Crotona Estates Housing Development Fund Company Inc

Analysis

Crotona Estates 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 August 2014, 12 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 April 2023, Crotona Estates Housing Development Fund Company Inc reported income of $3.0m and spending of $2.8m, spending 93% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $2.7m to $3.0m (+15%), an average of +3.5% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crotona Estates Housing Development Fund Company Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include North Pacific Homes Inc ($3.0m), Housing Land Trust of Sonoma County ($3.0m) and Arc of Delaware Inc Affiliates of the Arc of Delaware ($3.0m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.6m against liabilities of $9.9m, net assets of -$4.3m.