077).
- Long history of IRS 990 filings (14 filings), indicating a commitment to transparency and compliance.
- Stable asset base over several years, suggesting consistent operational capacity.
Frequently Asked Questions about North General Aids Housing Development Fund Corporation
Is North General Aids Housing Development Fund Corporation a legitimate charity?
North General Aids Housing Development Fund Corporation (EIN: 133737001) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does North General Aids Housing Development Fund Corporation spend its money?
North General Aids 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 North General Aids Housing Development Fund Corporation tax-deductible?
North General Aids Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133737001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North General Aids Housing Development Fund Corporation's spending goes to programs?
North General Aids Housing Development Fund Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does North General Aids Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), North General Aids Housing Development Fund Corporation is above average for NTEE category L80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is North General Aids Housing Development Fund Corporation located?
North General Aids Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 133737001. It is classified under NTEE code L80Z.
How many years of IRS 990 filings does North General Aids Housing Development Fund Corporation have?
North General Aids Housing Development Fund Corporation 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 $1.8M in total revenue.
What is the nature of the significant liabilities that consistently exceed assets?
The provided data shows liabilities frequently exceeding assets (e.g., 202306 assets $3,077,776 vs. liabilities $4,155,565). Understanding if these are program-related debts, mortgages, or other obligations is crucial for assessing financial risk.
How does the organization sustain operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that executive salaries are reported under other expense categories, which impacts the true administrative cost picture.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While total expenses are provided, a detailed breakdown is necessary to accurately assess spending efficiency and ensure a high percentage of funds are directed towards direct program services.
Filing History
IRS 990 filing history for North General Aids Housing Development Fund Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), North General Aids Housing Development Fund Corporation's revenue has grown by 50.8%, moving from $891K to $1.3M. Total assets decreased by 2% over the same period, from $3.1M to $3.1M. Total functional expenses rose by 24.6%, from $1.0M to $1.3M. In its most recent filing year (2023), North General Aids Housing Development Fund Corporation reported a surplus of $48K, with revenue exceeding expenses. The organization holds $4.2M in liabilities against $3.1M in assets (debt-to-asset ratio: 135.0%), resulting in net assets of $-1,077,789.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $3.1M | $4.2M | — | View 990 |
| 2022 | $1.1M | $1.2M | $3.1M | $4.2M | — | View 990 |
| 2021 | $1.0M | $1.3M | $3.2M | $4.2M | — | View 990 |
| 2020 | $1.1M | $1.4M | $3.3M | $4.1M | — | View 990 |
| 2019 | $911K | $1.2M | $3.2M | $3.7M | — | View 990 |
| 2018 | $1.1M | $1.0M | $3.7M | $3.8M | — | View 990 |
| 2017 | $501K | $712K | $3.7M | $3.9M | — | View 990 |
| 2016 | $1.1M | $1.3M | $2.8M | $4.2M | — | View 990 |
| 2015 | $1.1M | $1.2M | $2.6M | $3.9M | — | View 990 |
| 2014 | $948K | $1.1M | $2.7M | $3.9M | — | View 990 |
| 2013 | $942K | $1.0M | $2.7M | $3.7M | — | View 990 |
| 2012 | $1.1M | $1.1M | $3.6M | $4.5M | — | View 990 |
| 2011 | $816K | $957K | $3.0M | $3.8M | — | View 990 |
| 2010 | $891K | $1.0M | $3.1M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $3.1M (revenue +17.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $3.1M (revenue +9.1% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.3M, and assets of $3.2M (revenue -1.3% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.4M, and assets of $3.3M (revenue +16.3% year-over-year).
- 2019: Revenue of $911K, expenses of $1.2M, and assets of $3.2M (revenue -15.6% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $3.7M (revenue +115.5% year-over-year).
- 2017: Revenue of $501K, expenses of $712K, and assets of $3.7M (revenue -53.9% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.3M, and assets of $2.8M (revenue -0.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $2.6M (revenue +15.0% year-over-year).
- 2014: Revenue of $948K, expenses of $1.1M, and assets of $2.7M (revenue +0.7% year-over-year).
- 2013: Revenue of $942K, expenses of $1.0M, and assets of $2.7M (revenue -12.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $3.6M (revenue +31.3% year-over-year).
- 2011: Revenue of $816K, expenses of $957K, and assets of $3.0M (revenue -8.4% year-over-year).
- 2010: Revenue of $891K, expenses of $1.0M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North General Aids Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for North General Aids 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.