White Plains Housing Development Fund Company Inc

Analysis

White Plains Housing Development Fund Company Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in August 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 August 2023, White Plains Housing Development Fund Company Inc reported income of $117k and spending of $85k, leaving 27% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $86k to $117k (+36%), an average of +7.9% a year. The sharpest change came in the year to August 2023, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, White Plains Housing Development Fund Company Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Howland Housing Corporation ($117k), Post College Connections Inc ($117k) and Warm Hearts of Douglas County Inc ($117k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $21k against liabilities of $20k, net assets of $880.