Monsignor Henry J Reel II Senior Housing Development Fund Co Inc

Analysis

Monsignor Henry J Reel II Senior Housing Development Fund Co Inc is a registered charity in United States, based in Hicksville, NY. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Monsignor Henry J Reel II Senior Housing Development Fund Co Inc reported income of $517k and spending of $543k, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $403k to $517k (+28%), an average of +6.4% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Monsignor Henry J Reel II Senior Housing Development Fund Co Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Christian Village of Central Virginia Inc ($517k), Knollwood Community Housing Corporation ($517k) and Obgc III Inc ($517k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $58k. At year end it held assets of $2.6m against liabilities of $128k, net assets of $2.5m.

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.