F I T Student Housing Corporation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
F I T Student Housing Corporation is a 501(c)(3) organization based in New York, New York, registered in 1987, with $45,235,961 in FY2024 revenue. CharityIndex grades it B.
227 W 27th St, New York, NY, 10001 EIN 13-3263493 Since 1987
Revenue (FY2024)
$45.2M
▲ 0.7% vs prior year
Expenses (FY2024)
$37.8M
Net assets
$50.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for F I T Student Housing Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For F I T Student Housing Corporation: 16 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for F I T Student Housing Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For F I T Student Housing Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $31.3M (FY2013) to $45.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $125.3MNet assets $50.1M
Operating margin
16.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$175.3M
Total liabilities
$125.3M
Net assets
$50.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $45,235,961▲0.7% | $37,761,900▲1.3% | $50,051,309▲17.6% | $175,308,929▲0.5% | 990 |
| 2023 | $44,926,980▲9.2% | $37,292,289▲5.7% | $42,545,108▲22.0% | $174,467,755▲1.9% | 990 |
| 2022 | $41,152,480▲21.5% | $35,269,498▲5.8% | $34,879,873▲20.7% | $171,217,690▼0.7% | 990 |
| 2021 | $33,857,523▲212% | $33,332,242▲37.8% | $28,892,746▲1.9% | $172,356,223▼1.2% | 990 |
| 2020 | $10,866,143▼62.1% | $24,187,115▼26.7% | $28,353,987▼32.0% | $174,398,361▲8.4% | 990 |
| 2019 | $28,682,214▼17.8% | $33,015,765▼1.0% | $41,694,302▼9.4% | $160,932,136▼7.2% | 990 |
| 2018 | $34,887,053▲0.6% | $33,359,995▲4.7% | $46,023,230▲3.5% | $173,401,024▼1.4% | 990 |
| 2017 | $34,688,793▼0.2% | $31,863,376▼1.8% | $44,481,228▲7.6% | $175,850,505▼2.0% | 990 |
| 2016 | $34,764,990▼1.1% | $32,440,917▲10.6% | $41,338,748▲6.0% | $179,376,585▼0.8% | 990 |
| 2015 | $35,146,221▼0.1% | $29,319,274▼0.5% | $39,012,494▲17.6% | $180,802,744▲0.3% | 990 |
| 2014 | $35,171,222▲12.5% | $29,468,636▲17.2% | $33,185,547▲20.7% | $180,203,310▲0.8% | 990 |
| 2013 | $31,252,322 | $25,134,748▲10.6% | $27,482,961▲51.1% | $178,739,189▲9.4% | 990 |
| 2012 | — | $22,724,441▼7.4% | $18,183,195▲31.0% | $163,441,039▼0.4% | 990 |
| 2011 | — | $24,545,584▲8.5% | $13,879,425▲14.0% | $164,171,149▲0.4% | 990 |
| 2010 | — | $22,623,168 | $12,171,729 | $163,449,978 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is F I T Student Housing Corporation a legitimate nonprofit?
- Yes. F I T Student Housing Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3263493, based in New York, New York. Donations are tax-deductible.
- What is F I T Student Housing Corporation's EIN?
- F I T Student Housing Corporation's Employer Identification Number (EIN) is 13-3263493.
- How much revenue does F I T Student Housing Corporation report?
- F I T Student Housing Corporation reported $45,235,961 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does F I T Student Housing Corporation have?
- CharityIndex grades F I T Student Housing Corporation B, based on financial health (reserves and operating margin).
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Data for F I T Student Housing Corporation (EIN 13-3263493) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.