Livonia Housing Development Fund Co Inc

Analysis

Livonia Housing Development Fund Co Inc is a registered charity in United States, based in Queens VLG, NY. It received its IRS tax-exemption ruling in June 2010, 16 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 August 2022, Livonia Housing Development Fund Co Inc reported income of $229k and spending of $0, leaving 100% of income unspent that year. Across the 4 years on record, from August 2019 to August 2022, income grew from $225k to $229k (+1.8%), an average of +0.6% a year. Over the whole period it spent 0.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Livonia Housing Development Fund Co Inc 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 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Academy Garden Apartments Inc ($229k), Worcester East Side Community Development Corporation ($229k) and Kohala Union Housing Corporation ($229k).

At year end it held assets of $8.2m against liabilities of $3,675, net assets of $8.2m.