Timpson Housing Development Fund Corporation
Timpson Housing Development Fund Corporation maintains stable operations with significant liabilities.
EIN: 133614970 · Bronx, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.7M |
| Program Spending | 85% |
| Net Assets | $-3,666,821 |
| Transparency Score | 70/100 |
Is Timpson Housing Development Fund Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Timpson Housing Development Fund Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Timpson Housing Development Fund Corporation
Timpson Housing Development Fund Corporation (EIN: 133614970) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $2.6M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Timpson Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Timpson Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-109,236 |
| Total Assets | $7.0M |
| Total Liabilities | $10.7M |
| Net Assets | $-3,666,821 |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 152.0% |
| Months of Reserves | 31.5 months |
Financial Health Grade: C
In 2023, Timpson Housing Development Fund Corporation reported a deficit of $109K with expenses exceeding revenue, holds 31.5 months of operating reserves (strong position), has a debt-to-asset ratio of 152.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Timpson Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.8% | -2.0% | +0.6% |
| 2022 | +2.0% | +12.5% | -7.0% |
| 2021 | +5.4% | +7.3% | +0.9% |
| 2020 | -6.4% | -18.6% | +2.8% |
| 2019 | +3.9% | +5.2% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Timpson Housing Development Fund Corporation with a Mission Score of 70 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, Timpson Housing Development Fund Corporation 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 deficit of $109K, with expenses exceeding revenue.
- Debt-to-asset ratio: 152.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which could affect the clarity of leadership cost reporting.
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 Timpson Housing Development Fund Corporation's IRS 990 filings:
- Liabilities consistently significantly exceed assets, indicating high leverage.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
- Gradual decline in total assets over the past decade.
Strengths
The following positive indicators were identified for Timpson Housing Development Fund Corporation:
- Stable revenue generation over the past decade, consistently around $2.4M - $2.6M.
- Expenses are generally well-managed and closely aligned with revenue, indicating operational stability.
- Consistent reporting of 0% officer compensation, suggesting a potentially low-cost leadership structure.
Frequently Asked Questions about Timpson Housing Development Fund Corporation
Is Timpson Housing Development Fund Corporation a legitimate charity?
Timpson Housing Development Fund Corporation (EIN: 133614970) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.6M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Timpson Housing Development Fund Corporation spend its money?
Timpson Housing Development Fund Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Timpson Housing Development Fund Corporation tax-deductible?
Timpson Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133614970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Timpson Housing Development Fund Corporation's spending goes to programs?
Timpson Housing Development Fund Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Timpson Housing Development Fund Corporation located?
Timpson Housing Development Fund Corporation is headquartered in Bronx, New York and files with the IRS under EIN 133614970.
How many years of IRS 990 filings does Timpson Housing Development Fund Corporation have?
Timpson Housing Development Fund Corporation has 14 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 $2.6M in total revenue.
What is the nature of the significant liabilities consistently exceeding $10 million?
The consistent high level of liabilities, such as $10,716,018 in 2023, suggests substantial debt financing, likely related to property acquisition, development, or mortgages, which is typical for housing development funds but requires understanding the terms and repayment schedules.
How does the organization manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings implies either a fully volunteer executive leadership or that compensation is categorized differently within the expense structure, which could impact the transparency of leadership costs.
What is the detailed breakdown of expenses into program, administrative, and fundraising categories?
Without a detailed breakdown of expenses beyond total expenses, it is difficult to precisely assess the organization's spending efficiency and how much directly supports its housing development programs versus administrative overhead or fundraising efforts.
Why have assets shown a gradual decline over the past decade?
Assets have decreased from $7,932,115 in 2014 to $7,049,197 in 2023. This trend warrants investigation to understand if it's due to depreciation, asset sales, or other factors impacting the organization's capital base.
Filing History
IRS 990 filing history for Timpson Housing Development Fund Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Timpson Housing Development Fund Corporation's revenue has grown by 33%, moving from $1.9M to $2.6M. Total assets decreased by 5% over the same period, from $7.4M to $7.0M. Total functional expenses rose by 31.3%, from $2.0M to $2.7M. In its most recent filing year (2023), Timpson Housing Development Fund Corporation reported a deficit of $109K, with expenses exceeding revenue. The organization holds $10.7M in liabilities against $7.0M in assets (debt-to-asset ratio: 152.0%), resulting in net assets of $-3,666,821.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.7M | $7.0M | $10.7M | — | — |
| 2022 | $2.6M | $2.7M | $7.0M | $10.6M | — | View 990 |
| 2021 | $2.5M | $2.4M | $7.5M | $11.0M | — | View 990 |
| 2020 | $2.4M | $2.3M | $7.5M | $11.0M | — | View 990 |
| 2019 | $2.6M | $2.8M | $7.3M | $10.9M | — | View 990 |
| 2018 | $2.5M | $2.7M | $7.5M | $10.9M | — | View 990 |
| 2017 | $2.6M | $2.6M | $7.7M | $11.0M | — | — |
| 2016 | $2.5M | $2.5M | $7.8M | $11.2M | — | — |
| 2015 | $2.4M | $2.4M | $7.9M | $11.2M | — | — |
| 2014 | $2.3M | $2.4M | $7.9M | $11.3M | — | — |
| 2013 | $2.3M | $2.4M | $8.1M | $11.4M | — | — |
| 2012 | $2.9M | $2.1M | $8.1M | $11.3M | — | — |
| 2011 | $2.0M | $2.2M | $7.4M | $11.4M | — | — |
| 2010 | $1.9M | $2.0M | $7.4M | $11.3M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.7M, and assets of $7.0M (revenue -0.8% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.7M, and assets of $7.0M (revenue +2.0% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.4M, and assets of $7.5M (revenue +5.4% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.3M, and assets of $7.5M (revenue -6.4% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.8M, and assets of $7.3M (revenue +3.9% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.7M, and assets of $7.5M (revenue -4.0% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.6M, and assets of $7.7M (revenue +3.6% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.5M, and assets of $7.8M (revenue +2.2% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.4M, and assets of $7.9M (revenue +4.4% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.4M, and assets of $7.9M (revenue +0.3% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.4M, and assets of $8.1M (revenue -19.7% year-over-year).
- 2012: Revenue of $2.9M, expenses of $2.1M, and assets of $8.1M (revenue +47.2% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.2M, and assets of $7.4M (revenue +1.9% year-over-year).
- 2010: Revenue of $1.9M, expenses of $2.0M, and assets of $7.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Timpson Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Timpson Housing Development Fund 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.