Mi Casa Housing Development Fund Corp

Analysis

Mi Casa Housing Development Fund Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2000, 26 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, Mi Casa Housing Development Fund Corp reported income of $210k and spending of $237k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $210k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mi Casa Housing Development Fund Corp sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Community Orginzation of Southern Brooklyn Inc ($210k), Propylon Nonprofit Housing Corp ($210k) and Dorcas Manor Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $5,000. At year end it held assets of $2.0m against liabilities of $3.3m, net assets of -$1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.