New Fordham Housing Development Fund Corp

Analysis

New Fordham Housing Development Fund Corp is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, New Fordham Housing Development Fund Corp reported income of $1.7m and spending of $2.0m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+3.1%), an average of +0.8% a year. Over the whole period it spent 116% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, New Fordham Housing Development Fund Corp sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Oregon State Sheriffs Association ($1.7m), American Civil Liberties Union Foundation of New Hampshire ($1.7m) and Mediation Center of the Coastal Empire Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.0m against liabilities of $726k, net assets of $2.3m.

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.