Sisters of Charity Housing Development Corporation

Analysis

Sisters of Charity Housing Development Corporation is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in January 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sisters of Charity Housing Development Corporation reported income of $17.2m and spending of $2.5m, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $17.2m (+4533%), an average of +161% a year. The sharpest change came in the year to December 2023, when income rose by 423%. Over the whole period it spent 29% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sisters of Charity Housing Development Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Vietnam Veterans Workshop Inc ($17.2m), Carondelet Village Inc ($17.2m) and Lavender Mountain Senior Living Inc ($17.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $370k (15% of expenses). Other salaries and wages came to $881k. At year end it held assets of $19.2m against liabilities of $309k, net assets of $18.9m. It reported 20 employees.