Kenmore Housing Development Fund Corporation

Analysis

Kenmore Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1996, 30 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 December 2023, Kenmore Housing Development Fund Corporation reported income of $1.5m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+18%), an average of +4.3% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kenmore Housing Development Fund Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Wartburg Housing Development Fund Corporation ($1.5m), Bernardine Apartments Inc ($1.5m) and Preservation Housing Trust ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $912k against liabilities of $852k, net assets of $60k. It reported 35 employees.