793-97 Garden Street Housing Development Fund Corporation

Analysis

793-97 Garden Street Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 2014, 12 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, 793-97 Garden Street Housing Development Fund Corporation reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $414k to $1.0m (+152%), an average of +20% a year. The sharpest change came in the year to December 2019, when income rose by 114%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 793-97 Garden Street Housing Development Fund Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Trillium Housing Services ($1.0m), Salvation Army Mesa Residences Inc ($1.0m) and Bernal Gateway Housing Corporation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $34k. At year end it held assets of $1.6m against liabilities of $864k, net assets of $700k.