L E R Housing Development Fund Corporation
Only null% goes to programs Thin reserves
L E R Housing Development Fund Corporation is a 501(c)(3) organization based in New York, New York, registered in 2003, with $277,109 in FY2024 revenue. CharityIndex grades it D.
413 E 120th Street, New York, NY, 10035 EIN 13-4032452 Since 2003
Revenue (FY2024)
$277K
▼ 26.8% vs prior year
Housing median: $408K
Expenses (FY2024)
$383K
Net assets
-$128K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 L E R Housing Development Fund Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -38% 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 L E R Housing Development Fund Corporation: 0 mo reserves · -38% margin earns a D 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 L E R Housing Development Fund Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 L E R Housing Development Fund Corporation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 413 E 120th Street, New York, NY, 10035
- City
- New York
- State
- New York
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
Financial trends
Revenue declined from $278K (FY2013) to $277K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1MNet assets -$128K
Operating margin
-38.1%
Spent more than it raised in the latest fiscal year.
Total assets
$978K
Total liabilities
$1.1M
Net assets
-$128K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $277,109▼26.8% | $382,635▼7.1% | -$127,546▼479% | $977,704▼7.1% | 990 |
| 2023 | $378,597▲28.2% | $411,772▲35.6% | -$22,019▼297% | $1,052,951▼7.9% | 990 |
| 2022 | $295,280▲2.5% | $303,777 | $11,156▼43.2% | $1,143,662▲3.7% | 990 |
| 2021 | $288,005▼11.4% | $303,769▼14.6% | $19,653▼44.5% | $1,102,477▼1.1% | 990 |
| 2020 | $325,037▲4.7% | $355,567▲18.8% | $35,417▼46.3% | $1,114,860▼3.1% | 990 |
| 2019 | $310,565▼3.8% | $299,177▲7.5% | $65,947▲20.9% | $1,150,451▲1.7% | 990 |
| 2018 | $322,753▲4.7% | $278,433▲13.6% | $54,559▲433% | $1,130,672▲4.9% | 990 |
| 2017 | $308,408▼8.7% | $245,030▲2.7% | $10,239▲119% | $1,077,494▲6.7% | 990 |
| 2016 | $337,852▲19.9% | $238,573▼27.6% | -$53,139▲65.1% | $1,010,285▲8.2% | 990 |
| 2015 | $281,858 | $329,325▲10.8% | -$152,418▼45.2% | $933,463▼7.0% | 990 |
| 2014 | $281,965▲1.5% | $297,188▲32.9% | -$104,951▼17.0% | $1,004,207▲4.9% | 990 |
| 2013 | $277,794 | $223,674▲6.0% | -$89,728▲37.6% | $957,647▲3.4% | 990 |
| 2012 | — | $210,930▼4.5% | -$143,848▲22.0% | $926,537▲5.5% | 990 |
| 2011 | — | $220,944▼3.9% | -$184,342▲11.9% | $878,135▲3.0% | 990 |
| 2010 | — | $229,964 | -$209,327 | $852,672 | 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.
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Frequently asked questions
- Is L E R Housing Development Fund Corporation a legitimate nonprofit?
- Yes. L E R Housing Development Fund Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-4032452, based in New York, New York. Donations are tax-deductible.
- What is L E R Housing Development Fund Corporation's EIN?
- L E R Housing Development Fund Corporation's Employer Identification Number (EIN) is 13-4032452.
- How much revenue does L E R Housing Development Fund Corporation report?
- L E R Housing Development Fund Corporation reported $277,109 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does L E R Housing Development Fund Corporation have?
- CharityIndex grades L E R Housing Development Fund Corporation D, based on financial health (reserves and operating margin).
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Data for L E R Housing Development Fund Corporation (EIN 13-4032452) 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.