Belmont Boulevard Housing Development Fund Company Inc

Analysis

Belmont Boulevard Housing Development Fund Company Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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, Belmont Boulevard Housing Development Fund Company Inc reported income of $1.6m and spending of $1.3m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Belmont Boulevard Housing Development Fund Company Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Chicago Media Project ($1.6m), Medical Center Health System Foundation ($1.6m) and North Hudson Regional Council of Mayors ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $134k. At year end it held assets of $1.5m against liabilities of $8.3m, net assets of -$6.7m. It reported 10 employees.