Suburban Housing Development and Research Inc

Analysis

Suburban Housing Development and Research Inc is a registered charity in United States, based in Bay Shore, 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Suburban Housing Development and Research Inc reported income of $3.1m and spending of $2.5m, spending 82% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $1.9m to $3.1m (+58%), an average of +9.6% a year. The sharpest change came in the year to July 2024, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Suburban Housing Development and Research Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Melvin J & Claire Levine Jewish Residential & Fmly SRVC of Palm Be ($3.0m), Community Capital New York Inc ($3.1m) and St Thomas Episcopal Senior Citizens Housing Devel Fund Corp ($3.0m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $76k (3.0% of expenses). Other salaries and wages came to $539k. At year end it held assets of $6.4m against liabilities of $3.2m, net assets of $3.2m. It reported 23 employees.