Harlem Restoration Housing Development Fund Corporation

Analysis

Harlem Restoration 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 1995, 31 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, Harlem Restoration Housing Development Fund Corporation reported income of $510k and spending of $535k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $522k to $510k (-2.2%), an average of -0.6% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harlem Restoration Housing Development Fund Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Ahepa 501-11 Inc ($510k), East Hillsborough Housing Development Incorporated ($510k) and Ahepa 39 Inc ($510k).

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 $68k. At year end it held assets of $191k against liabilities of $0, net assets of $191k. It reported 2 employees.