138-152 W 143rd St Housing Developm Ent Fund Corporation

Analysis

138-152 W 143rd St Housing Developm Ent Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 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 June 2023, 138-152 W 143rd St Housing Developm Ent Fund Corporation reported income of $1.8m and spending of $1.5m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.8m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 138-152 W 143rd St Housing Developm Ent Fund Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Advocates of Ozaukee Inc ($1.8m), De Sales Assisted Living Development Corp ($1.8m) and Church Housing Association of Prestonburg Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $313k. At year end it held assets of $1.2m against liabilities of $1.9m, net assets of -$764k. It reported 11 employees.