West Farms Neighborhood Housing Development Fund Co Inc

Analysis

West Farms Neighborhood Housing Development Fund Co 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, West Farms Neighborhood Housing Development Fund Co Inc reported income of $828k and spending of $97k, leaving 88% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $828k (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2020, when income dropped by 35%. Over the whole period it spent 10% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, West Farms Neighborhood Housing Development Fund Co Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Senior Living Alternatives Inc ($828k), Preserving City Neighborhoods Housing Development Fund Corporati ($829k) and Family Promise of Delaware County ($828k).

At year end it held assets of $25.8m against liabilities of $2.6m, net assets of $23.2m.