Nysd Rombouts Housing Development Fund Company Inc

Analysis

Nysd Rombouts Housing Development Fund Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nysd Rombouts Housing Development Fund Company Inc reported income of $702k and spending of $798k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $534k to $702k (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nysd Rombouts Housing Development Fund Company Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Overlook Senior Citizens Housing of Knox County Inc ($702k), National Alliance for Safe Housing Inc ($702k) and Harbor Hope Center ($702k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $75k. At year end it held assets of $2.6m against liabilities of $4.0m, net assets of -$1.4m.

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.