Housing Works East New York Housing Development Fund Company Inc

Analysis

Housing Works East New York Housing Development Fund Company Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Housing Works East New York Housing Development Fund Company Inc reported income of $417k and spending of $303k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $307k to $417k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2020, when income rose by 15%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Works East New York Housing Development Fund Company Inc 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 Windham House Inc ($417k), RVM Ashland Housing Corporation ($417k) and Plaza Esperanza Inc ($417k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.7m against liabilities of $938k, net assets of $1.8m.