Herbert L Brooks Housing Development Fund Company Inc

Analysis

Herbert L Brooks Housing Development Fund Company Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 1997, 29 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, Herbert L Brooks Housing Development Fund Company Inc reported income of $2.0m and spending of $1.5m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $611k to $2.0m (+220%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Herbert L Brooks Housing Development Fund Company Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Church Street Corporation ($2.0m), Kealahou West Oahu ($2.0m) and Genesis Residential ($2.0m).

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 $98k. At year end it held assets of $4.7m against liabilities of $8.0m, net assets of -$3.4m. It reported 2 employees.