Minford Associates Housing Development Fund Corporation

Analysis

Minford Associates Housing Development Fund Corporation is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in July 2007, 19 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, Minford Associates Housing Development Fund Corporation reported income of $228k and spending of $179k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $322k to $228k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Minford Associates Housing Development Fund Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include McKinley IV Inc ($228k), Kaplan Housing Corporation ($228k) and Harriets Housing ($228k).

At year end it held assets of $93k against liabilities of $676k, net assets of -$583k.