United Neighbors Housing Development Fund Company Inc
United Neighbors Housing Development Fund Company Inc. consistently operates at a deficit, with expenses exceeding revenue in most recent years.
EIN: 133859262 · Bronx, NY · NTEE: I20 · Updated: 2026-03-28
Is United Neighbors Housing Development Fund Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Neighbors Housing Development Fund Company Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Neighbors Housing Development Fund Company Inc
United Neighbors Housing Development Fund Company Inc (EIN: 133859262) is a nonprofit organization based in Bronx, NY, classified under NTEE code I20. The organization reported total revenue of $3.2M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Neighbors Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Neighbors Housing Development Fund Company Inc is a mid-size nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-641,878 |
| Total Assets | $4.4M |
| Total Liabilities | $914K |
| Net Assets | $3.5M |
| Operating Margin | -21.0% |
| Debt-to-Asset Ratio | 20.8% |
| Months of Reserves | 14.2 months |
Financial Health Grade: B
In 2023, United Neighbors Housing Development Fund Company Inc reported a deficit of $642K with expenses exceeding revenue, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 20.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), United Neighbors Housing Development Fund Company Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.0% | +4.1% | -5.8% |
| 2022 | +2.6% | +2.4% | -12.6% |
| 2021 | -2.9% | +17.4% | -10.9% |
| 2020 | +2.7% | -0.9% | +1.9% |
| 2019 | -0.7% | +6.3% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 United Neighbors Housing Development Fund Company Inc 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, United Neighbors Housing Development Fund Company 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $642K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, which is unusual for an organization of its size with annual expenses exceeding $3 million. This could indicate a fully volunteer executive team or that compensation is categorized differently, impacting the clarity of leadership costs.
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 United Neighbors Housing Development Fund Company Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in most years, e.g., $3,704,934 expenses vs. $3,063,056 revenue in 2023).
- Declining asset base over the past decade (from $6,173,578 in 2014 to $4,389,923 in 2023).
- Increasing liabilities in recent years ($486,136 in 2021 to $914,145 in 2023).
- Unusual reporting of 0% officer compensation across all filings, potentially obscuring leadership costs.
Strengths
The following positive indicators were identified for United Neighbors Housing Development Fund Company Inc:
- Consistent revenue generation over the past decade, averaging around $2.8 million annually.
- Maintains a substantial asset base ($4,774,022 in 2023) despite operating deficits.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about United Neighbors Housing Development Fund Company Inc
Is United Neighbors Housing Development Fund Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United Neighbors Housing Development Fund Company Inc (EIN: 133859262) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does United Neighbors Housing Development Fund Company Inc spend its money?
United Neighbors Housing Development Fund Company Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Neighbors Housing Development Fund Company Inc tax-deductible?
United Neighbors Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 133859262). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does United Neighbors Housing Development Fund Company Inc. cover its consistent operating deficits?
The organization consistently spends more than it earns, for example, $3,704,934 in expenses against $3,063,056 in revenue in 2023. This suggests they are either drawing from reserves, receiving unreported grants, or have other funding mechanisms not immediately apparent from the top-line revenue figures.
What is the breakdown of the organization's expenses, particularly program vs. administrative costs?
Without detailed expense breakdowns in the provided data, it's difficult to ascertain the exact program vs. administrative spending. However, given the NTEE code I20 (Housing, Shelter), a significant portion of expenses should ideally be directed towards direct program services.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with multi-million dollar revenues and expenses. This could indicate a volunteer board and executive team, or that compensation is reported under other expense lines, which would reduce transparency.
What is the trend in the organization's net assets?
The organization's assets have generally declined over the past decade, from $6,173,578 in 2014 to $4,389,923 in 2023, while liabilities have increased, indicating a weakening financial position over time.
Filing History
IRS 990 filing history for United Neighbors Housing Development Fund Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Neighbors Housing Development Fund Company Inc's revenue has declined by 71.4%, moving from $10.7M to $3.1M. Total assets decreased by 35.8% over the same period, from $6.8M to $4.4M. Total functional expenses rose by 43.5%, from $2.6M to $3.7M. In its most recent filing year (2023), United Neighbors Housing Development Fund Company Inc reported a deficit of $642K, with expenses exceeding revenue. The organization holds $914K in liabilities against $4.4M in assets (debt-to-asset ratio: 20.8%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.7M | $4.4M | $914K | — | — |
| 2022 | $2.9M | $3.6M | $4.7M | $571K | — | View 990 |
| 2021 | $2.9M | $3.5M | $5.3M | $486K | — | View 990 |
| 2020 | $3.0M | $3.0M | $6.0M | $536K | — | — |
| 2019 | $2.9M | $3.0M | $5.9M | $420K | — | View 990 |
| 2018 | $2.9M | $2.8M | $6.0M | $415K | — | View 990 |
| 2017 | $2.8M | $3.1M | $5.9M | $430K | — | View 990 |
| 2016 | $2.7M | $2.7M | $6.1M | $322K | — | View 990 |
| 2015 | $2.6M | $2.6M | $6.1M | $333K | — | View 990 |
| 2014 | $2.4M | $2.7M | $6.2M | $311K | — | View 990 |
| 2013 | $2.3M | $2.4M | $6.5M | $292K | — | View 990 |
| 2012 | $2.2M | $2.5M | $6.6M | $890K | — | View 990 |
| 2011 | $10.7M | $2.6M | $6.8M | $844K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.7M, and assets of $4.4M (revenue +4.0% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.6M, and assets of $4.7M (revenue +2.6% year-over-year).
- 2021: Revenue of $2.9M, expenses of $3.5M, and assets of $5.3M (revenue -2.9% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.0M, and assets of $6.0M (revenue +2.7% year-over-year).
- 2019: Revenue of $2.9M, expenses of $3.0M, and assets of $5.9M (revenue -0.7% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.8M, and assets of $6.0M (revenue +3.1% year-over-year).
- 2017: Revenue of $2.8M, expenses of $3.1M, and assets of $5.9M (revenue +5.6% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.7M, and assets of $6.1M (revenue +3.9% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.6M, and assets of $6.1M (revenue +5.0% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.7M, and assets of $6.2M (revenue +5.8% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.4M, and assets of $6.5M (revenue +5.4% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.5M, and assets of $6.6M (revenue -79.6% year-over-year).
- 2011: Revenue of $10.7M, expenses of $2.6M, and assets of $6.8M.
Data Sources and Methodology
This transparency report for United Neighbors Housing Development Fund Company 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.