Geel Community Union Avenue Housing Development Fund Corporation

Analysis

Geel Community Union Avenue Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1992, 34 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, Geel Community Union Avenue Housing Development Fund Corporation reported income of $1.5m and spending of $1.2m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $664k to $1.5m (+124%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Geel Community Union Avenue Housing Development Fund Corporation 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 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Southeastern Housing Preservation Inc ($1.5m), Dock Village Inc ($1.5m) and Jubilee Baltimore Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $379k. At year end it held assets of $1.1m against liabilities of $2.3m, net assets of -$1.3m. It reported 3 employees.