2216 Adams Place HDFC

Analysis

2216 Adams Place HDFC is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 2001, 25 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, 2216 Adams Place HDFC reported income of $314k and spending of $363k, spending 116% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $271k to $314k (+16%), an average of +3.0% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 2216 Adams Place HDFC sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Redding RHF Housing Inc ($314k), Booth Manor Two Inc ($314k) and Avenue Plaza Affordable Housing Inc ($314k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $602k against liabilities of $47k, net assets of $555k.