Nosotros Housing Development Fund Corporation
Nosotros Housing Development Fund Corporation faces persistent operating deficits and declining assets.
EIN: 133701038 · Bronx, NY · NTEE: L800 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| Net Assets | $1.5M |
| Transparency Score | 65/100 |
Is Nosotros 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 →
Nosotros Housing Development Fund Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nosotros Housing Development Fund Corporation
Nosotros Housing Development Fund Corporation (EIN: 133701038) is a nonprofit organization based in Bronx, NY, classified under NTEE code L800. The organization reported total revenue of $2.1M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nosotros Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nosotros Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-329,244 |
| Total Assets | $2.7M |
| Total Liabilities | $1.1M |
| Net Assets | $1.5M |
| Operating Margin | -16.4% |
| Debt-to-Asset Ratio | 42.4% |
| Months of Reserves | 13.7 months |
Financial Health Grade: B
In 2023, Nosotros Housing Development Fund Corporation reported a deficit of $329K with expenses exceeding revenue, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 42.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nosotros Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | -1.2% | -5.9% |
| 2022 | -0.6% | +9.3% | -5.4% |
| 2021 | +4.2% | +3.6% | -7.8% |
| 2020 | -45.0% | -4.0% | -10.0% |
| 2019 | +97.8% | -0.5% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Nosotros 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, Nosotros 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 deficit of $329K, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and suggests a volunteer-led or externally managed 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 Nosotros Housing Development Fund Corporation's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in most recent years (e.g., $2,336,870 expenses vs. $2,007,626 revenue in 2023).
- Significant decline in total assets over the past decade, from $5,474,645 in 2014 to $2,663,912 in 2023.
- Liabilities have fluctuated but remain substantial relative to assets (e.g., $1,129,629 in liabilities in 2023).
Strengths
The following positive indicators were identified for Nosotros Housing Development Fund Corporation:
- Consistent reporting of 0% officer compensation, indicating no salaries paid to officers.
- Long history of IRS 990 filings (13 filings), demonstrating transparency.
- Maintains a significant asset base, providing some financial cushion despite deficits.
Frequently Asked Questions about Nosotros Housing Development Fund Corporation
Is Nosotros Housing Development Fund Corporation a legitimate charity?
Nosotros Housing Development Fund Corporation (EIN: 133701038) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Nosotros Housing Development Fund Corporation spend its money?
Nosotros 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 Nosotros Housing Development Fund Corporation tax-deductible?
Nosotros Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133701038). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nosotros Housing Development Fund Corporation's spending goes to programs?
Nosotros Housing Development Fund Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nosotros Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Nosotros Housing Development Fund Corporation is above average for NTEE category L800 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nosotros Housing Development Fund Corporation located?
Nosotros Housing Development Fund Corporation is headquartered in Bronx, New York and files with the IRS under EIN 133701038. It is classified under NTEE code L800.
How many years of IRS 990 filings does Nosotros Housing Development Fund Corporation have?
Nosotros Housing Development Fund Corporation has 13 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.
How does Nosotros Housing Development Fund Corporation cover its consistent operating deficits?
The organization appears to be covering its operating deficits by drawing down its asset base, which has decreased from $5,474,645 in 2014 to $2,663,912 in 2023.
What is the long-term sustainability plan given the declining assets?
The filings do not explicitly state a long-term sustainability plan, but the trend of declining assets suggests a need for strategic financial planning to reverse the deficits.
Why is officer compensation consistently reported as 0%?
A 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or that compensation is structured in a way not reported as 'officer compensation' on the 990, such as through a management company.
Filing History
IRS 990 filing history for Nosotros Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nosotros Housing Development Fund Corporation's revenue has grown by 33.9%, moving from $1.5M to $2.0M. Total assets decreased by 57.2% over the same period, from $6.2M to $2.7M. Total functional expenses rose by 21.4%, from $1.9M to $2.3M. In its most recent filing year (2023), Nosotros Housing Development Fund Corporation reported a deficit of $329K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $2.7M in assets (debt-to-asset ratio: 42.4%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.3M | $2.7M | $1.1M | — | — |
| 2022 | $1.9M | $2.4M | $2.8M | $968K | — | View 990 |
| 2021 | $1.9M | $2.2M | $3.0M | $696K | — | View 990 |
| 2020 | $1.9M | $2.1M | $3.2M | $729K | — | View 990 |
| 2019 | $3.4M | $2.2M | $3.6M | $868K | — | View 990 |
| 2018 | $1.7M | $2.2M | $3.9M | $2.4M | — | View 990 |
| 2017 | $1.7M | $2.0M | $4.1M | $2.1M | — | — |
| 2016 | $1.7M | $1.8M | $4.9M | $2.6M | — | View 990 |
| 2015 | $1.7M | $1.8M | $5.2M | $2.7M | — | View 990 |
| 2014 | $1.6M | $1.9M | $5.5M | $2.8M | — | View 990 |
| 2013 | $9.1M | $1.9M | $5.7M | $2.9M | — | View 990 |
| 2012 | $1.6M | $1.9M | $6.0M | $10.4M | — | View 990 |
| 2011 | $1.5M | $1.9M | $6.2M | $10.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.3M, and assets of $2.7M (revenue +3.9% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.4M, and assets of $2.8M (revenue -0.6% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.2M, and assets of $3.0M (revenue +4.2% year-over-year).
- 2020: Revenue of $1.9M, expenses of $2.1M, and assets of $3.2M (revenue -45.0% year-over-year).
- 2019: Revenue of $3.4M, expenses of $2.2M, and assets of $3.6M (revenue +97.8% year-over-year).
- 2018: Revenue of $1.7M, expenses of $2.2M, and assets of $3.9M (revenue +0.4% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.0M, and assets of $4.1M (revenue +2.7% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.8M, and assets of $4.9M (revenue -0.3% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.8M, and assets of $5.2M (revenue +1.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.9M, and assets of $5.5M (revenue -82.0% year-over-year).
- 2013: Revenue of $9.1M, expenses of $1.9M, and assets of $5.7M (revenue +487.1% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.9M, and assets of $6.0M (revenue +3.8% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.9M, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nosotros Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Nosotros 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.