Casa Esperanza Housing Development Fund Inc

Analysis

Casa Esperanza Housing Development Fund Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 2004, 22 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, Casa Esperanza Housing Development Fund Inc reported income of $256k and spending of $256k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $271k to $256k (-5.5%), an average of -1.4% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Casa Esperanza Housing Development Fund Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include SNHS Elderly Housing XI Inc ($256k), Helena Elderhousing Inc ($256k) and Civitan Homes Inc ($256k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $1.7m, net assets of -$134k.

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.