280 East 166th Street Housing Development Fund Corp

Analysis

280 East 166th Street 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, 280 East 166th Street Housing Development Fund Corp reported income of $302k and spending of $314k, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $306k to $302k (-1.2%), an average of -0.2% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 280 East 166th Street Housing Development Fund Corp sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include RVM Reedsport Housing Corporation ($302k), Housing Works Lyman Prospect Housing Development Fund Corporati ($302k) and Crystal Run Owner Corporation ($302k).

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 $816k against liabilities of $89k, net assets of $727k.