United Odd Fellows Housing Development Fund Company

Analysis

United Odd Fellows Housing Development Fund Company is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1994, 32 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, United Odd Fellows Housing Development Fund Company reported income of $1.2m and spending of $1.5m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+6.9%), an average of +1.7% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, United Odd Fellows Housing Development Fund Company 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 Vincentian Housing Corporation Inc ($1.2m), Chelan Valley Housing Trust ($1.2m) and Rosslyn Ridge Development Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $31k (2.0% of expenses). Other salaries and wages came to $251k. At year end it held assets of $12.8m against liabilities of $17.4m, net assets of -$4.6m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.