Corner House Housing Development Fund Corporation

Analysis

Corner House Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2013, 13 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, Corner House Housing Development Fund Corporation reported income of $537k and spending of $776k, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $555k to $537k (-3.4%), an average of -0.8% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Corner House Housing Development Fund Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Haven Peniel Development Corporation ($537k), Habitat for Humanity International Inc ($537k) and Assisi Homes of Gurnee Inc ($536k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 68% of the total. Other salaries and wages came to $235k. At year end it held assets of $1.8m against liabilities of $4.3m, net assets of -$2.5m. It reported 12 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.