Northeast Brooklyn Housing Development Corporation
Northeast Brooklyn Housing Development Corporation consistently grows assets with zero reported officer compensation.
EIN: 112737223 · Brooklyn, NY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $7.1M |
| Transparency Score | 90/100 |
Is Northeast Brooklyn Housing Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northeast Brooklyn Housing Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northeast Brooklyn Housing Development Corporation
Northeast Brooklyn Housing Development Corporation (EIN: 112737223) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code L20. The organization reported total revenue of $2.7M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeast Brooklyn Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northeast Brooklyn Housing Development Corporation is a mid-size nonprofit that has been operating for 14 years, with 14 years of IRS 990 filings on record (2008–2022). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $8.6M |
| Total Liabilities | $1.5M |
| Net Assets | $7.1M |
| Operating Margin | 28.8% |
| Debt-to-Asset Ratio | 17.6% |
| Months of Reserves | 38.1 months |
Financial Health Grade: A
In 2022, Northeast Brooklyn Housing Development Corporation reported a surplus of $1.1M with revenue exceeding expenses, holds 38.1 months of operating reserves (strong position), has a debt-to-asset ratio of 17.6% (very low leverage).
Financial Trends
Over 14 years of filings (2008–2022), Northeast Brooklyn Housing Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +62.0% | +17.0% | +8.1% |
| 2021 | -10.1% | -12.3% | +6.5% |
| 2020 | -26.9% | -19.7% | +29.8% |
| 2019 | +4.4% | -3.3% | +4.2% |
| 2018 | -16.4% | -11.6% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Northeast Brooklyn Housing Development Corporation with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Northeast Brooklyn Housing Development Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with assets exceeding $8 million and annual revenues in the millions, suggesting either volunteer leadership or compensation is covered by other entities or not reported in this section.
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 Northeast Brooklyn Housing Development Corporation's IRS 990 filings:
- Unusually low (0%) officer compensation reported, which may warrant further investigation into how leadership is compensated or if services are provided pro bono.
Strengths
The following positive indicators were identified for Northeast Brooklyn Housing Development Corporation:
- Consistent asset growth, from $1.85M in 2013 to $8.59M in 2022, demonstrating strong financial management.
- Positive net income in most years, indicating sustainable operations (e.g., 2022 revenue $3.79M vs. expenses $2.70M).
- Zero reported officer compensation across all filings, suggesting a high dedication of funds to programmatic activities.
- Stable liabilities relative to assets, indicating responsible financial leverage.
Frequently Asked Questions about Northeast Brooklyn Housing Development Corporation
Is Northeast Brooklyn Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeast Brooklyn Housing Development Corporation (EIN: 112737223) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Northeast Brooklyn Housing Development Corporation spend its money?
Northeast Brooklyn Housing Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northeast Brooklyn Housing Development Corporation tax-deductible?
Northeast Brooklyn Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 112737223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Northeast Brooklyn Housing Development Corporation CEO make?
Northeast Brooklyn Housing Development Corporation's highest-compensated officer earns $8 annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Northeast Brooklyn Housing Development Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Northeast Brooklyn Housing Development Corporation is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northeast Brooklyn Housing Development Corporation located?
Northeast Brooklyn Housing Development Corporation is headquartered in Brooklyn, New York and files with the IRS under EIN 112737223. It is classified under NTEE code L20.
How many years of IRS 990 filings does Northeast Brooklyn Housing Development Corporation have?
Northeast Brooklyn Housing Development 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 $2.7M in total revenue.
Is Northeast Brooklyn Housing Development Corporation a good charity?
Based on the provided financial data, the organization appears to be a good charity. It consistently maintains a positive financial position, grows its assets, and notably reports 0% officer compensation, suggesting a strong dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $1,853,526 in 2013 to $8,598,007 in 2022. Revenues have generally exceeded expenses, leading to consistent surpluses and asset accumulation.
What is the significance of 0% officer compensation?
The 0% officer compensation is highly significant as it indicates that no salaries were paid to officers from the organization's funds, which is a strong positive for resource allocation directly to programs and transparency. However, it could also imply that officers are volunteers or compensated through other means not reflected in this specific data point.
Filing History
IRS 990 filing history for Northeast Brooklyn Housing Development Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2008–2022), Northeast Brooklyn Housing Development Corporation's revenue has grown by 45.1%, moving from $2.6M to $3.8M. Total assets increased by 521.3% over the same period, from $1.4M to $8.6M. Total functional expenses rose by 21.2%, from $2.2M to $2.7M. In its most recent filing year (2022), Northeast Brooklyn Housing Development Corporation reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $8.6M in assets (debt-to-asset ratio: 17.6%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.8M | $2.7M | $8.6M | $1.5M | — | View 990 |
| 2021 | $2.3M | $2.3M | $8.0M | $1.4M | — | View 990 |
| 2020 | $2.6M | $2.6M | $7.5M | $1.9M | — | View 990 |
| 2019 | $3.6M | $3.3M | $5.8M | $1.4M | — | View 990 |
| 2018 | $3.4M | $3.4M | $5.5M | $1.6M | — | View 990 |
| 2017 | $4.1M | $3.8M | $5.1M | $1.2M | — | View 990 |
| 2016 | $5.7M | $4.5M | $4.7M | $1.0M | — | View 990 |
| 2015 | $3.8M | $3.4M | $3.1M | $877K | — | View 990 |
| 2014 | $3.9M | $3.5M | $2.3M | $703K | — | View 990 |
| 2013 | $2.7M | $2.8M | $1.9M | $701K | — | View 990 |
| 2012 | $2.5M | $2.5M | $1.5M | $966K | — | View 990 |
| 2010 | $2.3M | $3.0M | $1.6M | $728K | — | — |
| 2009 | $2.3M | $2.1M | $1.6M | $381K | — | View 990 |
| 2008 | $2.6M | $2.2M | $1.4M | $351K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.8M, expenses of $2.7M, and assets of $8.6M (revenue +62.0% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.3M, and assets of $8.0M (revenue -10.1% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.6M, and assets of $7.5M (revenue -26.9% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.3M, and assets of $5.8M (revenue +4.4% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.4M, and assets of $5.5M (revenue -16.4% year-over-year).
- 2017: Revenue of $4.1M, expenses of $3.8M, and assets of $5.1M (revenue -27.6% year-over-year).
- 2016: Revenue of $5.7M, expenses of $4.5M, and assets of $4.7M (revenue +49.3% year-over-year).
- 2015: Revenue of $3.8M, expenses of $3.4M, and assets of $3.1M (revenue -3.2% year-over-year).
- 2014: Revenue of $3.9M, expenses of $3.5M, and assets of $2.3M (revenue +42.8% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.8M, and assets of $1.9M (revenue +11.5% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.5M, and assets of $1.5M (revenue +8.5% year-over-year).
- 2010: Revenue of $2.3M, expenses of $3.0M, and assets of $1.6M (revenue -2.2% year-over-year).
- 2009: Revenue of $2.3M, expenses of $2.1M, and assets of $1.6M (revenue -11.6% year-over-year).
- 2008: Revenue of $2.6M, expenses of $2.2M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northeast Brooklyn Housing Development Corporation:
Data Sources and Methodology
This transparency report for Northeast Brooklyn Housing 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.