Fordham Bedford Housing Corp

Analysis

Fordham Bedford Housing Corp is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 1980, 46 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, Fordham Bedford Housing Corp reported income of $8.7m and spending of $6.8m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.2m to $8.7m (-5.4%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fordham Bedford Housing Corp sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Shenango Presbyterian Senior Care ($8.7m), Bristol Village Inc ($8.7m) and Morc Home Care Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.3m (20% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $74.3m against liabilities of $7.7m, net assets of $66.6m. It reported 60 employees.