Nosotros Housing Development Fund Corporation

Analysis

Nosotros Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1994, 32 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, Nosotros Housing Development Fund Corporation reported income of $2.0m and spending of $2.3m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $2.0m (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. 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, Nosotros Housing Development Fund Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Jones Senior Homes Inc ($2.0m), Northeastern Conference House Housing Development Fund Co Inc ($2.0m) and Northwest Louisiana Community Development Corporation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $367k. At year end it held assets of $2.7m against liabilities of $1.1m, net assets of $1.5m. It reported 5 employees.

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.