Borough Park Housing Development Fund Company Inc

Analysis

Borough Park Housing Development Fund Company Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 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 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 June 2023, Borough Park Housing Development Fund Company Inc reported income of $103k and spending of $16k, leaving 84% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $79k to $103k (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 15% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Borough Park Housing Development Fund Company Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Lexington Senior Center Inc ($103k), Munhall Road Apartments Inc ($103k) and Cookson Hills Hulbert Properties Inc ($103k).

At year end it held assets of $2.2m against liabilities of $12k, net assets of $2.1m.