Erma Cava Housing Development Fund Company Inc

Analysis

Erma Cava Housing Development Fund Company Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 1981, 45 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 December 2023, Erma Cava Housing Development Fund Company Inc reported income of $714k and spending of $667k, spending 93% of its income. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Erma Cava Housing Development Fund Company Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Bernalillo County Affordable Housing Non-Profit ($714k), Immaculate Conception Senior Residence Inc ($715k) and Venable Apartments I Inc ($714k).

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 $39k. At year end it held assets of $740k against liabilities of $2.1m, net assets of -$1.4m. It reported 2 employees.