Mapes Boulevard H D F C Corp

Analysis

Mapes Boulevard H D F C Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1992, 34 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, Mapes Boulevard H D F C Corp reported income of $1.1m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.1m (+7.9%), an average of +1.9% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mapes Boulevard H D F C Corp sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Carneys Point Inc ($1.1m), Mount Carmel Housing Inc ($1.2m) and Presbyterian Village at North Church Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $166k. At year end it held assets of $2.2m against liabilities of $7.9m, net assets of -$5.7m. It reported 4 employees.