Bellerose Senior Housing Development Fund Co Inc

Analysis

Bellerose Senior Housing Development Fund Co Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Bellerose Senior Housing Development Fund Co Inc reported income of $876k and spending of $992k, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $798k to $876k (+9.7%), an average of +3.1% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bellerose Senior Housing Development Fund Co Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Community Services Clearing House Inc ($876k), Rebuilding Together of Richmond ($876k) and Meals on Wheels Orange County NC ($876k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.4m against liabilities of $4.5m, net assets of -$2.1m.

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.