Greater Hempstead Housing Development Fund Corporation

Analysis

Greater Hempstead Housing Development Fund Corporation is a registered charity in United States, based in Hempstead, NY. It received its IRS tax-exemption ruling in May 1972, 54 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 2020, Greater Hempstead Housing Development Fund Corporation reported income of $102k and spending of $99k, spending 97% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $102k to $102k (+0.7%), an average of +0.7% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater Hempstead Housing Development Fund Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include St Monicas Development Corporation ($102k), Champion Place Inc ($102k) and Villa Pacis Inc ($102k).

On its Form 990 for the period ending December 2020, revenue came from program service revenue 32% of the total. Compensation of current officers, directors and key employees was $49k (50% of expenses). At year end it held assets of $3.2m against liabilities of $216k, net assets of $3.0m.