Eugene Smilovic Housing Development Fund Corporation

Analysis

Eugene Smilovic Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Eugene Smilovic Housing Development Fund Corporation reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $928k to $1.3m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eugene Smilovic Housing Development Fund Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Casa Victoria Housing Development Fund Company Inc ($1.3m), New Creation Inc ($1.3m) and Family Promise of Essex County Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $320k. At year end it held assets of $4.1m against liabilities of $7.5m, net assets of -$3.4m. It reported 91 employees.