Gema Hall Housing Developement Fund Corp

Analysis

Gema Hall Housing Developement Fund Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1990, 36 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 December 2023, Gema Hall Housing Developement Fund Corp reported income of $728k and spending of $747k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $844k to $728k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gema Hall Housing Developement Fund Corp sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Life Directions ($728k), Sutter Community Affordable Housing ($729k) and 1385 Nelson Avenue HDFC ($728k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $117k. At year end it held assets of $5.7m against liabilities of $3.0m, net assets of $2.7m. It reported 3 employees.