Dendur Genesis II Housing Development Fund Corporation

Analysis

Dendur Genesis II Housing Development Fund Corporation is a registered charity in United States, based in New York, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dendur Genesis II Housing Development Fund Corporation reported income of $220k and spending of $409k, spending 186% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $227k to $220k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 158% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dendur Genesis II Housing Development Fund Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Mater Filius Queen City Inc ($220k), Van Wert Housing Services Inc ($220k) and Three West Housing Development Fund Company Inc ($220k).

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 $33k. At year end it held assets of $504k against liabilities of $2.0m, net assets of -$1.5m.

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.