First Baptist Housing Development Fund Company Inc

Analysis

First Baptist Housing Development Fund Company Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in June 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 December 2023, First Baptist Housing Development Fund Company Inc reported income of $97k and spending of $107k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $97k (+1.4%), an average of +1.4% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Baptist Housing Development Fund Company Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Southwest Florida Gwi Housing IV Inc ($97k), Habitat for Humanity International ($97k) and Independent Living Horizons Fifteen Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. At year end it held assets of $341k against liabilities of $137k, net assets of $204k.