Graceland Terrace Housing Development Fund Corp

Analysis

Graceland Terrace Housing Development Fund Corp is a registered charity in United States, based in Port Chester, NY. It received its IRS tax-exemption ruling in March 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Graceland Terrace Housing Development Fund Corp reported income of $171k and spending of $59k, leaving 66% of income unspent that year. Across the 6 years on record, from August 2019 to August 2024, income grew from $166k to $171k (+2.8%), an average of +0.6% a year. The sharpest change came in the year to August 2020, when income rose by 74%. Over the whole period it spent 29% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Graceland Terrace Housing Development Fund Corp sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Community Housing II Inc ($171k), CMRS IV Inc ($171k) and Margaret Bock Housing ($171k).

Other salaries and wages came to $43k. At year end it held assets of $2.1m against liabilities of $76k, net assets of $2.0m.