Malcolm X Apartments Inc is a 501(c)(3) organization based in New York, New York, registered in 2002, with -$307,752 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
-$308K
▼ 120.0% vs prior year
Housing median: $408K
Expenses (FY2024)
$19K
Net assets
-$976K
Employees
—
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 Malcolm X Apartments Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Malcolm X Apartments Inc: 0 mo reserves · -106% margin earns a F on this criterion. See the exact thresholds →
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 Malcolm X Apartments Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Malcolm X Apartments Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $15K (FY2013) to -$308K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-106.1%
Spent more than it raised in the latest fiscal year.
Total assets
$2.1M
Total liabilities
$3.1M
Net assets
-$976K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$307,752▼120% | $18,700▲36.5% | -$975,579▼50.3% | $2,144,857▼7.2% | 990 |
| 2023 | -$139,868▲34.5% | $13,700▼39.6% | -$649,127▼31.0% | $2,312,498▼5.9% | 990 |
| 2022 | -$213,470▼39.9% | $22,700▲4.6% | -$495,559▼91.0% | $2,458,194▼5.4% | 990 |
| 2021 | -$152,537▲16.3% | $21,700▼8.4% | -$259,389▼205% | $2,599,726▼0.7% | 990 |
| 2020 | -$182,234▼13.6% | $23,700▼2.9% | -$85,154▼171% | $2,618,881▲16.4% | 990 |
| 2019 | -$160,399▼135% | $24,415▲7.1% | $120,780▼60.5% | $2,249,002▲9.8% | 990 |
| 2018 | -$68,124▼3342% | $22,790▲8.5% | $305,594▼22.9% | $2,048,175▼1.0% | 990 |
| 2017 | $2,101▼98.0% | $21,000 | $396,508▼4.5% | $2,068,618▼1.0% | 990 |
| 2016 | $107,412▲233% | $21,000▼13.0% | $415,407▲26.3% | $2,090,305▲0.3% | 990 |
| 2015 | -$81,031▲13.4% | $24,125▲3.5% | $328,995▼24.2% | $2,085,047▼5.0% | 990 |
| 2014 | -$93,620▼737% | $23,320▼38.1% | $434,151▼21.2% | $2,194,812▼11.1% | 990 |
| 2013 | $14,708 | $37,650▲102% | $551,091▼4.0% | $2,468,473▲2.4% | 990 |
| 2012 | — | $18,600▼4.5% | $574,033▲28.1% | $2,410,585▲4.0% | 990 |
| 2011 | — | $19,476▲75.5% | $448,042▲38.0% | $2,318,800▲6.3% | 990 |
| 2010 | — | $11,100 | $324,693 | $2,180,648 | 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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Data for Malcolm X Apartments Inc (EIN 13-4118724) 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.