East Harlem Pilot Block Housing Development Fund Co Inc

Analysis

East Harlem Pilot Block Housing Development Fund Co Inc is a registered charity in United States, based in Suffern, NY. It received its IRS tax-exemption ruling in August 1972, 54 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 February 2023, East Harlem Pilot Block Housing Development Fund Co Inc reported income of $34.5m and spending of $26.2m, leaving 24% of income unspent that year. Across the 5 years on record, from February 2019 to February 2023, income grew from $26.4m to $34.5m (+30%), an average of +6.8% a year. The sharpest change came in the year to February 2022, when income rose by 19%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Harlem Pilot Block Housing Development Fund Co Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Womens Housing and Economic Development Corporation ($34.3m), Ahc Inc ($34.7m) and Praxis Housing Initiatives Inc ($34.1m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 1.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $153k (0.6% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $84.8m against liabilities of $142.4m, net assets of -$57.6m. It reported 45 employees.