Project Linkage Housing Development Fund Corporation
Project Linkage Housing Development Fund Corporation shows recent financial growth and no executive compensation.
EIN: 133749468 · New York, NY · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $-2,842,135 |
| Transparency Score | 80/100 |
Is Project Linkage 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 →
Project Linkage Housing Development Fund Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Linkage Housing Development Fund Corporation
Project Linkage Housing Development Fund Corporation (EIN: 133749468) is a nonprofit organization based in New York, NY, classified under NTEE code L21. The organization reported total revenue of $2.2M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Linkage Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Linkage 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 11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$547K |
| Total Assets | $4.7M |
| Total Liabilities | $7.6M |
| Net Assets | $-2,842,135 |
| Operating Margin | 24.4% |
| Debt-to-Asset Ratio | 160.1% |
| Months of Reserves | 33.6 months |
Financial Health Grade: A
In 2023, Project Linkage Housing Development Fund Corporation reported a surplus of $547K with revenue exceeding expenses, holds 33.6 months of operating reserves (strong position), has a debt-to-asset ratio of 160.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Project Linkage Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.5% | +15.7% | +16.8% |
| 2022 | +23.0% | +7.8% | -3.2% |
| 2021 | +9.7% | +3.2% | -3.7% |
| 2020 | +3.2% | +8.3% | -1.6% |
| 2019 | -0.3% | +6.0% | -5.1% |
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 Project Linkage Housing Development Fund Corporation with a Mission Score of 80 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, Project Linkage Housing Development Fund Corporation 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 surplus of $547K, with revenue exceeding expenses.
- Debt-to-asset ratio: 160.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization of its size with assets over $4 million.
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 Project Linkage Housing Development Fund Corporation's IRS 990 filings:
- Consistent high liabilities relative to assets across all periods, suggesting significant debt or long-term obligations.
- Historical periods (e.g., 2014-2022) show expenses consistently exceeding revenue, indicating operational deficits before the recent turnaround.
Strengths
The following positive indicators were identified for Project Linkage Housing Development Fund Corporation:
- Significant revenue growth in recent years, more than doubling from 2019 to 2023.
- Positive net income in the latest filing (2023), indicating improved financial management.
- Consistent reporting of 0% officer compensation, demonstrating a strong commitment to directing funds to the mission.
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Frequently Asked Questions about Project Linkage Housing Development Fund Corporation
Is Project Linkage Housing Development Fund Corporation a legitimate charity?
Project Linkage Housing Development Fund Corporation (EIN: 133749468) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Project Linkage Housing Development Fund Corporation spend its money?
Project Linkage Housing Development Fund Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Project Linkage Housing Development Fund Corporation tax-deductible?
Project Linkage Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133749468). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Project Linkage Housing Development Fund Corporation CEO make?
Project Linkage Housing Development Fund Corporation's highest-compensated officer earns $4 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Project Linkage Housing Development Fund Corporation's spending goes to programs?
Project Linkage Housing Development Fund Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Linkage Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Project Linkage Housing Development Fund Corporation is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Linkage Housing Development Fund Corporation located?
Project Linkage Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 133749468. It is classified under NTEE code L21.
How many years of IRS 990 filings does Project Linkage Housing Development Fund Corporation have?
Project Linkage 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 $2.2M in total revenue.
Is Project Linkage Housing Development Fund Corporation financially stable?
While the organization historically operated with expenses exceeding revenue, recent filings show improved financial health. In 2023, revenue ($2,237,081) significantly surpassed expenses ($1,690,135), indicating a positive net income. However, high liabilities ($7,575,021 in 2023) relative to assets ($4,732,886) suggest a need for careful management of long-term obligations.
How does Project Linkage Housing Development Fund Corporation manage executive compensation?
The organization consistently reports 0% officer compensation across all available IRS 990 filings, meaning no salaries are paid to its officers or key employees. This is a strong indicator of a volunteer-led or externally funded leadership structure.
What is the trend in Project Linkage Housing Development Fund Corporation's revenue?
Revenue has shown a significant upward trend in recent years, increasing from $1,001,080 in 2019 to $2,237,081 in 2023, more than doubling in four years. This growth is a positive sign for the organization's sustainability.
Are the organization's liabilities a concern?
Liabilities have consistently been higher than assets, reaching $7,575,021 in 2023 compared to assets of $4,732,886. While this could be typical for housing development funds with significant property or project-related debt, it warrants further investigation to understand the nature of these liabilities and their repayment structure.
Filing History
IRS 990 filing history for Project Linkage Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Project Linkage Housing Development Fund Corporation's revenue has grown by 280.8%, moving from $587K to $2.2M. Total assets decreased by 12% over the same period, from $5.4M to $4.7M. Total functional expenses rose by 113.5%, from $792K to $1.7M. In its most recent filing year (2023), Project Linkage Housing Development Fund Corporation reported a surplus of $547K, with revenue exceeding expenses. The organization holds $7.6M in liabilities against $4.7M in assets (debt-to-asset ratio: 160.1%), resulting in net assets of $-2,842,135.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.7M | $4.7M | $7.6M | — | — |
| 2022 | $1.4M | $1.5M | $4.1M | $7.4M | — | View 990 |
| 2021 | $1.1M | $1.4M | $4.2M | $7.5M | — | View 990 |
| 2020 | $1.0M | $1.3M | $4.3M | $7.4M | — | View 990 |
| 2019 | $1.0M | $1.2M | $4.4M | $7.2M | — | View 990 |
| 2018 | $1.0M | $1.1M | $4.7M | $7.3M | — | View 990 |
| 2017 | $1.0M | $1.0M | $4.9M | $7.4M | — | View 990 |
| 2016 | $811K | $924K | $4.9M | $7.4M | — | View 990 |
| 2015 | $803K | $1.0M | $5.0M | $7.3M | — | View 990 |
| 2014 | $783K | $973K | $5.2M | $7.3M | — | View 990 |
| 2013 | $782K | $876K | $5.3M | $7.2M | — | View 990 |
| 2012 | $749K | $805K | $5.3M | $7.1M | — | View 990 |
| 2011 | $587K | $792K | $5.4M | $7.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.7M, and assets of $4.7M (revenue +60.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.5M, and assets of $4.1M (revenue +23.0% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.4M, and assets of $4.2M (revenue +9.7% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.3M, and assets of $4.3M (revenue +3.2% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.2M, and assets of $4.4M (revenue -0.3% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $4.7M (revenue +0.2% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.0M, and assets of $4.9M (revenue +23.5% year-over-year).
- 2016: Revenue of $811K, expenses of $924K, and assets of $4.9M (revenue +1.0% year-over-year).
- 2015: Revenue of $803K, expenses of $1.0M, and assets of $5.0M (revenue +2.6% year-over-year).
- 2014: Revenue of $783K, expenses of $973K, and assets of $5.2M (revenue +0.1% year-over-year).
- 2013: Revenue of $782K, expenses of $876K, and assets of $5.3M (revenue +4.4% year-over-year).
- 2012: Revenue of $749K, expenses of $805K, and assets of $5.3M (revenue +27.5% year-over-year).
- 2011: Revenue of $587K, expenses of $792K, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Linkage Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Project Linkage 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.