Ahi Ezer Housing Development Fund Corp

Analysis

Ahi Ezer Housing Development Fund Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1978, 48 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, Ahi Ezer Housing Development Fund Corp reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+9.1%), an average of +2.2% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahi Ezer Housing Development Fund Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Suncoast Manor Foundation Inc ($1.7m), Good Works Inc ($1.7m) and Elderly Housing Management Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Other salaries and wages came to $399k. At year end it held assets of $2.6m against liabilities of $2.9m, net assets of -$252k. It reported 20 employees.