Plaza de Los Ancianos de Wilson Housing Development Fund Co Inc

Analysis

Plaza de Los Ancianos de Wilson Housing Development Fund Co Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1995, 31 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, Plaza de Los Ancianos de Wilson Housing Development Fund Co Inc reported income of $1.3m and spending of $1.7m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+15%), an average of +3.6% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Plaza de Los Ancianos de Wilson 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 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.3m), Bet Shalom I Inc ($1.3m) and Abiding Peace Senior Housing Corp ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $2.8m against liabilities of $9.9m, net assets of -$7.1m.

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.