Hunts Point Housing Development Fund Corporation

Analysis

Hunts Point Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 1991, 35 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, Hunts Point Housing Development Fund Corporation reported income of $5.4m and spending of $5.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $5.4m (+3.6%), an average of +0.9% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hunts Point Housing Development Fund Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Judeo-Christian Outreach Center Inc ($5.4m), Environmental Works ($5.4m) and Community Housing Services Agency Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $584k. At year end it held assets of $13.6m against liabilities of $36.4m, net assets of -$22.8m. It reported 19 employees.