Filomena Gardens Housing Development Fund Company Inc

Analysis

Filomena Gardens Housing Development Fund Company Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Filomena Gardens Housing Development Fund Company Inc reported income of $811k and spending of $1.2m, spending 145% of what it took in. Over the whole period it spent 250% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Filomena Gardens Housing Development Fund Company Inc 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 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Jerome Little Tigers Preschool & Daycare ($810k), Cay Galgon Life House ($811k) and Tapestries of Life Ministries ($810k).

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 $43k. At year end it held assets of $4.2m against liabilities of $8.6m, net assets of -$4.4m. It reported 3 employees.

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.