1329 College Avenue HDFC Inc

Analysis

1329 College Avenue HDFC Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 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, 1329 College Avenue HDFC Inc reported income of $592k and spending of $648k, spending 109% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $486k to $592k (+22%), an average of +4.0% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1329 College Avenue HDFC Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Shawme Heights II Inc ($592k), Rocky Mountain Manor Inc ($592k) and Disciples Housing Inc ($592k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $1.8m against liabilities of $133k, net assets of $1.6m.

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.