Ryes Manor Senior Citizens Apartmen Housing Development Fund Corp

Analysis

Ryes Manor Senior Citizens Apartmen Housing Development Fund Corp is a registered charity in United States, based in Rye Brook, NY. It received its IRS tax-exemption ruling in June 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 October 2023, Ryes Manor Senior Citizens Apartmen Housing Development Fund Corp reported income of $315k and spending of $0, leaving 100% of income unspent that year. Across the 3 years on record, from October 2021 to October 2023, income grew from $294k to $315k (+6.9%), an average of +3.4% a year. Over the whole period it spent 0.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ryes Manor Senior Citizens Apartmen Housing Development Fund Corp sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Memphis Chamber Foundation ($315k), RVM Ft Worth II Housing Corporation ($315k) and Serenade Heights Inc ($315k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $9.7m against liabilities of $0, net assets of $9.7m.