Wyandanch Homes and Property Development Corporation

Analysis

Wyandanch Homes and Property Development Corporation is a registered charity in United States, based in Deer Park, NY. It received its IRS tax-exemption ruling in October 1988, 38 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 December 2023, Wyandanch Homes and Property Development Corporation reported income of $741k and spending of $779k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $558k to $741k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wyandanch Homes and Property Development Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Central Jersey Housing Resource Center Corp ($740k), Maria B Freitas Senior Housing Corporation ($741k) and L C Hotchkiss Terrace ($740k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $105k (14% of expenses). Other salaries and wages came to $220k. At year end it held assets of $1.4m against liabilities of $66k, net assets of $1.3m. It reported 5 employees.