Pilot Cove Manor Housing Development Company Inc
Pilot Cove Manor Housing consistently operates with a surplus and zero executive compensation, while managing a long-term decline in assets and liabilities.
EIN: 133017060 · Bronx, NY · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.9M |
| Transparency Score | 92/100 |
Is Pilot Cove Manor Housing Development Company Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pilot Cove Manor Housing Development Company Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pilot Cove Manor Housing Development Company Inc
Pilot Cove Manor Housing Development Company Inc (EIN: 133017060) is a nonprofit organization based in Bronx, NY, classified under NTEE code L22Z. The organization reported total revenue of $2.1M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pilot Cove Manor Housing Development Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pilot Cove Manor Housing Development Company 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 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$238K |
| Total Assets | $3.1M |
| Total Liabilities | $214K |
| Net Assets | $2.9M |
| Operating Margin | 11.6% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 20.3 months |
Financial Health Grade: A
In 2023, Pilot Cove Manor Housing Development Company Inc reported a surplus of $238K with revenue exceeding expenses, holds 20.3 months of operating reserves (strong position), has a debt-to-asset ratio of 7.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Pilot Cove Manor Housing Development Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | -2.5% | +10.2% |
| 2022 | +0.9% | +3.6% | -11.7% |
| 2021 | -5.1% | +6.1% | -18.2% |
| 2020 | +2.8% | -7.4% | -23.9% |
| 2018 | +5.3% | +12.5% | -14.0% |
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 Pilot Cove Manor Housing Development Company Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Pilot Cove Manor Housing Development Company Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $238K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for an organization of its size with over $2 million in annual revenue.
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.
Strengths
The following positive indicators were identified for Pilot Cove Manor Housing Development Company Inc:
- Consistent operational surplus (e.g., $237,581 in 2023)
- Zero executive compensation reported across all filings
- Significant reduction in liabilities over the past decade (from $3.9M in 2013 to $0.2M in 2023)
- Stable revenue generation over time, consistently above $1.6 million annually
Frequently Asked Questions about Pilot Cove Manor Housing Development Company Inc
Is Pilot Cove Manor Housing Development Company Inc a legitimate charity?
Pilot Cove Manor Housing Development Company Inc (EIN: 133017060) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.1M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Pilot Cove Manor Housing Development Company Inc spend its money?
Pilot Cove Manor Housing Development Company Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Pilot Cove Manor Housing Development Company Inc tax-deductible?
Pilot Cove Manor Housing Development Company Inc is registered as a tax-exempt nonprofit (EIN: 133017060). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pilot Cove Manor Housing Development Company Inc CEO make?
Pilot Cove Manor Housing Development Company Inc's highest-compensated officer earns $2 annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pilot Cove Manor Housing Development Company Inc's spending goes to programs?
Pilot Cove Manor Housing Development Company Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pilot Cove Manor Housing Development Company Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Pilot Cove Manor Housing Development Company Inc is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pilot Cove Manor Housing Development Company Inc located?
Pilot Cove Manor Housing Development Company Inc is headquartered in Bronx, New York and files with the IRS under EIN 133017060. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Pilot Cove Manor Housing Development Company Inc have?
Pilot Cove Manor Housing Development Company 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 Pilot Cove Manor Housing Development Company Inc a good charity?
Based on the available data, Pilot Cove Manor Housing Development Company Inc appears to be a well-managed organization. It consistently operates with a surplus, has zero executive compensation, and has significantly reduced its liabilities over time, all of which are positive indicators of financial health and mission focus.
What is the trend in the organization's assets and liabilities?
The organization's assets have shown a consistent decline from $8,187,307 in 2013 to $3,074,496 in 2023. Concurrently, liabilities have also significantly decreased from $3,905,631 in 2013 to $214,082 in 2023, suggesting a strategic reduction in debt.
How does the organization's revenue compare to its expenses?
Pilot Cove Manor Housing Development Company Inc consistently generates more revenue than it incurs in expenses. For example, in 2023, revenue was $2,051,289 against expenses of $1,813,708, resulting in a surplus of $237,581.
Filing History
IRS 990 filing history for Pilot Cove Manor Housing Development Company Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Pilot Cove Manor Housing Development Company Inc's revenue has grown by 5.8%, moving from $1.9M to $2.1M. Total assets decreased by 65.3% over the same period, from $8.9M to $3.1M. Total functional expenses rose by 14.5%, from $1.6M to $1.8M. In its most recent filing year (2023), Pilot Cove Manor Housing Development Company Inc reported a surplus of $238K, with revenue exceeding expenses. The organization holds $214K in liabilities against $3.1M in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.8M | $3.1M | $214K | — | — |
| 2022 | $1.9M | $1.9M | $2.8M | $444K | — | View 990 |
| 2021 | $1.9M | $1.8M | $3.2M | $656K | — | View 990 |
| 2020 | $2.0M | $1.7M | $3.9M | $1.0M | — | — |
| 2018 | $1.9M | $1.8M | $5.1M | $2.0M | — | View 990 |
| 2017 | $1.8M | $1.6M | $5.9M | $2.5M | — | View 990 |
| 2016 | $1.7M | $1.6M | $6.7M | $3.1M | — | View 990 |
| 2015 | $1.8M | $1.7M | $7.4M | $3.5M | — | View 990 |
| 2014 | $1.8M | $1.5M | $7.8M | $3.6M | — | View 990 |
| 2013 | $1.6M | $1.5M | $8.2M | $3.9M | — | View 990 |
| 2012 | $1.7M | $1.5M | $8.7M | $4.2M | — | View 990 |
| 2011 | $1.9M | $1.6M | $8.9M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.8M, and assets of $3.1M (revenue +8.6% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.9M, and assets of $2.8M (revenue +0.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.8M, and assets of $3.2M (revenue -5.1% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.7M, and assets of $3.9M (revenue +2.8% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $5.1M (revenue +5.3% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.6M, and assets of $5.9M (revenue +4.9% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $6.7M (revenue -4.9% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $7.4M (revenue +2.4% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.5M, and assets of $7.8M (revenue +8.2% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.5M, and assets of $8.2M (revenue -0.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.5M, and assets of $8.7M (revenue -14.4% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.6M, and assets of $8.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pilot Cove Manor Housing Development Company Inc:
Data Sources and Methodology
This transparency report for Pilot Cove Manor Housing Development 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.