Kiryas Joel Housing Development Fund Company Incorporated

Analysis

Kiryas Joel Housing Development Fund Company Incorporated is a registered charity in United States, based in Monroe, NY. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kiryas Joel Housing Development Fund Company Incorporated reported income of $110k and spending of $206k, spending 186% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $428k to $110k (-74%), an average of -29% a year. The sharpest change came in the year to December 2022, when income rose by 375%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kiryas Joel Housing Development Fund Company Incorporated sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Uhab Housing Development Fund Corporation ($110k), H O P E Werner Housing Inc ($110k) and Southview Housing Corporation ($110k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $100k. At year end it held assets of $1.8m against liabilities of $700k, net assets of $1.1m. It reported 6 employees.