Evergreen Estates Housing Development Fund Company Inc

Analysis

Evergreen 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 March 2015, 11 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 July 2023, Evergreen Estates Housing Development Fund Company Inc reported income of $4.9m and spending of $4.4m, spending 89% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.7m to $4.9m (+33%), an average of +7.4% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Evergreen Estates Housing Development Fund Company Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Westfield Senior Citizens Housing Corp ($4.9m), The Gathering Place a Refuge for Rebuilding Lives ($4.9m) and Rebuilding Together Greater Florida Inc ($4.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. At year end it held assets of $8.4m against liabilities of $12.1m, net assets of -$3.7m.