Ahi Ezer Kings Highway Housing Development Fund Co Inc

Analysis

Ahi Ezer Kings Highway Housing Development Fund Co Inc is a registered charity in United States, based in Brooklyn, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ahi Ezer Kings Highway Housing Development Fund Co Inc reported income of $1.1m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-4.6%), an average of -1.2% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahi Ezer Kings Highway Housing Development Fund Co Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Goodwin Plaza Housing Corporation ($1.1m), Living Independence for Everyone Inc ($1.1m) and Eastern Ohio Housing Development Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Other salaries and wages came to $201k. At year end it held assets of $1.3m against liabilities of $6.5m, net assets of -$5.2m. It reported 10 employees.