Boston Road Housing Development Fund Co Inc

Analysis

Boston Road Housing Development Fund Co Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2020, 6 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 October 2023, Boston Road Housing Development Fund Co Inc reported income of $3.2m and spending of $3.2m, spending 99% of its income. Across the 4 years on record, from October 2020 to October 2023, income grew from $2.7m to $3.2m (+17%), an average of +5.4% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Boston Road Housing Development Fund Co Inc sits at the 87th percentile: it is larger than about 87% 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 Community Works ($3.2m), Rebuilding Together Houston ($3.2m) and CCHNC South Lake Towers Inc ($3.2m).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $8.2m against liabilities of $11.2m, net assets of -$3.0m.