Webster Terrace Housing Development Fund Company Inc

Analysis

Webster Terrace Housing Development Fund Company Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1983, 43 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 June 2023, Webster Terrace Housing Development Fund Company Inc reported income of $226k and spending of $1.6m, spending 717% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $214k to $226k (+6.0%), an average of +1.5% a year. Over the whole period it spent 200% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Webster Terrace Housing Development Fund Company Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Metronomy Inc ($226k), Senior Living Alternatives Inc ($226k) and Hamilton Gardens Inc ($226k).

At year end it held assets of $5.4m against liabilities of $100k, net assets of $5.3m.