M B D Community Housing Corporation

Analysis

M B D Community Housing Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1980, 46 years ago. 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, M B D Community Housing Corporation reported income of $5.1m and spending of $2.4m, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $5.1m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 306%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, M B D Community Housing Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Urban League of Greater Madison Inc ($5.1m), The Patriot League ($5.1m) and Rosemount Center ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $459k (19% of expenses). Other salaries and wages came to $625k. At year end it held assets of $28.1m against liabilities of $1.1m, net assets of $27.0m. It reported 14 employees.