Longfellow Avenue Housing Development Fund Co Inc

Analysis

Longfellow Avenue 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 March 2017, 9 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 September 2023, Longfellow Avenue Housing Development Fund Co Inc reported income of $2.7m and spending of $2.1m, leaving 22% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $2.5m to $2.7m (+11%), an average of +3.4% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Longfellow Avenue Housing Development Fund Co Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Skagit Valley Hospitality House Association ($2.7m), Oakland Community Land Trust ($2.7m) and Shelter of Flint Inc ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $6.0m against liabilities of $8.3m, net assets of -$2.3m.