Nysd Forsyth Housing Development Fund Company Inc

Analysis

Nysd Forsyth Housing Development Fund Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1998, 28 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, Nysd Forsyth Housing Development Fund Company Inc reported income of $530k and spending of $600k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $437k to $530k (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 125%. 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, Nysd Forsyth Housing Development Fund Company Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Holy Redeemer Senior Citizens Facility ($530k), Friendship Manor Housing Development Fund Company Inc ($531k) and Metowers Inc ($530k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $23k. At year end it held assets of $3.1m against liabilities of $2.7m, net assets of $411k.