The Parodneck Foundation for Self-H Elp Housing & Community DVLPNT Inc

Analysis

The Parodneck Foundation for Self-H Elp Housing & Community DVLPNT Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1994, 32 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 2022, The Parodneck Foundation for Self-H Elp Housing & Community DVLPNT Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.1m to $1.1m (-49%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Parodneck Foundation for Self-H Elp Housing & Community DVLPNT Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Housing Development Corporation of Northumberland County ($1.1m), The Camry Group Homes Inc ($1.1m) and Oklahoma City Housing Services Redevelopment Corporation ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 46% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $231k (21% of expenses). Other salaries and wages came to $327k. At year end it held assets of $14.5m against liabilities of $11.0m, net assets of $3.6m. It reported 9 employees.