Ryer Avenue Housing Development Fund Corp

Analysis

Ryer Avenue Housing Development Fund Corp is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 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 June 2023, Ryer Avenue Housing Development Fund Corp reported income of $2.0m and spending of $2.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.0m (+2.7%), an average of +0.7% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ryer Avenue Housing Development Fund Corp 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 83rd percentile within NY. Charities of a similar size with the same main cause include Pro Viviendas II Inc ($2.0m), Riverside Presbyterian Apartments Inc ($2.0m) and Agape Resource & Assistance Center Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $81k (4.0% of expenses). Other salaries and wages came to $711k. At year end it held assets of $488k against liabilities of $575k, net assets of -$87k. It reported 28 employees.