445v Vip Housing Development Fund Corporation

Analysis

445v Vip Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 1996, 30 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, 445v Vip Housing Development Fund Corporation reported income of $931k and spending of $1.0m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $904k to $931k (+3.0%), an average of +0.7% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 445v Vip Housing Development Fund Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Thea Bowman F S P a Housing Development Fund Company Inc ($930k), Boothbay Region Housing Trust ($931k) and Homestead Development Corp ($930k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $3.0m against liabilities of $2.8m, net assets of $295k.