Community Renewal Housing Fund Company Inc

Nonprofit profile at a glance

EIN
461578773
IRS 990-EZ coverage
2022–2024
Forms available
Form 990 2018, Form 990-EZ 2024, Form 990-N 2020
Location
New York, NY, USA
Phone
2124772265
Rating confidence
Limited
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Expenses
$2,325
Assets
$1,319
Liabilities
$11,463

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • THOMAS YU (PRESIDENT/ED)
  • MY T CHANG (VICE PRESIDENT/CHIEF OF ST)

People named in this filing

  • THOMAS YU (PRESIDENT/ED)
  • MY T CHANG (VICE PRESIDENT/CHIEF OF ST)
  • HSUEH LAM YAN (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Community renewal housing fund company was formed exclusively for the purpose of developing and operating a housing project for persons of low income. In furtherance of such purpose, the corporation shall lessen the burdens of government and provide sociial welfare by lessening neighborhood tensions and combating community deterioration.

What it reported doing in 2024

The project is described as a low income affordable housing project. A 100% of the facilities are rented to individuals meeting specific income restrictions. Recertification and proof of eligibility is made on an annual basis. The project is located in the borough of queens.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 18
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0.57; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 8.69; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 41.7% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: -27.9% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 4 of 4 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 21 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.