The Pavillion Housing Development Fund Corporation

Analysis

The Pavillion Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 2016, 10 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 September 2023, The Pavillion Housing Development Fund Corporation reported income of $639k and spending of $860k, spending 135% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $420k to $639k (+52%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 43%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Pavillion Housing Development Fund Corporation 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 Bickford Street Elderly Housing Corporation ($639k), Wood Lane Residential Properties Inc ($639k) and Harbor Point Community Task Force Inc ($639k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $45k. At year end it held assets of $4.4m against liabilities of $6.1m, net assets of -$1.7m. It reported 2 employees.