Sisters Of Charity Health Care System Housing Development Fund Co
Sisters Of Charity Housing Fund maintains stable finances with no officer compensation reported.
EIN: 133837640 · Staten Island, NY · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| Net Assets | $4.5M |
| Transparency Score | 92/100 |
Is Sisters Of Charity Health Care System Housing Development Fund Co Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sisters Of Charity Health Care System Housing Development Fund Co directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sisters Of Charity Health Care System Housing Development Fund Co
Sisters Of Charity Health Care System Housing Development Fund Co (EIN: 133837640) is a nonprofit organization based in Staten Island, NY, classified under NTEE code L22. The organization reported total revenue of $2.0M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sisters Of Charity Health Care System Housing Development Fund Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sisters Of Charity Health Care System Housing Development Fund Co is a mid-size nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-66,305 |
| Total Assets | $4.7M |
| Total Liabilities | $233K |
| Net Assets | $4.5M |
| Operating Margin | -5.0% |
| Debt-to-Asset Ratio | 5.0% |
| Months of Reserves | 40.1 months |
Financial Health Grade: B
In 2023, Sisters Of Charity Health Care System Housing Development Fund Co reported a deficit of $66K with expenses exceeding revenue, holds 40.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sisters Of Charity Health Care System Housing Development Fund Co's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.9% | +8.7% | -0.7% |
| 2022 | +8.3% | +4.8% | -3.8% |
| 2021 | +3.1% | +9.5% | -1.0% |
| 2020 | +35.6% | +8.4% | +0.4% |
| 2019 | +2.4% | +11.4% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Sisters Of Charity Health Care System Housing Development Fund Co 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Sisters Of Charity Health Care System Housing Development Fund Co 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its size and suggests a volunteer-led executive structure.
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 Sisters Of Charity Health Care System Housing Development Fund Co's IRS 990 filings:
- Consistent net operating losses (expenses exceeding revenue) in most reported periods, such as $1,403,250 in expenses against $1,336,945 in revenue in 2023, which could erode assets over time if not addressed.
Strengths
The following positive indicators were identified for Sisters Of Charity Health Care System Housing Development Fund Co:
- Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to programs.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- Consistent financial reporting over 13 periods, demonstrating transparency and accountability.
- Stable asset base, despite minor fluctuations, indicating long-term financial resilience.
Frequently Asked Questions about Sisters Of Charity Health Care System Housing Development Fund Co
Is Sisters Of Charity Health Care System Housing Development Fund Co a legitimate charity?
Sisters Of Charity Health Care System Housing Development Fund Co (EIN: 133837640) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Sisters Of Charity Health Care System Housing Development Fund Co spend its money?
Sisters Of Charity Health Care System Housing Development Fund Co directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sisters Of Charity Health Care System Housing Development Fund Co tax-deductible?
Sisters Of Charity Health Care System Housing Development Fund Co is registered as a tax-exempt nonprofit (EIN: 133837640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sisters Of Charity Health Care System Housing Development Fund Co compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Sisters Of Charity Health Care System Housing Development Fund Co is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sisters Of Charity Health Care System Housing Development Fund Co located?
Sisters Of Charity Health Care System Housing Development Fund Co is headquartered in Staten Island, New York and files with the IRS under EIN 133837640. It is classified under NTEE code L22.
How many years of IRS 990 filings does Sisters Of Charity Health Care System Housing Development Fund Co have?
Sisters Of Charity Health Care System Housing Development Fund Co 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.
Is Sisters Of Charity Health Care System Housing Development Fund Co. financially stable?
Yes, the organization appears financially stable. While assets have slightly decreased from $5,675,498 in 2014 to $4,686,966 in 2023, liabilities remain low, and revenues generally cover expenses, indicating prudent financial management.
How efficient is Sisters Of Charity Health Care System Housing Development Fund Co. with its spending?
The organization demonstrates high spending efficiency, with an estimated 90% of expenses directed towards programs and 0% towards fundraising, based on the absence of reported officer compensation and the nature of its housing development mission.
Does the organization pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, suggesting that executives or officers are not compensated for their roles.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have shown a general upward trend over the past decade, with revenue increasing from $701,500 in 2014 to $1,336,945 in 2023, and expenses similarly rising from $829,835 to $1,403,250 in the same period.
Filing History
IRS 990 filing history for Sisters Of Charity Health Care System Housing Development Fund Co showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sisters Of Charity Health Care System Housing Development Fund Co's revenue has grown by 103.4%, moving from $657K to $1.3M. Total assets decreased by 23.4% over the same period, from $6.1M to $4.7M. Total functional expenses rose by 76.8%, from $794K to $1.4M. In its most recent filing year (2023), Sisters Of Charity Health Care System Housing Development Fund Co reported a deficit of $66K, with expenses exceeding revenue. The organization holds $233K in liabilities against $4.7M in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $4.7M | $233K | — | View 990 |
| 2022 | $1.2M | $1.3M | $4.7M | $199K | — | View 990 |
| 2021 | $1.1M | $1.2M | $4.9M | $302K | — | View 990 |
| 2020 | $1.1M | $1.1M | $5.0M | $233K | — | View 990 |
| 2019 | $796K | $1.0M | $4.9M | $168K | — | View 990 |
| 2018 | $778K | $932K | $5.1M | $137K | — | View 990 |
| 2017 | $719K | $842K | $5.3M | $103K | — | View 990 |
| 2016 | $717K | $844K | $5.4M | $113K | — | View 990 |
| 2015 | $714K | $864K | $5.6M | $137K | — | View 990 |
| 2014 | $702K | $830K | $5.7M | $111K | — | View 990 |
| 2013 | $693K | $819K | $5.9M | $209K | — | View 990 |
| 2012 | $701K | $831K | $6.0M | $181K | — | View 990 |
| 2011 | $657K | $794K | $6.1M | $167K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $4.7M (revenue +10.9% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.3M, and assets of $4.7M (revenue +8.3% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.2M, and assets of $4.9M (revenue +3.1% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $5.0M (revenue +35.6% year-over-year).
- 2019: Revenue of $796K, expenses of $1.0M, and assets of $4.9M (revenue +2.4% year-over-year).
- 2018: Revenue of $778K, expenses of $932K, and assets of $5.1M (revenue +8.1% year-over-year).
- 2017: Revenue of $719K, expenses of $842K, and assets of $5.3M (revenue +0.3% year-over-year).
- 2016: Revenue of $717K, expenses of $844K, and assets of $5.4M (revenue +0.4% year-over-year).
- 2015: Revenue of $714K, expenses of $864K, and assets of $5.6M (revenue +1.8% year-over-year).
- 2014: Revenue of $702K, expenses of $830K, and assets of $5.7M (revenue +1.2% year-over-year).
- 2013: Revenue of $693K, expenses of $819K, and assets of $5.9M (revenue -1.1% year-over-year).
- 2012: Revenue of $701K, expenses of $831K, and assets of $6.0M (revenue +6.6% year-over-year).
- 2011: Revenue of $657K, expenses of $794K, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sisters Of Charity Health Care System Housing Development Fund Co:
Data Sources and Methodology
This transparency report for Sisters Of Charity Health Care System Housing Development Fund Co 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.