Yorkville Gardens Housing Development Fund Co Inc
Yorkville Gardens Housing Fund shows consistent surpluses and significant asset growth, with no reported officer compensation.
EIN: 133085054 · New York, NY · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $3.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $3.1M |
| Transparency Score | 85/100 |
Is Yorkville Gardens Housing Development Fund Co Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Yorkville Gardens Housing Development Fund Co Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Yorkville Gardens Housing Development Fund Co Inc
Yorkville Gardens Housing Development Fund Co Inc (EIN: 133085054) is a nonprofit organization based in New York, NY, classified under NTEE code L22Z. The organization reported total revenue of $4.8M and total assets of $40.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Yorkville Gardens Housing Development Fund Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Yorkville Gardens Housing Development Fund Co Inc is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $3.8M |
| Surplus / Deficit | +$449K |
| Total Assets | $41.7M |
| Total Liabilities | $38.7M |
| Net Assets | $3.1M |
| Operating Margin | 10.6% |
| Debt-to-Asset Ratio | 92.7% |
| Months of Reserves | 132.3 months |
Financial Health Grade: A
In 2023, Yorkville Gardens Housing Development Fund Co Inc reported a surplus of $449K with revenue exceeding expenses, holds 132.3 months of operating reserves (strong position), has a debt-to-asset ratio of 92.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Yorkville Gardens Housing Development Fund Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.6% | +51.3% | +726.8% |
| 2022 | -0.3% | -1.4% | +7.2% |
| 2021 | +1.2% | +1.7% | +6.7% |
| 2020 | +28.3% | +7.0% | +21.6% |
| 2019 | +5.1% | +1.6% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Yorkville Gardens Housing Development Fund Co Inc 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, Yorkville Gardens Housing Development Fund Co Inc 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 $449K, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990, which is highly unusual for an organization with over $4 million in annual revenue and $40 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.
Red Flags
The following concerns were identified during AI analysis of Yorkville Gardens Housing Development Fund Co Inc's IRS 990 filings:
- Dramatic, unexplained increase in assets and liabilities between 2206 and 2306 periods without further context.
- Consistent 0% officer compensation for an organization of this size and asset base, which is unusual and warrants further inquiry into operational structure.
Strengths
The following positive indicators were identified for Yorkville Gardens Housing Development Fund Co Inc:
- Consistent revenue exceeding expenses, indicating financial stability.
- Significant asset base of over $40 million, suggesting substantial investment in its mission.
- No reported officer compensation, implying low executive overhead.
- Consistent IRS 990 filing history, demonstrating regulatory compliance.
Frequently Asked Questions about Yorkville Gardens Housing Development Fund Co Inc
Is Yorkville Gardens Housing Development Fund Co Inc a legitimate charity?
Yorkville Gardens Housing Development Fund Co Inc (EIN: 133085054) 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: $4.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Yorkville Gardens Housing Development Fund Co Inc spend its money?
Yorkville Gardens Housing Development Fund Co Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Yorkville Gardens Housing Development Fund Co Inc tax-deductible?
Yorkville Gardens Housing Development Fund Co Inc is registered as a tax-exempt nonprofit (EIN: 133085054). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Yorkville Gardens Housing Development Fund Co Inc CEO make?
Yorkville Gardens Housing Development Fund Co Inc's highest-compensated officer earns $4 annually. The organization reported $4.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Yorkville Gardens Housing Development Fund Co Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Yorkville Gardens Housing Development Fund Co Inc is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Yorkville Gardens Housing Development Fund Co Inc located?
Yorkville Gardens Housing Development Fund Co Inc is headquartered in New York, New York and files with the IRS under EIN 133085054. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Yorkville Gardens Housing Development Fund Co Inc have?
Yorkville Gardens Housing Development Fund Co Inc 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 $4.8M in total revenue.
What caused the dramatic increase in assets and liabilities between the 202206 and 202306 filing periods?
The assets surged from $5,048,506 in 202206 to $41,739,391 in 202306, with liabilities similarly increasing from $2,431,717 to $38,673,851. This significant change likely reflects a major capital project, acquisition of new properties, or a revaluation of existing housing assets, potentially financed by substantial debt.
How does Yorkville Gardens Housing Development Fund Co Inc operate without any reported officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive functions are performed by staff whose compensation is categorized differently (e.g., program staff) or by an affiliated entity, which would require further investigation of the full 990 form.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed functional expense breakdown. While the overall financial health suggests strong program focus, a precise allocation of spending across these categories is not available without reviewing the full IRS Form 990, Part IX.
Filing History
IRS 990 filing history for Yorkville Gardens Housing Development Fund Co Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Yorkville Gardens Housing Development Fund Co Inc's revenue has grown by 73.7%, moving from $2.4M to $4.2M. Total assets increased by 820% over the same period, from $4.5M to $41.7M. Total functional expenses rose by 72.6%, from $2.2M to $3.8M. In its most recent filing year (2023), Yorkville Gardens Housing Development Fund Co Inc reported a surplus of $449K, with revenue exceeding expenses. The organization holds $38.7M in liabilities against $41.7M in assets (debt-to-asset ratio: 92.7%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $3.8M | $41.7M | $38.7M | — | — |
| 2022 | $3.5M | $2.5M | $5.0M | $2.4M | — | View 990 |
| 2021 | $3.6M | $2.5M | $4.7M | $3.1M | — | — |
| 2020 | $3.5M | $2.5M | $4.4M | $3.8M | — | View 990 |
| 2019 | $2.7M | $2.3M | $3.6M | $4.1M | — | View 990 |
| 2018 | $2.6M | $2.3M | $3.6M | $4.5M | — | View 990 |
| 2017 | $2.6M | $2.3M | $3.8M | $5.0M | — | View 990 |
| 2016 | $2.5M | $2.3M | $3.9M | $5.3M | — | View 990 |
| 2015 | $2.5M | $2.2M | $4.1M | $5.7M | — | View 990 |
| 2014 | $2.5M | $2.3M | $4.1M | $6.0M | — | View 990 |
| 2013 | $2.4M | $2.3M | $4.4M | $6.4M | — | View 990 |
| 2012 | $2.4M | $2.2M | $4.6M | $6.7M | — | View 990 |
| 2011 | $2.4M | $2.2M | $4.5M | $7.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $3.8M, and assets of $41.7M (revenue +19.6% year-over-year).
- 2022: Revenue of $3.5M, expenses of $2.5M, and assets of $5.0M (revenue -0.3% year-over-year).
- 2021: Revenue of $3.6M, expenses of $2.5M, and assets of $4.7M (revenue +1.2% year-over-year).
- 2020: Revenue of $3.5M, expenses of $2.5M, and assets of $4.4M (revenue +28.3% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.3M, and assets of $3.6M (revenue +5.1% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.3M, and assets of $3.6M (revenue +2.1% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.3M, and assets of $3.8M (revenue +1.7% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.3M, and assets of $3.9M (revenue +1.8% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.2M, and assets of $4.1M (revenue +0.4% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.3M, and assets of $4.1M (revenue +1.7% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.3M, and assets of $4.4M (revenue -1.2% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.2M, and assets of $4.6M (revenue +0.2% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.2M, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Yorkville Gardens Housing Development Fund Co Inc:
Data Sources and Methodology
This transparency report for Yorkville Gardens Housing Development Fund Co 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.