Victor Sanchez Jr HDFC

Analysis

Victor Sanchez Jr HDFC is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2006, 20 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, Victor Sanchez Jr HDFC reported income of $483k and spending of $658k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $480k to $483k (+0.7%), an average of +0.2% a year. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Victor Sanchez Jr HDFC sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Chestnut Neighborhood Revitalization Corporation ($483k), The Salvation Army El Sobrante Residences Inc ($483k) and Rome Rescue Mission ($483k).

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 $65k. At year end it held assets of $1.7m against liabilities of $3.9m, net assets of -$2.2m. It reported 2 employees.

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.