Mid-bronx Housing Development Fund
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Mid-bronx Housing Development Fund is a 501(c)(3) organization based in Bronx, New York, registered in 1974, with $3,611,911 in FY2023 revenue. CharityIndex grades it B.
900 Grand Concourse, Bronx, NY, 10451 EIN 23-7363423 Since 1974
Revenue (FY2023)
$3.6M
▲ 11.4% vs prior year
Expenses (FY2023)
$3.0M
Net assets
$3.0M
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 Mid-bronx Housing Development Fund— 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 rating12 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 Mid-bronx Housing Development Fund: 12 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 Mid-bronx Housing Development Fund— 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 Mid-bronx Housing Development Fund: 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 $3.2M (FY2013) to $3.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3.6MNet assets $3.0M
Operating margin
16.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.6M
Total liabilities
$3.6M
Net assets
$3.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $3,611,911▲11.4% | $3,000,216▼20.0% | $3,007,096▼15.5% | $6,640,249▲13.8% | 990 |
| 2022 | $3,243,386▲7.4% | $3,749,294▲42.9% | $3,559,062▼19.6% | $5,836,858▲5.5% | 990 |
| 2021 | $3,021,247▼15.2% | $2,624,445▲7.8% | $4,425,590▼16.3% | $5,532,789▼9.1% | 990 |
| 2020 | $3,561,955▲23.7% | $2,433,653▼28.8% | $5,284,353▲27.5% | $6,085,137▲27.9% | 990 |
| 2019 | $2,879,719▼13.2% | $3,418,296▲32.5% | $4,144,825▼34.7% | $4,757,069▼38.3% | 990 |
| 2018 | $3,318,322▲1.4% | $2,579,877▼1.3% | $6,346,553▲13.2% | $7,713,814▲21.8% | 990 |
| 2017 | $3,270,988▼7.2% | $2,613,190▲3.9% | $5,608,108▲13.0% | $6,333,748▲15.3% | 990 |
| 2016 | $3,523,462▲13.1% | $2,514,712▼4.4% | $4,962,802▲27.2% | $5,490,921▲25.6% | 990 |
| 2015 | $3,116,592▼2.9% | $2,629,519▼5.2% | $3,900,226▲12.5% | $4,371,528▲8.5% | 990 |
| 2014 | $3,209,952▲1.5% | $2,774,124▼7.0% | $3,465,500▲11.0% | $4,028,562▲9.1% | 990 |
| 2013 | $3,163,701 | $2,982,782▲3.0% | $3,122,606▲6.4% | $3,691,391▼1.3% | 990 |
| 2012 | — | $2,896,664▲4.0% | $2,933,558▲1.1% | $3,740,690▲2.4% | 990 |
| 2011 | — | $2,784,503▼6.9% | $2,900,483▼1.7% | $3,653,769▲1.6% | 990 |
| 2010 | — | $2,989,287▼3.1% | $2,949,994▼8.9% | $3,595,774▼4.5% | 990 |
| 2009 | — | $3,084,396 | $3,239,512 | $3,764,578 | 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 Mid-bronx Housing Development Fund a legitimate nonprofit?
- Yes. Mid-bronx Housing Development Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7363423, based in Bronx, New York. Donations are tax-deductible.
- What is Mid-bronx Housing Development Fund's EIN?
- Mid-bronx Housing Development Fund's Employer Identification Number (EIN) is 23-7363423.
- How much revenue does Mid-bronx Housing Development Fund report?
- Mid-bronx Housing Development Fund reported $3,611,911 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Mid-bronx Housing Development Fund have?
- CharityIndex grades Mid-bronx Housing Development Fund B, based on financial health (reserves and operating margin).
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Data for Mid-bronx Housing Development Fund (EIN 23-7363423) 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.