Rockland Home for the Aged Housing Development Fund Company Inc

Analysis

Rockland Home for the Aged Housing Development Fund Company Inc is a registered charity in United States, based in Suffern, NY. It received its IRS tax-exemption ruling in June 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 June 2024, Rockland Home for the Aged Housing Development Fund Company Inc reported income of $1.7m and spending of $1.5m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $1.7m (+10%), an average of +2.5% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rockland Home for the Aged Housing Development Fund Company Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Sojourner House Moms ($1.7m), Lutheran Housing Development Fund Corporation ($1.7m) and Good News Partners ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $428k. At year end it held assets of $5.8m against liabilities of $6.3m, net assets of -$478k. It reported 6 employees.