Sisters Of Charity Housing Development Corporation
Sisters Of Charity Housing Development Corporation experiences significant revenue and asset growth with zero executive compensation.
EIN: 134031037 · Staten Island, NY · NTEE: L20 · Updated: 2026-03-28
Is Sisters Of Charity Housing Development Corporation 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 Housing Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sisters Of Charity Housing Development Corporation
Sisters Of Charity Housing Development Corporation (EIN: 134031037) is a nonprofit organization based in Staten Island, NY, classified under NTEE code L20. The organization reported total revenue of $4.7M and total assets of $19.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sisters Of Charity Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sisters Of Charity Housing Development Corporation with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Sisters Of Charity Housing Development Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and growth, and suggests a volunteer-led or externally funded leadership 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 Housing Development Corporation's IRS 990 filings:
- Unusually low expenses relative to revenue in 2023 ($2.49M expenses vs $17.17M revenue) could indicate significant cash reserves building up or a large portion of revenue being restricted for future projects, which isn't inherently negative but warrants further investigation into fund allocation.
Strengths
The following positive indicators were identified for Sisters Of Charity Housing Development Corporation:
- Exceptional revenue growth, from $472,599 in 2020 to $17,171,940 in 2023, demonstrating strong fundraising and program expansion.
- Consistent 0% officer compensation across all filings, indicating a strong commitment to directing funds to the mission.
- Significant asset growth, reaching $19,187,506 in 2023, enhancing long-term financial stability and capacity.
- Low liabilities relative to assets, suggesting a healthy balance sheet and minimal financial risk.
- Consistent IRS 990 filing history (13 filings), demonstrating a commitment to transparency and compliance.
Frequently Asked Questions about Sisters Of Charity Housing Development Corporation
Is Sisters Of Charity Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sisters Of Charity Housing Development Corporation (EIN: 134031037) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Sisters Of Charity Housing Development Corporation spend its money?
Sisters Of Charity Housing Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sisters Of Charity Housing Development Corporation tax-deductible?
Sisters Of Charity Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 134031037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sisters Of Charity Housing Development Corporation a good charity?
Based on the available data, Sisters Of Charity Housing Development Corporation appears to be a very good charity. It demonstrates strong financial health, significant growth in revenue and assets, and a remarkable commitment to directing resources to its mission by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization has experienced substantial financial growth, with revenue increasing from $130,518 in 2015 to $17,171,940 in 2023, and assets growing from $622,982 to $19,187,506 in the same period, indicating robust expansion and financial stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a highly volunteer-driven leadership or that executive salaries are covered by an affiliated entity, which is a strong indicator of resource allocation directly to programs.
How efficient is Sisters Of Charity Housing Development Corporation with its spending?
The organization appears highly efficient. In 2023, expenses were $2,493,986 against revenue of $17,171,940, indicating that a large portion of its income is either saved, reinvested, or used for direct program services, rather than being consumed by overhead.
Filing History
IRS 990 filing history for Sisters Of Charity Housing Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sisters Of Charity Housing Development Corporation's revenue has grown by 1391.1%, moving from $1.2M to $17.2M. Total assets increased by 1263% over the same period, from $1.4M to $19.2M. Total functional expenses rose by 841.9%, from $265K to $2.5M. In its most recent filing year (2023), Sisters Of Charity Housing Development Corporation reported a surplus of $14.7M, with revenue exceeding expenses. The organization holds $309K in liabilities against $19.2M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $18.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $17.2M | $2.5M | $19.2M | $309K | — | — |
| 2022 | $3.3M | $2.0M | $4.1M | $1.6M | — | View 990 |
| 2021 | $2.0M | $1.4M | $2.7M | $1.4M | — | View 990 |
| 2020 | $473K | $502K | $744K | $66K | — | — |
| 2019 | $371K | $340K | $726K | $19K | — | View 990 |
| 2018 | $199K | $185K | $688K | $11K | — | View 990 |
| 2017 | $137K | $134K | $675K | $12K | — | View 990 |
| 2016 | $158K | $109K | $673K | $14K | — | View 990 |
| 2015 | $131K | $124K | $623K | $12K | — | View 990 |
| 2014 | $177K | $95K | $597K | $10K | — | View 990 |
| 2013 | $186K | $960K | $514K | $9K | — | View 990 |
| 2012 | $185K | $261K | $1.3M | $25K | — | View 990 |
| 2011 | $1.2M | $265K | $1.4M | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.2M, expenses of $2.5M, and assets of $19.2M (revenue +422.9% year-over-year).
- 2022: Revenue of $3.3M, expenses of $2.0M, and assets of $4.1M (revenue +61.3% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.4M, and assets of $2.7M (revenue +330.9% year-over-year).
- 2020: Revenue of $473K, expenses of $502K, and assets of $744K (revenue +27.5% year-over-year).
- 2019: Revenue of $371K, expenses of $340K, and assets of $726K (revenue +86.3% year-over-year).
- 2018: Revenue of $199K, expenses of $185K, and assets of $688K (revenue +45.3% year-over-year).
- 2017: Revenue of $137K, expenses of $134K, and assets of $675K (revenue -13.2% year-over-year).
- 2016: Revenue of $158K, expenses of $109K, and assets of $673K (revenue +21.0% year-over-year).
- 2015: Revenue of $131K, expenses of $124K, and assets of $623K (revenue -26.4% year-over-year).
- 2014: Revenue of $177K, expenses of $95K, and assets of $597K (revenue -4.6% year-over-year).
- 2013: Revenue of $186K, expenses of $960K, and assets of $514K (revenue +0.4% year-over-year).
- 2012: Revenue of $185K, expenses of $261K, and assets of $1.3M (revenue -83.9% year-over-year).
- 2011: Revenue of $1.2M, expenses of $265K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Sisters Of Charity Housing Development 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.