Lake View Housing Development Fund Corporation

Analysis

Lake View Housing Development Fund Corporation is a registered charity in United States, based in Carmel, NY. It received its IRS tax-exemption ruling in July 2000, 26 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, Lake View Housing Development Fund Corporation reported income of $503k and spending of $336k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $503k (+82%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 150%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lake View Housing Development Fund Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Fairoaks of Denton Incorporated ($503k), Home Team Housing ($503k) and Habitat for Humanity International Inc ($502k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $44k. At year end it held assets of $1.7m against liabilities of $28k, net assets of $1.7m.