Northeastern Conference House Housing Development Fund Co Inc

Analysis

Northeastern Conference House Housing Development Fund Co Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in August 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 September 2023, Northeastern Conference House Housing Development Fund Co Inc reported income of $2.0m and spending of $2.4m, spending 121% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.0m (+2.1%), an average of +0.5% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northeastern Conference House Housing Development Fund Co Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Nosotros Housing Development Fund Corporation ($2.0m), Episcopal Church Home Foundation Inc ($2.0m) and Jones Senior Homes Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Other salaries and wages came to $324k. At year end it held assets of $5.1m against liabilities of $9.6m, net assets of -$4.5m. It reported 7 employees.

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.