Lutheran Housing Development Fund Corporation

Analysis

Lutheran Housing Development Fund Corporation is a registered charity in United States, based in Scarsdale, NY. It received its IRS tax-exemption ruling in October 1981, 45 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, Lutheran Housing Development Fund Corporation reported income of $1.7m and spending of $1.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+8.0%), an average of +1.9% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lutheran Housing Development Fund Corporation 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 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Rockland Home for the Aged Housing Development Fund Company Inc ($1.7m), Connect Senior Services Inc ($1.7m) and Sojourner House Moms ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $238k. At year end it held assets of $2.9m against liabilities of $4.3m, net assets of -$1.4m. It reported 6 employees.