Second and B Housing Development Fund Corporation
501(c)(2)Community
Only null% goes to programs Thin reserves Growing revenue
Second and B Housing Development Fund Corporation is a 501(c)(2) organization based in New York, New York, registered in 2018, with $52,738 in FY2024 revenue. CharityIndex grades it F.
228 E 3rd Street, New York, NY, 10009 EIN 45-3972948 Since 2018
Revenue (FY2024)
$53K
▼ 27.8% vs prior year
Community median: $184K
Expenses (FY2024)
$109K
Net assets
-$61K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Second and B 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 →
FFinancial health25% of the rating0 mo reserves · -107% 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 Second and B Housing Development Fund Corporation: 0 mo reserves · -107% 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 Second and B 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 Second and B 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
- 228 E 3rd Street, New York, NY, 10009
- City
- New York
- State
- New York
- Subcategory
- Business & Industry Associations
Financial trends
Revenue grew from $17K (FY2019) to $53K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Operating margin
-107.5%
Spent more than it raised in the latest fiscal year.
Total assets
$0
Total liabilities
$61K
Net assets
-$61K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $52,738▼27.8% | $109,429 | -$60,942▼1334% | $0 | 990EZ |
| 2023 | $73,056▲587% | — | -$4,251▲94.5% | $0 | 990EZ |
| 2022 | $10,641▲4608% | $60,855▼27.7% | -$77,307▼185% | $0 | 990EZ |
| 2021 | $226▼99.7% | $84,148 | -$27,093▼148% | $0▼100% | 990EZ |
| 2020 | $85,730▲393% | — | $56,829▲297% | $56,829 | 990EZ |
| 2019 | $17,390 | — | -$28,901 | $0 | 990EZ |
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 Second and B Housing Development Fund Corporation a legitimate nonprofit?
- Yes. Second and B Housing Development Fund Corporation is a 501(c)(2) organization registered with the U.S. Internal Revenue Service under EIN 45-3972948, based in New York, New York.
- What is Second and B Housing Development Fund Corporation's EIN?
- Second and B Housing Development Fund Corporation's Employer Identification Number (EIN) is 45-3972948.
- How much revenue does Second and B Housing Development Fund Corporation report?
- Second and B Housing Development Fund Corporation reported $52,738 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Second and B Housing Development Fund Corporation have?
- CharityIndex grades Second and B Housing Development Fund Corporation F, based on financial health (reserves and operating margin).
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Data for Second and B Housing Development Fund Corporation (EIN 45-3972948) 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.