Walton Avenue Senior Housing Development Fund Company Inc

Analysis

Walton Avenue Senior Housing Development Fund Company Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 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 June 2023, Walton Avenue Senior Housing Development Fund Company Inc reported income of $1.3m and spending of $1.6m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.3m (-5.1%), an average of -1.3% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Walton Avenue Senior Housing Development Fund Company Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Housing Ventures Inc ($1.3m), RHF Charitable Foundation ($1.3m) and Homestead Affordable Housing Inc ($1.3m).

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 $267k. At year end it held assets of $5.3m against liabilities of $8.0m, net assets of -$2.7m. It reported 80 employees.