1378 College Avenue Housing Development Fund Corporation

Analysis

1378 College Avenue Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 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, 1378 College Avenue Housing Development Fund Corporation reported income of $400k and spending of $423k, spending 106% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $350k to $400k (+14%), an average of +2.7% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1378 College Avenue Housing Development Fund Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Cecilian Housing Corporation ($400k), Providence Housing Corporation ($400k) and US Vets-Arizona ($400k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $998k against liabilities of $130k, net assets of $869k.

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.