Columba Hall Housing Development Fund Corp

Analysis

Columba Hall Housing Development Fund Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1988, 38 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 December 2023, Columba Hall Housing Development Fund Corp reported income of $887k and spending of $858k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $954k to $887k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Columba Hall Housing Development Fund Corp sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Athens Area Homeless Shelter Inc ($887k), Ahepa 302 Inc ($887k) and Sepp Devolopment Fund Corp ($886k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $194k. At year end it held assets of $3.0m against liabilities of $3.2m, net assets of -$212k. It reported 7 employees.