Number One Single Room Occupancy Housing Development Fund Corporati

Analysis

Number One Single Room Occupancy Housing Development Fund Corporati is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1997, 29 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 June 2023, Number One Single Room Occupancy Housing Development Fund Corporati reported income of $174k and spending of $403k, spending 232% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $152k to $174k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 198% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Number One Single Room Occupancy Housing Development Fund Corporati sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Opportunity Apartments Inc ($174k), Metro Affordable Housing Corp ($174k) and Shelby County Community Outreach Inc ($174k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $234k. At year end it held assets of $51k against liabilities of $1.2m, net assets of -$1.2m.

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.