1330 Morris Avenue Housing Development Fund Corp

Analysis

1330 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, 1330 Morris Avenue Housing Development Fund Corp reported income of $644k and spending of $633k, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $587k to $644k (+9.8%), an average of +1.9% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1330 Morris Avenue Housing Development Fund Corp sits at the 63rd percentile: it is larger than about 63% 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 Magnolia Manor of Macon Inc ($643k), Audrain County Shelter Resource Coalition ($644k) and Plymouth Healing Communities ($643k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $209k, net assets of $1.3m.