Goodheart Housing Development Fund Company Inc

Analysis

Goodheart Housing Development Fund Company Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1983, 43 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 May 2024, Goodheart Housing Development Fund Company Inc reported income of $1.8m and spending of $1.0m, leaving 41% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.6m to $1.8m (+11%), an average of +2.6% a year. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Goodheart Housing Development Fund Company Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Helping Hands Community Partners Inc ($1.7m), New Beginnings of Tampa Inc ($1.8m) and Focus on Home Inc ($1.7m).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $107k. At year end it held assets of $2.7m against liabilities of $1.0m, net assets of $1.7m. It reported 3 employees.