1385 Nelson Avenue HDFC

Analysis

1385 Nelson Avenue HDFC is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 1999, 27 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, 1385 Nelson Avenue HDFC reported income of $728k and spending of $679k, spending 93% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $637k to $728k (+14%), an average of +2.7% a year. 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, 1385 Nelson Avenue HDFC sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Affordable Housing of North Texas Inc ($728k), Life Directions ($728k) and Corcoran Neighborhood Organization ($728k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $2.8m against liabilities of $138k, net assets of $2.6m.