Vip West 184th Street Housing Development Fund Corporation

Analysis

Vip West 184th Street Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 2011, 15 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 June 2023, Vip West 184th Street Housing Development Fund Corporation reported income of $337k and spending of $424k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $323k to $337k (+4.3%), an average of +1.1% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vip West 184th Street Housing Development Fund Corporation sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Ashland Care Givers Association ($337k), Nhhi Robbinsdale Barrier Free Housing Corporation ($337k) and Liberty Woods Senior Housing Cooperative Inc ($336k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $756k against liabilities of $1.8m, net assets of -$1.1m.

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.