Greater Harlem Housing Development Corporation

Analysis

Greater Harlem Housing Development Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2011, 15 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 2022, Greater Harlem Housing Development Corporation reported income of $1.9m and spending of $1.3m, leaving 33% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.1m to $1.9m (-6.8%), an average of -2.3% a year. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater Harlem Housing Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Packer Apartments Corporation ($1.9m), Decatur Place ($1.9m) and Roselle Senior Citizens Housing Corporation ($1.9m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 99% of the total. At year end it held assets of $5.4m against liabilities of $11.2m, net assets of -$5.8m.