MVP Housing Development Fund Company Inc

Analysis

MVP Housing Development Fund Company Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in October 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, MVP Housing Development Fund Company Inc reported income of $989k and spending of $1.3m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $937k to $989k (+5.5%), an average of +1.3% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, MVP Housing Development Fund Company Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Resiliency Village ($988k), Villa St Maurice Inc ($989k) and Rutherford Senior Housing Copr ($988k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Other salaries and wages came to $248k. At year end it held assets of $3.8m against liabilities of $6.7m, net assets of -$2.9m. It reported 3 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.