Second Farms Neighborhood Housing Development Fund Inc

Analysis

Second Farms Neighborhood Housing Development Fund Inc is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Second Farms Neighborhood Housing Development Fund Inc reported income of $1.2m and spending of $191k, leaving 83% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $659k to $1.2m (+76%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 19% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Second Farms Neighborhood Housing Development Fund Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Portland Affordable Housing Preservation Trust ($1.2m), Will County Housing Developmentcorporation NFP ($1.2m) and United Pejepscot Housing Inc Pejepscot Terrace ($1.2m).

At year end it held assets of $35.5m against liabilities of $2.6m, net assets of $32.8m.