Bonifacio Cora Texidor Housing Developement Fund Corp

Analysis

Bonifacio Cora Texidor Housing Developement Fund Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bonifacio Cora Texidor Housing Developement Fund Corp reported income of $1.7m and spending of $2.1m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+7.7%), an average of +1.9% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bonifacio Cora Texidor Housing Developement Fund Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Bluestem Development Inc ($1.7m), Sarahs Place Inc ($1.7m) and Glide Community Housing Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $258k. At year end it held assets of $4.6m against liabilities of $9.6m, net assets of -$5.0m.