Msgr Joseph F Stedman Residence Housing Development Fund Corporati
501(c)(3) Donations tax-deductible
Only null% goes to programs Thin reserves Growing revenue
Msgr Joseph F Stedman Residence Housing Development Fund Corporati is a 501(c)(3) organization based in Brooklyn, New York, registered in 1946, with $1,373,985 in FY2024 revenue. CharityIndex grades it D.
191 Joralemon St, Brooklyn, NY, 11201 EIN 11-3402363 Since 1946
Revenue (FY2024)
$1.4M
▲ 5.8% vs prior year
Expenses (FY2024)
$1.5M
Net assets
-$3.7M
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 Msgr Joseph F Stedman Residence Housing Development Fund Corporati— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -8% 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 Msgr Joseph F Stedman Residence Housing Development Fund Corporati: 0 mo reserves · -8% margin earns a F 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 Msgr Joseph F Stedman Residence Housing Development Fund Corporati— 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 Msgr Joseph F Stedman Residence Housing Development Fund Corporati: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
Financial trends
Revenue grew from $879K (FY2015) to $1.4M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9.1MNet assets -$3.7M
Operating margin
-7.7%
Spent more than it raised in the latest fiscal year.
Total assets
$5.3M
Total liabilities
$9.1M
Net assets
-$3.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,373,985▲5.8% | $1,480,394▲1.0% | -$3,748,901▼2.9% | $5,347,836▼2.4% | 990 |
| 2023 | $1,298,958▼1.8% | $1,466,273▼1.8% | -$3,642,492▼4.8% | $5,477,919▼3.1% | 990 |
| 2022 | $1,322,615▲11.6% | $1,492,792▲8.2% | -$3,475,177▼5.1% | $5,654,649▼3.4% | 990 |
| 2021 | $1,184,907▲0.8% | $1,380,130▼0.2% | -$3,305,000▼6.3% | $5,851,124▼2.8% | 990 |
| 2020 | $1,175,882▼0.8% | $1,383,137▲8.8% | -$3,109,777▼7.1% | $6,020,746▼2.6% | 990 |
| 2019 | $1,185,644▲0.4% | $1,270,936▲5.4% | -$2,902,522▼3.0% | $6,183,756▼3.5% | 990 |
| 2018 | $1,181,267▲6.1% | $1,205,577▲4.9% | -$2,817,230▼0.9% | $6,407,250▲0.7% | 990 |
| 2017 | $1,112,907▲1.3% | $1,149,798▲2.1% | -$2,792,920▼1.3% | $6,360,275▼2.4% | 990 |
| 2016 | $1,098,943▲25.0% | $1,126,672▲15.2% | -$2,756,029▼1.0% | $6,513,750▲0.1% | 990 |
| 2015 | $879,106 | $977,990 | -$2,728,300 | $6,507,035 | 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 Msgr Joseph F Stedman Residence Housing Development Fund Corporati a legitimate nonprofit?
- Yes. Msgr Joseph F Stedman Residence Housing Development Fund Corporati is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-3402363, based in Brooklyn, New York. Donations are tax-deductible.
- What is Msgr Joseph F Stedman Residence Housing Development Fund Corporati's EIN?
- Msgr Joseph F Stedman Residence Housing Development Fund Corporati's Employer Identification Number (EIN) is 11-3402363.
- How much revenue does Msgr Joseph F Stedman Residence Housing Development Fund Corporati report?
- Msgr Joseph F Stedman Residence Housing Development Fund Corporati reported $1,373,985 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Msgr Joseph F Stedman Residence Housing Development Fund Corporati have?
- CharityIndex grades Msgr Joseph F Stedman Residence Housing Development Fund Corporati D, based on financial health (reserves and operating margin).
More nonprofits in Brooklyn
Explore more
Data for Msgr Joseph F Stedman Residence Housing Development Fund Corporati (EIN 11-3402363) 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.