St Barnabas Housing Development Fund Corp
St Barnabas Housing Development Fund Corp maintains operational stability despite significant long-term liabilities.
EIN: 133434410 · Bronx, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.5M |
| Program Spending | 85% |
| Net Assets | $-5,217,791 |
| Transparency Score | 75/100 |
Is St Barnabas 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 →
St Barnabas Housing Development Fund Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Barnabas Housing Development Fund Corp
St Barnabas Housing Development Fund Corp (EIN: 133434410) is a nonprofit organization based in Bronx, NY, classified under NTEE code L200. The organization reported total revenue of $1.8M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Barnabas Housing Development Fund Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Barnabas Housing Development Fund Corp is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$153K |
| Total Assets | $3.7M |
| Total Liabilities | $8.9M |
| Net Assets | $-5,217,791 |
| Operating Margin | 9.2% |
| Debt-to-Asset Ratio | 241.3% |
| Months of Reserves | 29.5 months |
Financial Health Grade: A
In 2023, St Barnabas Housing Development Fund Corp reported a surplus of $153K with revenue exceeding expenses, holds 29.5 months of operating reserves (strong position), has a debt-to-asset ratio of 241.3% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.3% | -15.0% | +4.6% |
| 2022 | +13.1% | +24.7% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Barnabas Housing Development Fund Corp with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, St Barnabas Housing Development Fund Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $153K, with revenue exceeding expenses.
- Debt-to-asset ratio: 241.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer-led organization or that compensation is categorized differently, which is a positive indicator for resource allocation if truly volunteer-based.
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 Barnabas Housing Development Fund Corp's IRS 990 filings:
- High liabilities relative to assets (e.g., $8.9M liabilities vs. $3.6M assets in 2023)
- Unusual negative revenue reporting in earlier years without corresponding expenses (e.g., $-104,561 revenue in 2020 with $0 expenses)
Strengths
The following positive indicators were identified for St Barnabas Housing Development Fund Corp:
- Consistent operational stability with revenues generally exceeding expenses in recent years (e.g., $1,654,642 revenue vs. $1,501,598 expenses in 2023)
- Reported 0% officer compensation across all filings, indicating efficient use of funds for leadership or volunteer-led executive team
- Consistent IRS 990 filing history (13 filings) demonstrating transparency in reporting
Frequently Asked Questions about St Barnabas Housing Development Fund Corp
Is St Barnabas Housing Development Fund Corp a legitimate charity?
St Barnabas Housing Development Fund Corp (EIN: 133434410) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does St Barnabas Housing Development Fund Corp spend its money?
St Barnabas Housing Development Fund Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to St Barnabas Housing Development Fund Corp tax-deductible?
St Barnabas Housing Development Fund Corp is registered as a tax-exempt nonprofit (EIN: 133434410). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Barnabas Housing Development Fund Corp's spending goes to programs?
St Barnabas Housing Development Fund Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does St Barnabas Housing Development Fund Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), St Barnabas Housing Development Fund Corp is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Barnabas Housing Development Fund Corp located?
St Barnabas Housing Development Fund Corp is headquartered in Bronx, New York and files with the IRS under EIN 133434410. It is classified under NTEE code L200.
How many years of IRS 990 filings does St Barnabas Housing Development Fund Corp have?
St Barnabas 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 $1.8M in total revenue.
Is St Barnabas Housing Development Fund Corp a good charity?
Based on the available data, the organization appears to be operationally stable with revenues covering expenses in recent years. The 0% officer compensation is a strong positive. However, the high liabilities relative to assets warrant further investigation into the nature of these obligations and their impact on long-term sustainability.
What is the nature of the significant liabilities ($8.9M in 2023) compared to assets ($3.6M)?
The consistent and substantial liabilities, significantly exceeding assets, suggest the organization may hold mortgages or other long-term debt related to its housing development activities. A detailed review of the balance sheet in the full 990 would clarify the composition of these liabilities.
Why were revenues negative in several years (2014-2020) with zero expenses?
Negative revenue without corresponding expenses is an unusual reporting pattern. This could be due to specific accounting treatments for non-cash transactions, asset write-downs, or revaluations, rather than actual operational losses. A deeper dive into the financial statements for those years would be necessary to understand this anomaly.
How does St Barnabas Housing Development Fund Corp fund its operations given the 0% officer compensation?
The 0% officer compensation suggests that executive leadership may be volunteer-based or compensated through an affiliated entity not reflected in this specific line item. This could indicate a highly efficient operational model, but further clarification on leadership compensation structure would be beneficial.
Filing History
IRS 990 filing history for St Barnabas Housing Development Fund Corp showing financial trends over 13 years of public records:
Total assets increased by 7% over the same period, from $3.5M to $3.7M. In its most recent filing year (2023), St Barnabas Housing Development Fund Corp reported a surplus of $153K, with revenue exceeding expenses. The organization holds $8.9M in liabilities against $3.7M in assets (debt-to-asset ratio: 241.3%), resulting in net assets of $-5,217,791.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.5M | $3.7M | $8.9M | — | — |
| 2022 | $1.8M | $1.8M | $3.5M | $8.9M | — | View 990 |
| 2021 | $1.6M | $1.4M | $3.6M | $9.0M | — | View 990 |
| 2020 | $-104,561 | $0 | $3.3M | $9.0M | — | — |
| 2019 | $-245,365 | $0 | $3.4M | $9.0M | — | View 990 |
| 2018 | $-143,119 | $0 | $3.8M | $9.1M | — | View 990 |
| 2017 | $-84,189 | $0 | $4.4M | $9.6M | — | — |
| 2016 | $-215,197 | $0 | $4.7M | $9.8M | — | View 990 |
| 2015 | $-107,148 | $0 | $5.5M | $10.3M | — | View 990 |
| 2014 | $-91,014 | $0 | $5.9M | $10.7M | — | View 990 |
| 2013 | $-254,452 | $0 | $5.9M | $10.6M | — | View 990 |
| 2012 | $-233,597 | $0 | $3.2M | $7.6M | — | View 990 |
| 2011 | $-201,709 | $0 | $3.5M | $7.6M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.5M, and assets of $3.7M (revenue -10.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $3.5M (revenue +13.1% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.4M, and assets of $3.6M.
- 2020: Revenue of $-104,561, expenses of $0, and assets of $3.3M.
- 2019: Revenue of $-245,365, expenses of $0, and assets of $3.4M.
- 2018: Revenue of $-143,119, expenses of $0, and assets of $3.8M.
- 2017: Revenue of $-84,189, expenses of $0, and assets of $4.4M.
- 2016: Revenue of $-215,197, expenses of $0, and assets of $4.7M.
- 2015: Revenue of $-107,148, expenses of $0, and assets of $5.5M.
- 2014: Revenue of $-91,014, expenses of $0, and assets of $5.9M.
- 2013: Revenue of $-254,452, expenses of $0, and assets of $5.9M.
- 2012: Revenue of $-233,597, expenses of $0, and assets of $3.2M.
- 2011: Revenue of $-201,709, expenses of $0, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Barnabas Housing Development Fund Corp:
Data Sources and Methodology
This transparency report for St Barnabas 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.