Supportive Housing Network Of New Y York Inc

Is Supportive Housing Network Of New Y York Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Supportive Housing Network Of New Y York Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Supportive Housing Network Of New Y York Inc

Supportive Housing Network Of New Y York Inc (EIN: 133755149) is a nonprofit organization based in New York, NY, classified under NTEE code L23Z. The organization reported total revenue of $3.3M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Supportive Housing Network Of New Y York Inc'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 Supportive Housing Network Of New Y York Inc 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: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Supportive Housing Network Of New Y York Inc 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, indicating that no officers received compensation from the organization. This is an exceptional level of financial efficiency and transparency for an organization with over $3 million in annual revenue and nearly $7 million in assets.

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.

Strengths

The following positive indicators were identified for Supportive Housing Network Of New Y York Inc:

• Consistent 0% officer compensation reported across all filings, indicating high efficiency and transparency.
• Significant growth in assets, from $2,078,893 in 2014 to $6,962,679 in 2023, demonstrating strong financial management.
• Generally maintains expenses below revenue, allowing for the accumulation of reserves and long-term stability.
• Low liabilities relative to assets in most periods, suggesting a healthy balance sheet (e.g., $907,837 liabilities vs. $6,962,679 assets in 2023).

Frequently Asked Questions about Supportive Housing Network Of New Y York Inc

Filing History

IRS 990 filing history for Supportive Housing Network Of New Y York Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Supportive Housing Network Of New Y York Inc's revenue has grown by 103.4%, moving from $1.8M to $3.6M. Total assets increased by 337.4% over the same period, from $1.6M to $7.0M. Total functional expenses rose by 59.4%, from $1.6M to $2.6M. In its most recent filing year (2023), Supportive Housing Network Of New Y York Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $908K in liabilities against $7.0M in assets (debt-to-asset ratio: 13.0%), resulting in net assets of $6.1M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.6M, expenses of $2.6M, and assets of $7.0M (revenue +71.2% year-over-year).
• 2022: Revenue of $2.1M, expenses of $2.2M, and assets of $5.8M (revenue -48.2% year-over-year).
• 2021: Revenue of $4.1M, expenses of $2.3M, and assets of $5.4M (revenue +115.6% year-over-year).
• 2020: Revenue of $1.9M, expenses of $2.1M, and assets of $3.9M (revenue -27.3% year-over-year).
• 2019: Revenue of $2.6M, expenses of $2.0M, and assets of $3.9M (revenue +66.4% year-over-year).
• 2018: Revenue of $1.6M, expenses of $1.9M, and assets of $3.0M (revenue -49.3% year-over-year).
• 2017: Revenue of $3.1M, expenses of $1.9M, and assets of $3.5M (revenue +55.5% year-over-year).
• 2016: Revenue of $2.0M, expenses of $1.9M, and assets of $2.2M (revenue +2.6% year-over-year).
• 2015: Revenue of $1.9M, expenses of $1.8M, and assets of $2.1M (revenue -6.1% year-over-year).
• 2014: Revenue of $2.1M, expenses of $1.7M, and assets of $2.1M (revenue +15.7% year-over-year).
• 2013: Revenue of $1.8M, expenses of $1.6M, and assets of $1.7M (revenue +24.7% year-over-year).
• 2012: Revenue of $1.4M, expenses of $1.6M, and assets of $1.5M (revenue -19.8% year-over-year).
• 2011: Revenue of $1.8M, expenses of $1.6M, and assets of $1.6M.

Data Sources and Methodology

This transparency report for Supportive Housing Network Of New Y York Inc 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.