Highland Park Community Development Corporation

Analysis

Highland Park Community Development Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2003, 23 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 2024, Highland Park Community Development Corporation reported income of $61.9m and spending of $61.9m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.5m to $61.9m (+627%), an average of +64% a year. The sharpest change came in the year to June 2023, when income rose by 108%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Highland Park Community Development Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Plymouth Housing Group ($60.4m), RHF Foundation ($62.4m) and CHN Housing Partners ($57.5m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.8m (2.8% of expenses). Other salaries and wages came to $14.7m. At year end it held assets of $22.0m against liabilities of $21.9m, net assets of $35k. It reported 333 employees.