Harry and Jeanette Weinberg Gardens Housing Development Fund Co Inc

Analysis

Harry and Jeanette Weinberg Gardens Housing Development Fund Co Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harry and Jeanette Weinberg Gardens Housing Development Fund Co Inc reported income of $960k and spending of $1.2m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $944k to $960k (+1.7%), an average of +0.4% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harry and Jeanette Weinberg Gardens Housing Development Fund Co Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Parkland at Shaker Pointe at Carondelet Inc ($960k), First Senior Housing Corporation ($960k) and Ecumenical Retirement Housing Inc Monona Meadows ($960k).

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 $4.9m against liabilities of $7.1m, net assets of -$2.1m.

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.