Bhap Housing Development Fund Co

Analysis

Bhap Housing Development Fund Co is a registered charity in United States, based in Queens VLG, NY. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bhap Housing Development Fund Co reported income of $1.8m and spending of $1.8m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $1.8m (+8.1%), an average of +2.0% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bhap Housing Development Fund Co sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Texas Retired Teachers Residence Corporation ($1.8m), Brownstone Gardens Inc ($1.8m) and Solon Community Living Inc ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $190k. At year end it held assets of $3.5m against liabilities of $10.3m, net assets of -$6.8m. It reported 3 employees.