Nysd Housing Development Fund Company Inc

Analysis

Nysd Housing Development Fund Company Inc 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 human services, which this site groups under poverty relief. 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, Nysd Housing Development Fund Company Inc reported income of $1.3m and spending of $916k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $548k to $1.3m (+130%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 164%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nysd 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 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Life Changes Inc ($1.3m), Friends of Rockland Inc ($1.3m) and YWCA Corpus Christi ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $112k. At year end it held assets of $3.9m against liabilities of $4.3m, net assets of -$390k.