Purchase College Foundation Housing Corporation

Purchase College Foundation Housing Corporation maintains stable operations with significant liabilities and no reported executive compensation.

EIN: 134086734 · Purchase, NY · NTEE: L20 · Updated: 2026-03-28

$6.0MRevenue

$7.5MAssets

85/100Mission Score (Excellent)

L20

About Purchase College Foundation Housing Corporation

Purchase College Foundation Housing Corporation (EIN: 134086734) is a nonprofit organization based in Purchase, NY, classified under NTEE code L20. The organization reported total revenue of $6.0M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Purchase College Foundation Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Purchase College Foundation Housing Corporation demonstrates a consistent operational profile, primarily focused on housing services as indicated by its NTEE code L20. The organization's revenue has fluctuated over the past decade, with a notable dip in 2021 to $2,079,419 before recovering to $5,165,600 in 2023. Expenses have generally tracked revenue, indicating a stable operational model. The organization consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds for its stated purpose. However, the significant liabilities, such as $9,550,843 in 2023 against assets of $15,267,762, suggest a reliance on debt financing, which warrants closer examination. The organization's financial health appears stable, but its long-term debt structure is a key area for potential concern.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Purchase College Foundation Housing Corporation 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: 90%
fundraising: 0%

According to IRS 990 filings, Purchase College Foundation Housing Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with revenues exceeding $5 million annually. This suggests either a volunteer leadership structure or compensation is reported under other expense categories, which could impact transparency.

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 Purchase College Foundation Housing Corporation's IRS 990 filings:

Consistently high liabilities relative to assets, such as $9,550,843 in liabilities against $15,267,762 in assets in 2023, indicating significant debt financing.
0% officer compensation reported across all filings, which is highly unusual for an organization with multi-million dollar revenues and could indicate a lack of transparency in leadership compensation reporting or an unsustainable volunteer model for an organization of this scale.

Strengths

The following positive indicators were identified for Purchase College Foundation Housing Corporation:

Consistent revenue generation, with $5,165,600 in 2023, demonstrating stable operations.
No reported officer compensation, suggesting a strong commitment to directing funds towards its mission.
Stable operational expenses relative to revenue, indicating efficient management of resources.
Clear mission focus as a housing corporation (NTEE L20).

Frequently Asked Questions about Purchase College Foundation Housing Corporation

Is Purchase College Foundation Housing Corporation a good charity?

The organization appears to be effective in its mission of providing housing, as evidenced by consistent operations and revenue generation. The lack of executive compensation is a strong positive for resource allocation, but the high liabilities warrant further investigation into its financial structure.

Why does the organization have such high liabilities?

The consistent high liabilities, such as $9,550,843 in 2023, suggest significant debt, likely related to property acquisition, construction, or maintenance of housing facilities. This is common for housing corporations but requires careful management to ensure long-term financial stability.

How does the organization manage without officer compensation?

The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this scale. It suggests that leadership may be entirely volunteer-based, or compensation is categorized differently, which could affect the clarity of administrative costs.

What is the trend in the organization's assets and liabilities?

Assets have shown a slight decline from $19,398,490 in 2014 to $15,267,762 in 2023, while liabilities have also decreased from $16,229,834 to $9,550,843 over the same period. This indicates a gradual reduction in the organization's overall financial footprint and debt burden.

Filing History

IRS 990 filing history for Purchase College Foundation Housing Corporation showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Purchase College Foundation Housing Corporation's revenue has grown by 36.8%, moving from $3.8M to $5.2M. Total assets decreased by 22.7% over the same period, from $19.7M to $15.3M. Total functional expenses rose by 32.1%, from $3.2M to $4.3M. In its most recent filing year (2023), Purchase College Foundation Housing Corporation reported a surplus of $892K, with revenue exceeding expenses. The organization holds $9.6M in liabilities against $15.3M in assets (debt-to-asset ratio: 62.6%), resulting in net assets of $5.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5.2M	$4.3M	$15.3M	$9.6M	—	View 990
2022	$4.8M	$3.5M	$14.9M	$10.1M	—	View 990
2021	$2.1M	$3.0M	$15.8M	$12.2M	—	View 990
2020	$3.9M	$3.7M	$17.1M	$12.6M	—	View 990
2019	$5.3M	$4.9M	$17.1M	$12.8M	—	View 990
2018	$4.8M	$5.1M	$17.6M	$13.7M	—	View 990
2017	$4.8M	$5.1M	$18.2M	$14.0M	—	View 990
2016	$4.5M	$3.3M	$19.5M	$15.1M	—	View 990
2015	$4.4M	$3.4M	$19.4M	$15.7M	—	View 990
2014	$4.1M	$4.1M	$19.4M	$16.2M	—	View 990
2013	$4.2M	$3.6M	$20.2M	$17.0M	—	View 990
2012	$3.8M	$3.2M	$19.7M	$17.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $5.2M, expenses of $4.3M, and assets of $15.3M (revenue +8.5% year-over-year).
2022: Revenue of $4.8M, expenses of $3.5M, and assets of $14.9M (revenue +128.9% year-over-year).
2021: Revenue of $2.1M, expenses of $3.0M, and assets of $15.8M (revenue -47.3% year-over-year).
2020: Revenue of $3.9M, expenses of $3.7M, and assets of $17.1M (revenue -25.0% year-over-year).
2019: Revenue of $5.3M, expenses of $4.9M, and assets of $17.1M (revenue +8.9% year-over-year).
2018: Revenue of $4.8M, expenses of $5.1M, and assets of $17.6M (revenue +0.9% year-over-year).
2017: Revenue of $4.8M, expenses of $5.1M, and assets of $18.2M (revenue +5.4% year-over-year).
2016: Revenue of $4.5M, expenses of $3.3M, and assets of $19.5M (revenue +3.6% year-over-year).
2015: Revenue of $4.4M, expenses of $3.4M, and assets of $19.4M (revenue +6.6% year-over-year).
2014: Revenue of $4.1M, expenses of $4.1M, and assets of $19.4M (revenue -2.0% year-over-year).
2013: Revenue of $4.2M, expenses of $3.6M, and assets of $20.2M (revenue +11.1% year-over-year).
2012: Revenue of $3.8M, expenses of $3.2M, and assets of $19.7M.

Data Sources and Methodology

This transparency report for Purchase College Foundation Housing 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.