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

$1.7MRevenue

$5.3MAssets

65/100Mission Score (Good)

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.

AI Transparency Report

St Andrews Housing Dev Fund Co exhibits consistent operational patterns, with revenues generally slightly below expenses in recent years, as seen in the 202309 period where revenue was $1,652,075 against expenses of $1,733,075. This trend suggests the organization is either drawing down reserves or relying on other funding sources not fully captured in the 'revenue' line item to cover its operational costs. The organization's assets have shown a gradual decline from $7,629,157 in 2015 to $5,400,730 in 2023, while liabilities have remained substantial, often exceeding assets, indicating a leveraged financial structure. 

The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer-led executive team or that executive compensation is not reported in a way that is easily identifiable as 'officer compensation' on the 990, which could impact transparency. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. However, the consistent operational deficit warrants closer examination to understand its long-term sustainability and funding model.

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.

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 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.	PDF
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.

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.