St Hedwigs Gardens Housing Development Fund Company Inc

Nonprofit profile at a glance

EIN
113359063
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Hicksville, NY, USA
Phone
5167337032
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$100
Expenses
$231,181
Assets
$82,842
Liabilities
$1,696,041

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MICHAEL SMITH (PRESIDENT)

People named in this filing

  • MICHAEL SMITH (PRESIDENT)
  • RICHARD BALCOM (TREASURER)
  • ROBERT J AHLSTROM JR (TRUSTEE)

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

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide low income housing to residents of the community on a not-for-profit basis.

What it reported doing in 2025

1998 = $2,286, 1999 = $310, 2000 = $310, 2001 = $310, 2002 = $310, 2003 = $310, 2004 = $310, 2005 = $310, 2006 = $310, 2007 = $310 & 2008 = $81. Total = $5,157; pursuant to schedule k-1 passthroughs. 2008 was the final year of the credit passthrough.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 90
  • Accountability: 94
  • Sustainability: 12
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • 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: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -231,081%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 20.47; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 7.5% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 0% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: -4.2% per year; rating input score 0; 21st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $231K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 18 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 — Sustainability: Operating margin scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.