1106 Morris Avenue Housing Development Fund Corp

Analysis

1106 Morris 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, 1106 Morris Avenue Housing Development Fund Corp reported income of $676k and spending of $701k, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $576k to $676k (+17%), an average of +3.3% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1106 Morris Avenue Housing Development Fund Corp sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Merrimack Valley Housing Partnership Inc ($676k), Friendship Place Inc ($676k) and 440 East 182 Street HDFC ($676k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.8m against liabilities of $320k, net assets of $1.5m.