Northfield St Vincents Housing Development Fund Company Inc

Analysis

Northfield St Vincents Housing Development Fund Company Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in March 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, Northfield St Vincents Housing Development Fund Company Inc reported income of $1.3m and spending of $1.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $936k to $1.3m (+40%), an average of +8.8% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northfield St Vincents Housing Development Fund Company Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include We Care a Lot Foundation ($1.3m), Inclusive Housing Resources ($1.3m) and Habitat for Humanity International Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $175k. At year end it held assets of $3.3m against liabilities of $157k, net assets of $3.2m.

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.