16 Dutch Housing Development Fund Corporation
Overview
Mission
The organization formerly operated and nominally owned a condominium unit consisting of residential apartments dedicated exclusively to low income individuals or families who qualify under the applicable low income housing plan regulatory agreement with nyc housing.
What it reported doing in 2024
The organization no longer owns or operates low income housing. There were no program activities this year.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
Nonprofit profile at a glance
- EIN
- 208424822
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-N 2020
- Headquarters
- New York, NY, USA
- Phone
- 2129410920
- Rating confidence
- Limited
- Sector
- Low-Income & Subsidized Rental Housing
The verdict
- This form does not report enough financial and governance detail to rate the organization. That is normal for this form and is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 59
- Accountability: 82
- Sustainability: NotEnoughData
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 22nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: -67.5% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: -5% per year; rating input score 0; 43rd percentile among comparable filings
- Asset growth: -67.3% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $328K · 14 people listed · 0 of 6 pay-setting controls reported
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 6 annual filings from 2019 to 2024
- Contacts: How to reach this organization
- Related organizations: 7 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.
Leadership & pay
14 people listed
Highest reported compensation
- WAYNE HO (PRESIDENT & CEO): $327,576 total reported compensation
- LILLIAN JIELIAN ZHAO (CONTROLLER): $206,630 total reported compensation
- ALICE WONG (SECRETARY): $187,416 total reported compensation
Source: IRS Form 990. Selected filing: FY2024.