St Marks Senior Citizens Housing Development Fund Corp

Analysis

St Marks Senior Citizens Housing Development Fund Corp is a registered charity in United States, based in Queens VLG, NY. It received its IRS tax-exemption ruling in December 1990, 36 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, St Marks Senior Citizens Housing Development Fund Corp reported income of $954k and spending of $1.2m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $798k to $954k (+20%), an average of +4.6% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Marks Senior Citizens Housing Development Fund Corp sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Community Housing Development Corporation ($954k), Pitcher Hill Housing Development Fund Co Inc ($955k) and Voice of the People in Uptown Inc ($954k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $154k. At year end it held assets of $2.7m against liabilities of $9.3m, net assets of -$6.5m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.