1712 & 1715 Housing Development Fund Co Inc

Analysis

1712 & 1715 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 November 2019, 7 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 May 2023, 1712 & 1715 Housing Development Fund Co Inc reported income of $1.9m and spending of $1.8m, spending 93% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $2.1m to $1.9m (-9.5%), an average of -2.5% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1712 & 1715 Housing Development Fund Co Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Ecumenical Retirement Center Inc ($1.9m), Habitat for Humanity International Inc ($1.9m) and Promise Inc ($1.9m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.6m against liabilities of $5.5m, net assets of -$868k.