Rosale Housing Development Fund Corporation

Analysis

Rosale Housing Development Fund Corporation is a registered charity in United States, based in Queens VLG, NY. It received its IRS tax-exemption ruling in January 1997, 29 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, Rosale Housing Development Fund Corporation reported income of $477k and spending of $694k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $477k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rosale Housing Development Fund Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Village at the Bluffs Inc ($477k), Egida Ryder Inc ($477k) and Safe Housing and Economic Development Inc ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Other salaries and wages came to $49k. At year end it held assets of $1.7m against liabilities of $414k, net assets of $1.3m. 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.