East Side Affordable Housing Development Fund Corporation

Analysis

East Side Affordable Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2002, 24 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 December 2023, East Side Affordable Housing Development Fund Corporation reported income of $150k and spending of $364k, spending 243% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $151k to $150k (-0.9%), an average of -0.2% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 187% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Side Affordable Housing Development Fund Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include J B Goldberg Bnai Brith Senior Citizens Tower Inc ($150k), Commonwealth Agency Inc ($150k) and Woods of Crooked Creek Apartments Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $3.1m against liabilities of $43k, net assets of $3.1m.

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.