Weeks Avenue Housing Development Fund Corp

Analysis

Weeks Avenue Housing Development Fund Corp is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 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, Weeks Avenue Housing Development Fund Corp reported income of $844k and spending of $857k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $789k to $844k (+6.9%), an average of +1.7% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Weeks Avenue Housing Development Fund Corp sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Yellow Springs Home Inc ($843k), Villa Mechelangelo Inc ($844k) and Goldenrod Regional Housing Agency ($843k).

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 $2.1m against liabilities of $571k, net assets of $1.5m.