South Bronx Housing Development Fund Co Inc

Analysis

South Bronx Housing Development Fund Co Inc is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Bronx Housing Development Fund Co Inc reported income of $1.5m and spending of $19k, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+16%), an average of +3.9% a year. Over the whole period it spent 12% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Bronx Housing Development Fund Co 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 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.5m), Sherman Way Senior Citizen Housing Corporation ($1.5m) and Housing on Merit ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 111% of the total. At year end it held assets of $21.9m against liabilities of $29k, net assets of $21.9m.