Long Island Partnership Housing Development Fund Co Inc

Analysis

Long Island Partnership Housing Development Fund Co Inc is a registered charity in United States, based in Hauppauge, NY. It received its IRS tax-exemption ruling in June 1993, 33 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, Long Island Partnership Housing Development Fund Co Inc reported income of $1.2m and spending of $1.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 1774%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Long Island Partnership Housing Development Fund Co Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Riverside Park Methodist Apartments Inc ($1.2m), Markham Gardens Manor Housing Development Fund Company Inc ($1.2m) and Charlestown Economic Development Corp ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. At year end it held assets of $2.8m against liabilities of $82k, net assets of $2.7m.