Melrose Villa Hermosa Housing Development Fund Company Inc

Analysis

Melrose Villa Hermosa Housing Development Fund Company Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 1991, 35 years ago. 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, Melrose Villa Hermosa Housing Development Fund Company Inc reported income of $1.0m and spending of $1.5m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $999k to $1.0m (+3.7%), an average of +0.9% a year. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Melrose Villa Hermosa Housing Development Fund Company Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Chattanooga Ballet Inc ($1.0m), Milton J Dance Jr Endowment Inc ($1.0m) and Brattleboro Area Hospice ($1.0m).

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 $153k. At year end it held assets of $6.4m against liabilities of $372k, net assets of $6.0m. It reported 4 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.