500 West 42nd Street Housing Development Fund Corporation

Analysis

500 West 42nd Street Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, 500 West 42nd Street Housing Development Fund Corporation reported income of $178k and spending of $53k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $173k to $178k (+2.6%), an average of +0.6% a year. Over the whole period it spent 30% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 500 West 42nd Street Housing Development Fund Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Frog Recovery Finding Recovery Options for Growth Inc ($178k), Habitat for Humanity International Inc ($178k) and Niagara Village Housing Development Fund Company Inc ($178k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 29% of the total. At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m.