Elijah Smith Senior Citizen Housing Development Fund Co

Analysis

Elijah Smith Senior Citizen Housing Development Fund Co is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1998, 28 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 September 2023, Elijah Smith Senior Citizen Housing Development Fund Co reported income of $1.3m and spending of $1.5m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.3m (+12%), an average of +2.9% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elijah Smith Senior Citizen Housing Development Fund Co 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 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Two Hundred Seventy-Two to Two Hundred Eighty Linwood Avenue Inc ($1.3m), 1854 Cedar Avenue Housing Development Fund Corporation ($1.3m) and Old Man Rivers ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $216k. At year end it held assets of $2.3m against liabilities of $9.0m, net assets of -$6.7m. It reported 2 employees.

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.