Haven Plaza Housing Development Fund Company Inc

Analysis

Haven Plaza Housing Development Fund Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2008, 18 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 March 2024, Haven Plaza Housing Development Fund Company Inc reported income of $1.1m and spending of $46k, leaving 96% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $1.5m to $1.1m (-30%), an average of -8.7% a year. The sharpest change came in the year to March 2022, when income dropped by 33%. Over the whole period it spent 3.9% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven Plaza Housing Development Fund Company Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Southwestern Montana Family YMCA Inc ($1.1m), Vera French Housing Corporation ($1.1m) and Faith Haven Incorporated ($1.1m).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $19.6m against liabilities of $2.5m, net assets of $17.1m.