H S C No 5 Housing Development Fund Co Inc

Analysis

H S C No 5 Housing Development Fund Co Inc is a registered charity in United States, based in Greenlawn, NY. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, H S C No 5 Housing Development Fund Co Inc reported income of $718k and spending of $1.0m, spending 145% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $666k to $718k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to July 2022, when income rose by 28%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, H S C No 5 Housing Development Fund Co Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Hoosier Manor Inc ($718k), Woodward Manor Inc ($718k) and Fayetteville State University Student Housing Corporation ($717k).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $148k. At year end it held assets of $5.2m against liabilities of $9.4m, net assets of -$4.2m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.