Woodysun Housing Development Fund Corporation
Woodysun Housing Development Fund Corporation maintains stable operations with no executive compensation, but faces long-term asset decline and high liabilities.
EIN: 133022900 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.4 |
| Net Assets | $-1,550,730 |
| Transparency Score | 85/100 |
Is Woodysun 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 →
Woodysun Housing Development Fund Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Woodysun Housing Development Fund Corporation
Woodysun Housing Development Fund Corporation (EIN: 133022900) is a nonprofit organization based in New York, NY. The organization reported total revenue of $1.8M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodysun Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woodysun Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$154K |
| Total Assets | $2.9M |
| Total Liabilities | $4.4M |
| Net Assets | $-1,550,730 |
| Operating Margin | 9.3% |
| Debt-to-Asset Ratio | 153.8% |
| Months of Reserves | 23.0 months |
Financial Health Grade: A
In 2023, Woodysun Housing Development Fund Corporation reported a surplus of $154K with revenue exceeding expenses, holds 23.0 months of operating reserves (strong position), has a debt-to-asset ratio of 153.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Woodysun Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | +4.5% | -4.5% |
| 2022 | -0.3% | -1.9% | +3.8% |
| 2021 | +11.9% | -0.8% | -12.1% |
| 2020 | -2.9% | -20.5% | -8.5% |
| 2019 | -1.9% | +27.5% | -5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Woodysun Housing Development Fund Corporation with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Woodysun Housing Development Fund Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $154K, with revenue exceeding expenses.
- Debt-to-asset ratio: 153.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This suggests a strong dedication to minimizing overhead and maximizing resources for its mission, especially for an organization with revenues consistently above $1.4 million.
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 Woodysun Housing Development Fund Corporation's IRS 990 filings:
- Liabilities consistently exceed assets, indicating a high debt-to-asset ratio.
- Gradual decline in total assets over the past decade.
Strengths
The following positive indicators were identified for Woodysun Housing Development Fund Corporation:
- Consistent operational surpluses in recent years (e.g., 2023 revenue $1,659,761 vs. expenses $1,505,709).
- 0% officer compensation reported across all filings, indicating strong resource allocation to mission.
- Long history of consistent IRS 990 filings (13 filings), suggesting transparency.
Frequently Asked Questions about Woodysun Housing Development Fund Corporation
Is Woodysun Housing Development Fund Corporation a legitimate charity?
Woodysun Housing Development Fund Corporation (EIN: 133022900) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. 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 Woodysun Housing Development Fund Corporation spend its money?
Woodysun Housing Development Fund Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Woodysun Housing Development Fund Corporation tax-deductible?
Woodysun Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133022900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Woodysun Housing Development Fund Corporation CEO make?
Woodysun Housing Development Fund Corporation's highest-compensated officer earns $1.4 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Woodysun Housing Development Fund Corporation located?
Woodysun Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 133022900.
How many years of IRS 990 filings does Woodysun Housing Development Fund Corporation have?
Woodysun Housing Development Fund Corporation 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 Woodysun Housing Development Fund Corporation a good charity?
Based on the available data, Woodysun Housing Development Fund Corporation appears to be a responsible organization, particularly due to its consistent lack of executive compensation and generally stable financial operations where revenues often exceed expenses. However, a deeper understanding of its program impact and the nature of its liabilities would provide a more complete picture.
What is the trend in the organization's assets and liabilities?
The organization's assets have shown a declining trend over the past decade, from $4,634,555 in 2014 to $2,881,997 in 2023. Concurrently, liabilities have consistently exceeded assets, ranging from $5,840,509 in 2014 to $4,432,727 in 2023, indicating a significant debt burden relative to its asset base.
How does the organization's revenue compare to its expenses?
In most recent years, the organization's revenue has exceeded its expenses, indicating operational surpluses. For example, in 2023, revenue was $1,659,761 and expenses were $1,505,709. This trend suggests financial stability in its day-to-day operations.
Filing History
IRS 990 filing history for Woodysun Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Woodysun Housing Development Fund Corporation's revenue has grown by 20.1%, moving from $1.4M to $1.7M. Total assets decreased by 34.7% over the same period, from $4.4M to $2.9M. Total functional expenses rose by 1%, from $1.5M to $1.5M. In its most recent filing year (2023), Woodysun Housing Development Fund Corporation reported a surplus of $154K, with revenue exceeding expenses. The organization holds $4.4M in liabilities against $2.9M in assets (debt-to-asset ratio: 153.8%), resulting in net assets of $-1,550,730.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.5M | $2.9M | $4.4M | — | — |
| 2022 | $1.6M | $1.4M | $3.0M | $4.7M | — | View 990 |
| 2021 | $1.6M | $1.5M | $2.9M | $4.8M | — | View 990 |
| 2020 | $1.4M | $1.5M | $3.3M | $5.3M | — | — |
| 2019 | $1.5M | $1.9M | $3.6M | $5.5M | — | View 990 |
| 2018 | $1.5M | $1.5M | $3.8M | $5.3M | — | View 990 |
| 2017 | $1.5M | $1.5M | $3.9M | $5.4M | — | View 990 |
| 2016 | $1.4M | $1.7M | $4.1M | $5.6M | — | View 990 |
| 2015 | $1.5M | $1.5M | $4.5M | $5.8M | — | View 990 |
| 2014 | $1.4M | $1.3M | $4.6M | $5.8M | — | View 990 |
| 2013 | $1.4M | $967K | $4.5M | $5.8M | — | View 990 |
| 2012 | $1.3M | $1.4M | $4.5M | $6.2M | — | View 990 |
| 2011 | $1.4M | $1.5M | $4.4M | $6.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.5M, and assets of $2.9M (revenue +5.2% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.4M, and assets of $3.0M (revenue -0.3% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $2.9M (revenue +11.9% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.5M, and assets of $3.3M (revenue -2.9% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.9M, and assets of $3.6M (revenue -1.9% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $3.8M (revenue +0.2% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $3.9M (revenue +3.6% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.7M, and assets of $4.1M (revenue -2.2% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $4.5M (revenue +1.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $4.6M (revenue +5.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $967K, and assets of $4.5M (revenue +1.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.4M, and assets of $4.5M (revenue -2.9% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.5M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woodysun Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Woodysun 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.