First Baptist Housing Development Fund Company Inc C/o Westhab Inc
Overview
Mission
See schedule o for details.
What it reported doing in 2024
Provided six affordable housing units to low income families.
Operating model
- Revenue model
- Donor-supported. 62% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
Nonprofit profile at a glance
- EIN
- 133810351
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Headquarters
- Yonkers, NY, USA
- Phone
- 9143452800
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
- Affiliation
- Christianity
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 100
- Sustainability: 66
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.4%; rating input score 82
- Program expense ratio: 93.6%; rating input score 94
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 13.2%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 3.4; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 0.7% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: -0.8% per year; rating input score 0; 25th percentile among comparable filings
Details
- Where the money goes: 82.4% of revenue deployed · 93.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $96K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 annual filings from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
5 people listed
Source: IRS Form 990-EZ. Selected filing: FY2024.