Notre Dame Housing Development Fund Company Inc
Notre Dame Housing Development Fund Company Inc. consistently operates with no reported officer compensation, managing revenues near expenses but with high liabilities.
EIN: 133222083 · Bronx, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $-2,884,508 |
| Transparency Score | 85/100 |
Is Notre Dame Housing Development Fund Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Notre Dame Housing Development Fund Company Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Notre Dame Housing Development Fund Company Inc
Notre Dame Housing Development Fund Company Inc (EIN: 133222083) is a nonprofit organization based in Bronx, NY, classified under NTEE code L200. The organization reported total revenue of $1.9M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Notre Dame Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Notre Dame Housing Development Fund Company Inc is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-320,737 |
| Total Assets | $3.3M |
| Total Liabilities | $6.2M |
| Net Assets | $-2,884,508 |
| Operating Margin | -19.0% |
| Debt-to-Asset Ratio | 188.1% |
| Months of Reserves | 19.6 months |
Financial Health Grade: C
In 2023, Notre Dame Housing Development Fund Company Inc reported a deficit of $321K with expenses exceeding revenue, holds 19.6 months of operating reserves (strong position), has a debt-to-asset ratio of 188.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Notre Dame Housing Development Fund Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.4% | +15.0% | -6.7% |
| 2022 | -0.3% | +0.8% | -3.8% |
| 2021 | +3.4% | +2.9% | -2.1% |
| 2020 | +8.7% | +4.9% | -2.0% |
| 2019 | +0.4% | +2.4% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Notre Dame Housing Development Fund Company Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Notre Dame Housing Development Fund Company Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $321K, with expenses exceeding revenue.
- Debt-to-asset ratio: 188.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of its size with revenues exceeding $1.6 million annually.
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 Notre Dame Housing Development Fund Company Inc's IRS 990 filings:
- Consistent liabilities significantly exceeding assets, e.g., $6,157,374 in liabilities vs. $3,272,866 in assets in 2023.
- Consistent net deficits in recent years, such as expenses of $2,007,813 against revenues of $1,687,076 in 2023.
- Declining trend in total assets from $4,076,010 in 2017 to $3,272,866 in 2023.
Strengths
The following positive indicators were identified for Notre Dame Housing Development Fund Company Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Long operational history with 13 filings, suggesting stability and experience in its mission.
- Revenues generally align closely with expenses, demonstrating operational control despite some deficits.
Frequently Asked Questions about Notre Dame Housing Development Fund Company Inc
Is Notre Dame Housing Development Fund Company Inc a legitimate charity?
Notre Dame Housing Development Fund Company Inc (EIN: 133222083) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Notre Dame Housing Development Fund Company Inc spend its money?
Notre Dame Housing Development Fund Company Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Notre Dame Housing Development Fund Company Inc tax-deductible?
Notre Dame Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 133222083). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Notre Dame Housing Development Fund Company Inc CEO make?
Notre Dame Housing Development Fund Company Inc's highest-compensated officer earns $1.6 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Notre Dame Housing Development Fund Company Inc's spending goes to programs?
Notre Dame Housing Development Fund Company Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Notre Dame Housing Development Fund Company Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Notre Dame Housing Development Fund Company Inc is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Notre Dame Housing Development Fund Company Inc located?
Notre Dame Housing Development Fund Company Inc is headquartered in Bronx, New York and files with the IRS under EIN 133222083. It is classified under NTEE code L200.
How many years of IRS 990 filings does Notre Dame Housing Development Fund Company Inc have?
Notre Dame Housing Development Fund Company Inc 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 $1.9M in total revenue.
Is Notre Dame Housing Development Fund Company Inc. financially sustainable given its consistent liabilities exceeding assets?
The organization's liabilities have consistently exceeded its assets, for example, $6,157,374 in liabilities vs. $3,272,866 in assets in 2023. While this can be typical for housing development funds with significant property debt, it warrants closer examination of the nature of these liabilities and the organization's long-term repayment strategy to assess sustainability.
How does the organization manage to operate without any reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with annual revenues over $1.6 million. This could indicate that executive functions are performed by volunteers, compensated through a related entity, or that the compensation is structured in a way not reported as 'officer compensation' on the 990.
What is the trend of the organization's net assets over time?
The organization's net assets (Assets - Liabilities) have been consistently negative and have shown a declining trend. For example, in 2017, net assets were approximately -$2,443,090 ($4,076,010 - $6,519,100), and by 2023, they were approximately -$2,884,508 ($3,272,866 - $6,157,374), indicating a worsening financial position in this regard.
Filing History
IRS 990 filing history for Notre Dame Housing Development Fund Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Notre Dame Housing Development Fund Company Inc's revenue has grown by 20.9%, moving from $1.4M to $1.7M. Total assets decreased by 19.7% over the same period, from $4.1M to $3.3M. Total functional expenses rose by 20.6%, from $1.7M to $2.0M. In its most recent filing year (2023), Notre Dame Housing Development Fund Company Inc reported a deficit of $321K, with expenses exceeding revenue. The organization holds $6.2M in liabilities against $3.3M in assets (debt-to-asset ratio: 188.1%), resulting in net assets of $-2,884,508.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.0M | $3.3M | $6.2M | — | View 990 |
| 2022 | $1.7M | $1.7M | $3.5M | $6.1M | — | — |
| 2021 | $1.7M | $1.7M | $3.6M | $6.2M | — | View 990 |
| 2020 | $1.7M | $1.7M | $3.7M | $6.3M | — | View 990 |
| 2019 | $1.5M | $1.6M | $3.8M | $6.3M | — | View 990 |
| 2018 | $1.5M | $1.6M | $3.9M | $6.4M | — | View 990 |
| 2017 | $1.5M | $1.7M | $4.1M | $6.5M | — | View 990 |
| 2016 | $1.5M | $1.5M | $3.3M | $5.5M | — | View 990 |
| 2015 | $1.4M | $1.5M | $3.4M | $5.7M | — | — |
| 2014 | $1.4M | $1.5M | $3.6M | $5.8M | — | View 990 |
| 2013 | $1.4M | $1.5M | $3.7M | $5.9M | — | View 990 |
| 2012 | $133 | $1.4M | $3.9M | $6.0M | — | View 990 |
| 2011 | $1.4M | $1.7M | $4.1M | $6.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.0M, and assets of $3.3M (revenue -2.4% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $3.5M (revenue -0.3% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.7M, and assets of $3.6M (revenue +3.4% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.7M, and assets of $3.7M (revenue +8.7% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.6M, and assets of $3.8M (revenue +0.4% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.6M, and assets of $3.9M (revenue +0.4% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.7M, and assets of $4.1M (revenue +1.1% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $3.3M (revenue +5.2% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.5M, and assets of $3.4M (revenue +3.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $3.6M (revenue -0.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.5M, and assets of $3.7M (revenue +1055533.1% year-over-year).
- 2012: Revenue of $133, expenses of $1.4M, and assets of $3.9M (revenue -100.0% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.7M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Notre Dame Housing Development Fund Company Inc:
Data Sources and Methodology
This transparency report for Notre Dame Housing Development Fund Company 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.