Brighton Beach Housing Development Fund Company Inc

Analysis

Brighton Beach Housing Development Fund Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 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 suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Brighton Beach Housing Development Fund Company Inc reported income of $3.8m and spending of $4.0m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.8m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 145% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brighton Beach Housing Development Fund Company Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Northeast Brooklyn Housing Development Corporation ($3.8m), Grandmas House of Hope ($3.8m) and Queens Bnai Brith Housing Developement Fund Co Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $290k. At year end it held assets of $21.9m against liabilities of $31.0m, net assets of -$9.1m. It reported 7 employees.