Housing Partnership Development Corporation

Analysis

Housing Partnership Development Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1984, 42 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, Housing Partnership Development Corporation reported income of $6.0m and spending of $6.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $6.0m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Partnership Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include York Union Rescue Mission Inc ($6.0m), Revitz House Corporation ($6.0m) and Twin Cities Housing Development Corporation ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.4m (23% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $10.5m against liabilities of $3.7m, net assets of $6.8m. It reported 33 employees.