Ryer Avenue Housing Development Fund Corp
Ryer Avenue Housing Development Fund Corp consistently operates near break-even with no reported officer compensation, but recent liabilities exceed assets.
EIN: 133604402 · Bronx, NY · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $-87,184 |
| Transparency Score | 85/100 |
Is Ryer Avenue Housing Development Fund Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ryer Avenue Housing Development Fund Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ryer Avenue Housing Development Fund Corp
Ryer Avenue Housing Development Fund Corp (EIN: 133604402) is a nonprofit organization based in Bronx, NY, classified under NTEE code L20Z. The organization reported total revenue of $2.0M and total assets of $955K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ryer Avenue Housing Development Fund Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ryer Avenue Housing Development Fund Corp is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-63,278 |
| Total Assets | $488K |
| Total Liabilities | $575K |
| Net Assets | $-87,184 |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 117.9% |
| Months of Reserves | 2.9 months |
Financial Health Grade: D
In 2023, Ryer Avenue Housing Development Fund Corp reported a deficit of $63K with expenses exceeding revenue, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 117.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ryer Avenue Housing Development Fund Corp's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.4% | -4.9% | +40.4% |
| 2022 | +2.7% | -15.2% | -62.4% |
| 2021 | +10.5% | +26.0% | -30.6% |
| 2020 | +0.9% | +1.8% | +42.0% |
| 2019 | -0.4% | -0.7% | -26.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Ryer Avenue Housing Development Fund Corp 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Ryer Avenue Housing Development Fund Corp 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 deficit of $63K, with expenses exceeding revenue.
- Debt-to-asset ratio: 117.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size with revenues around $2 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 Ryer Avenue Housing Development Fund Corp's IRS 990 filings:
- Liabilities consistently exceeding assets in recent years (e.g., 2023: $574,970 liabilities vs. $487,786 assets), which could indicate financial strain or reliance on debt.
- Slight operating deficits in some recent years (e.g., 2023: expenses $2,040,582 vs. revenue $1,977,304), indicating that expenses sometimes outpace revenue.
Strengths
The following positive indicators were identified for Ryer Avenue Housing Development Fund Corp:
- Consistent reporting of 0% officer compensation across all filings, indicating a strong commitment to directing funds towards the mission.
- Stable revenue generation around $2 million annually over the past decade, demonstrating consistent operational capacity.
- Long filing history (13 filings) indicating consistent compliance and transparency in reporting to the IRS.
Frequently Asked Questions about Ryer Avenue Housing Development Fund Corp
Is Ryer Avenue Housing Development Fund Corp a legitimate charity?
Ryer Avenue Housing Development Fund Corp (EIN: 133604402) 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: $2.0M. 2 red flags identified. 3 strengths noted. Financial health grade: D.
How does Ryer Avenue Housing Development Fund Corp spend its money?
Ryer Avenue Housing Development Fund Corp directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Ryer Avenue Housing Development Fund Corp tax-deductible?
Ryer Avenue Housing Development Fund Corp is registered as a tax-exempt nonprofit (EIN: 133604402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ryer Avenue Housing Development Fund Corp CEO make?
Ryer Avenue Housing Development Fund Corp's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ryer Avenue Housing Development Fund Corp's spending goes to programs?
Ryer Avenue Housing Development Fund Corp directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ryer Avenue Housing Development Fund Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ryer Avenue Housing Development Fund Corp is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ryer Avenue Housing Development Fund Corp located?
Ryer Avenue Housing Development Fund Corp is headquartered in Bronx, New York and files with the IRS under EIN 133604402. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Ryer Avenue Housing Development Fund Corp have?
Ryer Avenue Housing Development Fund Corp 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 $2.0M in total revenue.
Why do liabilities consistently exceed assets in recent years?
In 2023, liabilities were $574,970 while assets were $487,786. This trend has been observed in 2022 and 2021 as well. Understanding the nature of these liabilities (e.g., mortgages, program-related debt) is crucial for assessing long-term financial stability.
How does the organization manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles might be filled by volunteers, compensated through other means not classified as officer compensation, or that the organization has a unique operational structure. This is a significant positive for program efficiency.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed functional expense statement, it's difficult to precisely determine the allocation of funds. While the lack of officer compensation suggests high program efficiency, a detailed breakdown would provide greater transparency into operational spending.
Filing History
IRS 990 filing history for Ryer Avenue Housing Development Fund Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ryer Avenue Housing Development Fund Corp's revenue has grown by 189%, moving from $684K to $2.0M. Total assets increased by 110.1% over the same period, from $232K to $488K. Total functional expenses rose by 142%, from $843K to $2.0M. In its most recent filing year (2023), Ryer Avenue Housing Development Fund Corp reported a deficit of $63K, with expenses exceeding revenue. The organization holds $575K in liabilities against $488K in assets (debt-to-asset ratio: 117.9%), resulting in net assets of $-87,184.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.0M | $488K | $575K | — | View 990 |
| 2022 | $2.2M | $2.1M | $348K | $371K | — | View 990 |
| 2021 | $2.1M | $2.5M | $925K | $1.0M | — | View 990 |
| 2020 | $1.9M | $2.0M | $1.3M | $1.0M | — | — |
| 2019 | $1.9M | $2.0M | $938K | $576K | — | View 990 |
| 2018 | $1.9M | $2.0M | $1.3M | $872K | — | View 990 |
| 2017 | $1.9M | $1.9M | $937K | $474K | — | View 990 |
| 2016 | $2.0M | $2.0M | $1.1M | $574K | — | View 990 |
| 2015 | $1.7M | $1.6M | $1.1M | $663K | — | View 990 |
| 2014 | $1.1M | $802K | $518K | $574K | — | View 990 |
| 2013 | $808K | $755K | $386K | $779K | — | View 990 |
| 2012 | $743K | $884K | $241K | $687K | — | View 990 |
| 2011 | $684K | $843K | $232K | $536K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.0M, and assets of $488K (revenue -10.4% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $348K (revenue +2.7% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.5M, and assets of $925K (revenue +10.5% year-over-year).
- 2020: Revenue of $1.9M, expenses of $2.0M, and assets of $1.3M (revenue +0.9% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.0M, and assets of $938K (revenue -0.4% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.0M, and assets of $1.3M (revenue +3.4% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $937K (revenue -6.8% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $1.1M (revenue +18.6% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.6M, and assets of $1.1M (revenue +48.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $802K, and assets of $518K (revenue +41.0% year-over-year).
- 2013: Revenue of $808K, expenses of $755K, and assets of $386K (revenue +8.8% year-over-year).
- 2012: Revenue of $743K, expenses of $884K, and assets of $241K (revenue +8.6% year-over-year).
- 2011: Revenue of $684K, expenses of $843K, and assets of $232K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ryer Avenue Housing Development Fund Corp:
Data Sources and Methodology
This transparency report for Ryer Avenue Housing Development Fund Corp 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.