1360 Nelson Avenue HDFC

Analysis

1360 Nelson Avenue HDFC is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 2000, 26 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, 1360 Nelson Avenue HDFC reported income of $426k and spending of $331k, leaving 22% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $358k to $426k (+19%), an average of +3.5% a year. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1360 Nelson Avenue HDFC sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include The Cavanagh House ($425k), Hegemon Crest Senior Housing Inc ($426k) and 419 Walnut Inc ($425k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $2.2m against liabilities of $109k, net assets of $2.1m.