Tremont Apartments Housing Development Fund Corporation

Analysis

Tremont Apartments Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1997, 29 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, Tremont Apartments Housing Development Fund Corporation reported income of $83k and spending of $2,800, leaving 97% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $83k (-96%), an average of -56% a year. The sharpest change came in the year to June 2020, when income dropped by 97%. Over the whole period it spent 27% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tremont Apartments Housing Development Fund Corporation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Auburn Housing Authority Inc ($83k), Eah Community Housing Inc ($83k) and Kahookamamalu Inc ($82k).

At year end it held assets of $3.0m against liabilities of $11k, net assets of $3.0m.