Lower East Side Coalition Housing Development Inc

Analysis

Lower East Side Coalition Housing Development Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1979, 47 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 December 2023, Lower East Side Coalition Housing Development Inc reported income of $255k and spending of $265k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $301k to $255k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lower East Side Coalition Housing Development Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Mental Health Care Affordable Housing IV Inc ($255k), Garden Terrace Commons Senior Housing ($255k) and Bradley Homes for the Elderly 3 Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $58k (22% of expenses). Other salaries and wages came to $47k. At year end it held assets of $1.6m against liabilities of $57k, net assets of $1.6m. It reported 2 employees.