1114 Morris Avenue Housing Development Fund Corp

Analysis

1114 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, 1114 Morris Avenue Housing Development Fund Corp reported income of $753k and spending of $751k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $632k to $753k (+19%), an average of +3.6% 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, 1114 Morris Avenue Housing Development Fund Corp sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Renovation Alliance ($753k), Coastal Affordable Housing ($753k) and Spero Housing Group ($752k).

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 $1.8m against liabilities of $209k, net assets of $1.6m.