1055 College Avenue Housing Development Fund Corp

Analysis

1055 College Avenue Housing Development Fund Corp is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 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, 1055 College Avenue Housing Development Fund Corp reported income of $327k and spending of $319k, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $301k to $327k (+8.5%), an average of +1.6% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1055 College Avenue Housing Development Fund Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Red Bridge Place Housing Corporation ($327k), Komohale Services ($327k) and New Oaks Affordable Housing LLC ($327k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $899k against liabilities of $67k, net assets of $832k.