New Rochelle Community Housing Development Corp

Analysis

New Rochelle Community Housing Development Corp is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in December 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 December 2023, New Rochelle Community Housing Development Corp reported income of $275k and spending of $1.1m, spending 404% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $276k to $275k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 573% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Rochelle Community Housing Development Corp sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Big Daisy Corp ($275k), Vancouver Affordable Housing Nonprofit ($276k) and Lake Cumberland Housing Development Company ($275k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $441k, net assets of $1.1m.