Alliance Apartments Housing Development Fund Co
Overview
Mission
To provide federally subsidized housing for the elderly - 51 apartments located at the harry and jeanette weinberg apartments 174-180 avenue a, New York, ny 10009.
What it reported doing in 2024
To provide federally subsidized housing for the elderly - 51 apartments at the harry and jeanette weinberg apartments, 174-178 avenue a, New York, ny 10009.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 133896558
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Headquarters
- New York, NY, USA
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing, Shelter N.E.C.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for setting executive pay and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 64
- Accountability: 41
- Sustainability: 21
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 88.3%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 14.3%; rating input score 14; 9th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -41.4%; rating input score 4; 4th percentile among comparable filings
- Operating reserve ratio: 1.17; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 3.73; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 8.7%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: -5.9% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 88.3% of spending went to programs
- Governance: 1 of 7 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $485K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 annual filings from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 5 filed related-organization links
- 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.