Arlington Apartments Housing Development Fund Corporation

Analysis

Arlington Apartments Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1994, 32 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, Arlington Apartments Housing Development Fund Corporation reported income of $231k and spending of $473k, spending 205% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $303k to $231k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 159% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arlington Apartments Housing Development Fund Corporation sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Vision Hope Community Development Corporation Inc ($231k), Bethany Homes Inc ($231k) and Network for Developing Conscious Communities ($230k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $837k against liabilities of $1.8m, net assets of -$939k.

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.