Alberta Woods Housing Development Fund Corporation

Analysis

Alberta Woods Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1996, 30 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 December 2023, Alberta Woods Housing Development Fund Corporation reported income of $407k and spending of $394k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $282k to $407k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alberta Woods Housing Development Fund Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Pembroke Housing for the Elderlyinc ($407k), Ohio Multi-County Development Corporation ($407k) and RVM Medford III Housing Corporation ($407k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $563k against liabilities of $1.6m, net assets of -$1.1m.