Yorkville Gardens Housing Development Fund Co Inc

Analysis

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

In the financial year ending June 2023, Yorkville Gardens Housing Development Fund Co Inc reported income of $4.2m and spending of $3.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.2m (+55%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Yorkville Gardens Housing Development Fund Co 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 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Cambridge Manor Tenant Council ($4.2m), Habitat for Humanity International Inc ($4.2m) and Stovall Development Corporation ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.0% of the total. Other salaries and wages came to $417k. At year end it held assets of $41.7m against liabilities of $38.7m, net assets of $3.1m. It reported 12 employees.