Northeastern Conference House Housing Development Fund Co Inc
Northeastern Conference House Housing Development Fund Co Inc consistently operates at a deficit with declining assets and high liabilities.
EIN: 112574893 · Queens Vlg, NY · NTEE: L21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.4M |
| Program Spending | 80% |
| Net Assets | $-4,511,967 |
| Transparency Score | 45/100 |
Is Northeastern Conference House Housing Development Fund Co Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northeastern Conference House Housing Development Fund Co Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northeastern Conference House Housing Development Fund Co Inc
Northeastern Conference House Housing Development Fund Co Inc (EIN: 112574893) is a nonprofit organization based in Queens Vlg, NY, classified under NTEE code L21Z. The organization reported total revenue of $2.1M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeastern Conference House Housing Development Fund Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northeastern Conference House Housing Development Fund Co Inc is a mid-size nonprofit that has been operating for 45 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-418,802 |
| Total Assets | $5.1M |
| Total Liabilities | $9.6M |
| Net Assets | $-4,511,967 |
| Operating Margin | -20.9% |
| Debt-to-Asset Ratio | 188.4% |
| Months of Reserves | 25.2 months |
Financial Health Grade: C
In 2023, Northeastern Conference House Housing Development Fund Co Inc reported a deficit of $419K with expenses exceeding revenue, holds 25.2 months of operating reserves (strong position), has a debt-to-asset ratio of 188.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Northeastern Conference House Housing Development Fund Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.8% | +8.0% | -9.8% |
| 2022 | +10.9% | -0.1% | -5.2% |
| 2021 | +0.8% | -2.6% | -5.6% |
| 2020 | -4.0% | -1.8% | -9.5% |
| 2019 | -12.7% | +2.9% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Northeastern Conference House Housing Development Fund Co Inc with a Mission Score of 45 out of 100 (Fair). 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, Northeastern Conference House Housing Development Fund Co Inc 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 $419K, with expenses exceeding revenue.
- Debt-to-asset ratio: 188.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no officers received compensation from the organization, which is a positive aspect regarding resource allocation.
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 Northeastern Conference House Housing Development Fund Co Inc's IRS 990 filings:
- Consistent operational deficits: Expenses have exceeded revenue in every reported year since 2016, indicating an unsustainable financial model.
- Declining asset base: Assets have decreased from $7,379,935 in 2018 to $5,103,924 in 2023, suggesting a depletion of resources.
- High liabilities relative to assets: Liabilities consistently far outweigh assets (e.g., $9,615,891 liabilities vs. $5,103,924 assets in 2023), indicating significant financial risk.
- Negative revenue in earlier periods: The 2013 filing shows negative revenue of $-59,491, which is highly unusual and concerning.
Strengths
The following positive indicators were identified for Northeastern Conference House Housing Development Fund Co Inc:
- Consistent IRS 990 filing history: 12 filings demonstrate a commitment to transparency and compliance.
- 0% Officer Compensation: No compensation reported for officers across all available periods, indicating that leadership is not drawing salaries from the organization's funds.
Frequently Asked Questions about Northeastern Conference House Housing Development Fund Co Inc
Is Northeastern Conference House Housing Development Fund Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeastern Conference House Housing Development Fund Co Inc (EIN: 112574893) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Northeastern Conference House Housing Development Fund Co Inc spend its money?
Northeastern Conference House Housing Development Fund Co Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northeastern Conference House Housing Development Fund Co Inc tax-deductible?
Northeastern Conference House Housing Development Fund Co Inc is registered as a tax-exempt nonprofit (EIN: 112574893). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Northeastern Conference House Housing Development Fund Co Inc's spending goes to programs?
Northeastern Conference House Housing Development Fund Co Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northeastern Conference House Housing Development Fund Co Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Northeastern Conference House Housing Development Fund Co Inc is near average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northeastern Conference House Housing Development Fund Co Inc located?
Northeastern Conference House Housing Development Fund Co Inc is headquartered in Queens Vlg, New York and files with the IRS under EIN 112574893. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Northeastern Conference House Housing Development Fund Co Inc have?
Northeastern Conference House Housing Development Fund Co Inc has 12 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 $2.1M in total revenue.
Is Northeastern Conference House Housing Development Fund Co Inc a good charity?
While the organization's mission in housing development is valuable and it reports 0% officer compensation, its consistent operational deficits and declining asset base raise significant concerns about its long-term financial viability and ability to sustain its programs. A 'good' charity typically demonstrates financial stability and efficient use of resources, which are not clearly evident here.
What is the primary reason for the organization's financial struggles?
The primary reason appears to be a consistent inability to generate sufficient revenue to cover its expenses. For example, in 2023, expenses exceeded revenue by over $400,000. This pattern has been observed for many years, leading to a depletion of assets and a high level of liabilities.
How has the organization's asset base changed over time?
The organization's assets have been steadily declining. From $7,379,935 in 2018, assets decreased to $5,103,924 in 2023, representing a significant reduction of over $2.2 million in five years.
What is the organization's liability situation?
The organization carries a substantial amount of liabilities, consistently exceeding its assets. In 2023, liabilities were $9,615,891, nearly double its assets of $5,103,924. This high liability-to-asset ratio indicates a significant debt burden or other financial obligations.
Filing History
IRS 990 filing history for Northeastern Conference House Housing Development Fund Co Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Northeastern Conference House Housing Development Fund Co Inc's revenue has grown by 1106.2%, moving from $166K to $2.0M. Total assets increased by 55.3% over the same period, from $3.3M to $5.1M. Total functional expenses rose by 3923.5%, from $60K to $2.4M. In its most recent filing year (2023), Northeastern Conference House Housing Development Fund Co Inc reported a deficit of $419K, with expenses exceeding revenue. The organization holds $9.6M in liabilities against $5.1M in assets (debt-to-asset ratio: 188.4%), resulting in net assets of $-4,511,967.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.4M | $5.1M | $9.6M | — | View 990 |
| 2022 | $2.1M | $2.2M | $5.7M | $9.8M | — | View 990 |
| 2021 | $1.9M | $2.2M | $6.0M | $9.9M | — | View 990 |
| 2020 | $1.9M | $2.3M | $6.3M | $9.9M | — | View 990 |
| 2019 | $2.0M | $2.4M | $7.0M | $10.2M | — | View 990 |
| 2018 | $2.3M | $2.3M | $7.4M | $10.2M | — | View 990 |
| 2017 | $1.9M | $2.3M | $7.8M | $10.5M | — | View 990 |
| 2016 | $1.8M | $2.2M | $8.8M | $11.2M | — | View 990 |
| 2015 | $25K | $38K | $9.1M | $11.1M | — | View 990 |
| 2013 | $-59,491 | $67K | $3.2M | $5.2M | — | View 990 |
| 2012 | $207K | $59K | $3.2M | $5.1M | — | View 990 |
| 2011 | $166K | $60K | $3.3M | $5.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.4M, and assets of $5.1M (revenue -4.8% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.2M, and assets of $5.7M (revenue +10.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.2M, and assets of $6.0M (revenue +0.8% year-over-year).
- 2020: Revenue of $1.9M, expenses of $2.3M, and assets of $6.3M (revenue -4.0% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.4M, and assets of $7.0M (revenue -12.7% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.3M, and assets of $7.4M (revenue +19.7% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.3M, and assets of $7.8M (revenue +3.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $2.2M, and assets of $8.8M (revenue +7041.1% year-over-year).
- 2015: Revenue of $25K, expenses of $38K, and assets of $9.1M.
- 2013: Revenue of $-59,491, expenses of $67K, and assets of $3.2M (revenue -128.7% year-over-year).
- 2012: Revenue of $207K, expenses of $59K, and assets of $3.2M (revenue +24.5% year-over-year).
- 2011: Revenue of $166K, expenses of $60K, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northeastern Conference House Housing Development Fund Co Inc:
Data Sources and Methodology
This transparency report for Northeastern Conference House Housing Development Fund Co 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.