Bathgate-Belmont Apartment Housing Development Fund Corp Inc

Analysis

Bathgate-Belmont Apartment Housing Development Fund Corp Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bathgate-Belmont Apartment Housing Development Fund Corp Inc reported income of $779k and spending of $708k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $696k to $779k (+12%), an average of +2.9% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bathgate-Belmont Apartment Housing Development Fund Corp Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Ridgefield Park Senior Citizen Housing Assoc ($779k), Americans for Independent Living ($779k) and Worcester New Horizons Inc ($779k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $3.6m against liabilities of $201k, net assets of $3.4m.