239 East 115th Street Housing Development Fund Corporation

Analysis

239 East 115th Street Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1995, 31 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 June 2023, 239 East 115th Street Housing Development Fund Corporation reported income of $3.5m and spending of $3.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.5m (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 239 East 115th Street Housing Development Fund Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Immacare Inc ($3.5m), Nha Properties Inc ($3.5m) and Sepp Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 79% of the total. At year end it held assets of $10.8m against liabilities of $9.1m, net assets of $1.8m.