St Andrews Housing Dev Fund Co
St Andrews Housing Dev Fund Co consistently operates with expenses exceeding revenue, drawing down assets.
EIN: 133012042 · Valley Stream, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Program Spending | 80% |
| Net Assets | $-1,630,836 |
| Transparency Score | 65/100 |
Search Intent Cockpit
St Andrews Housing Dev Fund Co Form 990, Revenue, CEO Pay, and IRS Filing Signals
St Andrews Housing Dev Fund Co is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around St Andrews Housing Dev Fund Co in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.7M and expenses of $1.7M.
Revenue and Expenses
St Andrews Housing Dev Fund Co reported $1.7M in revenue and $1.7M in expenses, a deficit of $81K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is St Andrews Housing Dev Fund Co Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.4M (80%) |
Across stored filings, St Andrews Housing Dev Fund Co shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Local and Sector Spokes
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Valley Stream, NY nonprofitsFollow the Money
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Keep the Investigation Moving
St Andrews Housing Dev Fund Co directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Andrews Housing Dev Fund Co
St Andrews Housing Dev Fund Co (EIN: 133012042) is a nonprofit organization based in Valley Stream, NY. The organization reported total revenue of $1.7M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Andrews Housing Dev Fund Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Andrews Housing Dev Fund Co is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-81,000 |
| Total Assets | $5.4M |
| Total Liabilities | $7.0M |
| Net Assets | $-1,630,836 |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 130.2% |
| Months of Reserves | 37.4 months |
Financial Health Grade: C
In 2023, St Andrews Housing Dev Fund Co reported a deficit of $81K with expenses exceeding revenue, holds 37.4 months of operating reserves (strong position), has a debt-to-asset ratio of 130.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Andrews Housing Dev Fund Co's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | -6.2% | -3.4% |
| 2022 | +1.7% | +7.1% | -8.0% |
| 2021 | +2.5% | +2.8% | -1.6% |
| 2020 | +0.9% | -0.7% | -3.2% |
| 2019 | +2.3% | +0.9% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 St Andrews Housing Dev Fund Co with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, St Andrews Housing Dev Fund Co allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $81K, with expenses exceeding revenue.
- Debt-to-asset ratio: 130.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-led organization or that compensation is structured in a way not captured under 'officer compensation' on the 990, which enhances transparency regarding direct executive salaries.
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 St Andrews Housing Dev Fund Co's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) across multiple years, e.g., 202309: Revenue=$1,652,075, Expenses=$1,733,075.
- Declining asset base from $7,629,157 in 2015 to $5,400,730 in 2023.
- Liabilities consistently exceed assets, indicating a highly leveraged financial position, e.g., 202309: Liabilities=$7,031,566, Assets=$5,400,730.
Strengths
The following positive indicators were identified for St Andrews Housing Dev Fund Co:
- Consistent reporting of 0% officer compensation, indicating a potentially volunteer-led executive team or strong commitment to minimizing executive overhead.
- Long filing history (13 filings) demonstrates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about St Andrews Housing Dev Fund Co
Is St Andrews Housing Dev Fund Co a legitimate charity?
St Andrews Housing Dev Fund Co (EIN: 133012042) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does St Andrews Housing Dev Fund Co spend its money?
St Andrews Housing Dev Fund Co directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to St Andrews Housing Dev Fund Co tax-deductible?
St Andrews Housing Dev Fund Co is registered as a tax-exempt nonprofit (EIN: 133012042). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Andrews Housing Dev Fund Co's spending goes to programs?
St Andrews Housing Dev Fund Co directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is St Andrews Housing Dev Fund Co located?
St Andrews Housing Dev Fund Co is headquartered in Valley Stream, New York and files with the IRS under EIN 133012042.
How many years of IRS 990 filings does St Andrews Housing Dev Fund Co have?
St Andrews Housing Dev 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 $1.7M in total revenue.
Is St Andrews Housing Dev Fund Co financially sustainable given its consistent operational deficits?
The organization has consistently reported expenses exceeding revenue, for example, $1,733,075 in expenses against $1,652,075 in revenue in 2023. This trend, coupled with declining assets from $7,629,157 in 2015 to $5,400,730 in 2023, raises questions about its long-term financial sustainability without a clear strategy to balance its budget or increase revenue.
What is the nature of the organization's liabilities, which consistently exceed its assets?
The organization's liabilities have consistently exceeded its assets, for instance, $7,031,566 in liabilities versus $5,400,730 in assets in 2023. This indicates a highly leveraged financial position, which could be due to mortgages or other long-term debt associated with housing development, but warrants further investigation into the specific types and terms of these liabilities.
How does the organization cover its operational deficits if revenue is consistently lower than expenses?
With expenses consistently higher than revenue, such as in 2023 ($1,733,075 expenses vs. $1,652,075 revenue), the organization appears to be covering these deficits by drawing down its assets or through other non-revenue financial activities. This pattern is not sustainable indefinitely and suggests a need for a clearer funding strategy.
Filing History
IRS 990 filing history for St Andrews Housing Dev Fund Co showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Andrews Housing Dev Fund Co's revenue has grown by 14.2%, moving from $1.4M to $1.7M. Total assets increased by 97.8% over the same period, from $2.7M to $5.4M. Total functional expenses rose by 22.5%, from $1.4M to $1.7M. In its most recent filing year (2023), St Andrews Housing Dev Fund Co reported a deficit of $81K, with expenses exceeding revenue. The organization holds $7.0M in liabilities against $5.4M in assets (debt-to-asset ratio: 130.2%), resulting in net assets of $-1,630,836.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $5.4M | $7.0M | — | View 990 |
| 2022 | $1.6M | $1.8M | $5.6M | $7.1M | — | View 990 |
| 2021 | $1.6M | $1.7M | $6.1M | $7.4M | — | View 990 |
| 2020 | $1.6M | $1.7M | $6.2M | $7.4M | — | — |
| 2019 | $1.5M | $1.7M | $6.4M | $7.5M | — | View 990 |
| 2018 | $1.5M | $1.7M | $6.6M | $7.5M | — | View 990 |
| 2017 | $1.5M | $1.6M | $6.9M | $7.7M | — | View 990 |
| 2016 | $1.5M | $1.6M | $7.0M | $7.7M | — | View 990 |
| 2015 | $1.5M | $1.3M | $7.6M | $8.1M | — | View 990 |
| 2014 | $1.4M | $1.4M | $3.7M | $4.4M | — | View 990 |
| 2013 | $1.4M | $1.4M | $2.6M | $3.2M | — | View 990 |
| 2012 | $1.4M | $1.3M | $2.7M | $3.4M | — | View 990 |
| 2011 | $1.4M | $1.4M | $2.7M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $5.4M (revenue +1.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.8M, and assets of $5.6M (revenue +1.7% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.7M, and assets of $6.1M (revenue +2.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.7M, and assets of $6.2M (revenue +0.9% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.7M, and assets of $6.4M (revenue +2.3% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.7M, and assets of $6.6M (revenue +0.1% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.6M, and assets of $6.9M (revenue +1.7% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.6M, and assets of $7.0M (revenue +1.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.3M, and assets of $7.6M (revenue +1.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $3.7M (revenue +1.3% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $2.6M (revenue +1.2% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $2.7M (revenue -2.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Andrews Housing Dev Fund Co:
Data Sources and Methodology
This transparency report for St Andrews Housing Dev 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.