Brookset Housing Development Fund Corporation

Analysis

Brookset 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 2001, 25 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 December 2023, Brookset Housing Development Fund Corporation reported income of $468k and spending of $676k, spending 144% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $443k to $468k (+5.7%), an average of +1.9% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brookset Housing Development Fund Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Urban Ventures LLC ($468k), Habitat for Humanity International Inc ($468k) and Clifton Sanctuary Ministries Inc ($468k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $4.0m against liabilities of $1.4m, net assets of $2.6m.

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.