New Rochelle-Winthrop Housing Development Fund Corporation

Analysis

New Rochelle-Winthrop Housing Development Fund Corporation is a registered charity in United States, based in Elmsford, NY. It received its IRS tax-exemption ruling in December 1997, 29 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 July 2022, New Rochelle-Winthrop Housing Development Fund Corporation reported income of $84k and spending of $36k, leaving 57% of income unspent that year. Across the 4 years on record, from July 2019 to July 2022, income grew from $49k to $84k (+70%), an average of +20% a year. The sharpest change came in the year to July 2020, when income rose by 108%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Rochelle-Winthrop Housing Development Fund Corporation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Good Shepherd Assisted Living Facility ($84k), Faith Works Coalition Inc ($84k) and LA Casa Junny ($84k).

At year end it held assets of $846k against liabilities of $3,561, net assets of $842k.