BSDC Neighborhood Homes Housing Development Fund Corporation

Analysis

BSDC Neighborhood Homes Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1999, 27 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, BSDC Neighborhood Homes Housing Development Fund Corporation reported income of $257k and spending of $595k, spending 232% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $257k (+108%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 889%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, BSDC Neighborhood Homes Housing Development Fund Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Coa Senior Housing Inc ($257k), Northwest Senior Housing Corporation ($257k) and Arp Manor-Kings Mountain Inc ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 17% of the total. At year end it held assets of $1.5m against liabilities of $354k, net assets of $1.1m.