Armi Washington Heights Housing Corporation

Analysis

Armi Washington Heights Housing Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1993, 33 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, Armi Washington Heights Housing Corporation reported income of $249k and spending of $303k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $144k to $249k (+73%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 252%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Armi Washington Heights Housing Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include McGee Plaza Housing Development Fund Corporation ($248k), Macarthur Manor Senior Residences Inc ($249k) and Hobson City Apartments LLC ($248k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.8m against liabilities of $3.3m, net assets of $512k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.