Venture Care Housing Development Fund Co Inc

Analysis

Venture Care Housing Development Fund Co Inc is a registered charity in United States, based in Nanuet, NY. It received its IRS tax-exemption ruling in September 1996, 30 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 2023, Venture Care Housing Development Fund Co Inc reported income of $255k and spending of $312k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $255k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Venture Care Housing Development Fund Co Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Providence Place Housing Corporation ($255k), Aya Seniors Development Incorporated ($255k) and Sli Warren House Inc ($255k).

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 $47k. At year end it held assets of $1.3m against liabilities of $527k, net assets of $822k.

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.