LA Casa Nuestra Housing Development Fund Corporation

Analysis

LA Casa Nuestra Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 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, LA Casa Nuestra Housing Development Fund Corporation reported income of $3.0m and spending of $3.9m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.0m (+4.6%), an average of +1.1% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LA Casa Nuestra Housing Development Fund Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include New Hope Shelter Inc ($3.0m), Habitat for Humanity International Inc ($3.0m) and USA Cares Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $408k. At year end it held assets of $15.0m against liabilities of $23.7m, net assets of -$8.7m. It reported 15 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.