Presbyterian Housing Development Fund Corporation Of Queens
Presbyterian Housing Development Fund Corporation Of Queens consistently operates with expenses exceeding revenue, while assets and liabilities have gradually declined over the past decade.
EIN: 133171862 · Lake Success, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.7M |
| Program Spending | 85% |
| Net Assets | $-2,483,354 |
| Transparency Score | 75/100 |
Is Presbyterian Housing Development Fund Corporation Of Queens Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Presbyterian Housing Development Fund Corporation Of Queens directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Presbyterian Housing Development Fund Corporation Of Queens
Presbyterian Housing Development Fund Corporation Of Queens (EIN: 133171862) is a nonprofit organization based in Lake Success, NY, classified under NTEE code L200. The organization reported total revenue of $2.7M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Presbyterian Housing Development Fund Corporation Of Queens's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Presbyterian Housing Development Fund Corporation Of Queens is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-195,932 |
| Total Assets | $5.3M |
| Total Liabilities | $7.8M |
| Net Assets | $-2,483,354 |
| Operating Margin | -7.9% |
| Debt-to-Asset Ratio | 147.0% |
| Months of Reserves | 23.5 months |
Financial Health Grade: C
In 2023, Presbyterian Housing Development Fund Corporation Of Queens reported a deficit of $196K with expenses exceeding revenue, holds 23.5 months of operating reserves (strong position), has a debt-to-asset ratio of 147.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Presbyterian Housing Development Fund Corporation Of Queens's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | +4.4% | -5.6% |
| 2022 | +2.3% | +6.6% | -4.8% |
| 2021 | +1.0% | +1.9% | -3.0% |
| 2020 | +1.9% | -0.6% | -1.6% |
| 2019 | +2.2% | +2.9% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Presbyterian Housing Development Fund Corporation Of Queens with a Mission Score of 75 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: 85%
- fundraising: 0%
According to IRS 990 filings, Presbyterian Housing Development Fund Corporation Of Queens allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 $196K, with expenses exceeding revenue.
- Debt-to-asset ratio: 147.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of this size.
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 Presbyterian Housing Development Fund Corporation Of Queens's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent periods, such as $2,691,369 expenses vs. $2,495,437 revenue in 202308.
- Declining asset base from $8,536,022 in 201408 to $4,979,011 currently, which could impact long-term capacity.
Strengths
The following positive indicators were identified for Presbyterian Housing Development Fund Corporation Of Queens:
- Zero reported officer compensation across all 13 filings, indicating highly efficient executive-level spending.
- Consistent filing of IRS 990s over 13 periods demonstrates strong transparency and compliance.
- NTEE code L200 suggests a clear focus on housing development, construction, and management, aligning with a direct program mission.
Frequently Asked Questions about Presbyterian Housing Development Fund Corporation Of Queens
Is Presbyterian Housing Development Fund Corporation Of Queens a legitimate charity?
Based on AI analysis of IRS 990 filings, Presbyterian Housing Development Fund Corporation Of Queens (EIN: 133171862) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Presbyterian Housing Development Fund Corporation Of Queens spend its money?
Presbyterian Housing Development Fund Corporation Of Queens directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Presbyterian Housing Development Fund Corporation Of Queens tax-deductible?
Presbyterian Housing Development Fund Corporation Of Queens is registered as a tax-exempt nonprofit (EIN: 133171862). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Presbyterian Housing Development Fund Corporation Of Queens compare to similar nonprofits?
With a transparency score of 75/100 (Good), Presbyterian Housing Development Fund Corporation Of Queens 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 Presbyterian Housing Development Fund Corporation Of Queens located?
Presbyterian Housing Development Fund Corporation Of Queens is headquartered in Lake Success, New York and files with the IRS under EIN 133171862. It is classified under NTEE code L200.
How many years of IRS 990 filings does Presbyterian Housing Development Fund Corporation Of Queens have?
Presbyterian Housing Development Fund Corporation Of Queens 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 $2.7M in total revenue.
Is Presbyterian Housing Development Fund Corporation Of Queens financially sustainable given its consistent operational deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $2,691,369 expenses vs. $2,495,437 revenue in 202308). While this suggests a reliance on reserves or other funding, the long-term sustainability depends on the nature of these deficits and the organization's ability to secure future funding or adjust spending.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information would be crucial for a more precise assessment of spending efficiency.
Why have the organization's assets and liabilities been declining over the past decade?
Assets have decreased from $8,536,022 in 201408 to $4,979,011 currently, and liabilities have also decreased. This could indicate a strategic reduction in scale, divestment of properties, or repayment of long-term debt, but the specific reasons are not detailed in the provided data.
Filing History
IRS 990 filing history for Presbyterian Housing Development Fund Corporation Of Queens showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Presbyterian Housing Development Fund Corporation Of Queens's revenue has grown by 18.4%, moving from $2.1M to $2.5M. Total assets increased by 8.9% over the same period, from $4.8M to $5.3M. Total functional expenses rose by 30.5%, from $2.1M to $2.7M. In its most recent filing year (2023), Presbyterian Housing Development Fund Corporation Of Queens reported a deficit of $196K, with expenses exceeding revenue. The organization holds $7.8M in liabilities against $5.3M in assets (debt-to-asset ratio: 147.0%), resulting in net assets of $-2,483,354.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.7M | $5.3M | $7.8M | — | View 990 |
| 2022 | $2.4M | $2.6M | $5.6M | $7.9M | — | View 990 |
| 2021 | $2.4M | $2.4M | $5.9M | $8.0M | — | View 990 |
| 2020 | $2.4M | $2.4M | $6.1M | $8.2M | — | View 990 |
| 2019 | $2.3M | $2.4M | $6.2M | $8.2M | — | View 990 |
| 2018 | $2.3M | $2.3M | $6.3M | $8.4M | — | View 990 |
| 2017 | $2.2M | $2.3M | $6.5M | $8.4M | — | View 990 |
| 2016 | $2.2M | $2.2M | $8.2M | $10.1M | — | View 990 |
| 2015 | $2.2M | $2.3M | $8.3M | $10.2M | — | View 990 |
| 2014 | $2.2M | $2.1M | $8.5M | $10.3M | — | View 990 |
| 2013 | $2.1M | $2.1M | $4.3M | $6.1M | — | View 990 |
| 2012 | $2.1M | $2.0M | $4.5M | $6.4M | — | View 990 |
| 2011 | $2.1M | $2.1M | $4.8M | $6.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.7M, and assets of $5.3M (revenue +2.3% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.6M, and assets of $5.6M (revenue +2.3% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.4M, and assets of $5.9M (revenue +1.0% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.4M, and assets of $6.1M (revenue +1.9% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.4M, and assets of $6.2M (revenue +2.2% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.3M, and assets of $6.3M (revenue +1.1% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.3M, and assets of $6.5M (revenue +1.3% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.2M, and assets of $8.2M (revenue +2.1% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.3M, and assets of $8.3M (revenue +0.5% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.1M, and assets of $8.5M (revenue +0.6% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.1M, and assets of $4.3M (revenue +2.0% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.0M, and assets of $4.5M (revenue -0.2% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.1M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Presbyterian Housing Development Fund Corporation Of Queens:
Data Sources and Methodology
This transparency report for Presbyterian Housing Development Fund Corporation Of Queens 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.