Community Homes Housing Development Fund Company

Analysis

Community Homes Housing Development Fund Company is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2001, 25 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, Community Homes Housing Development Fund Company reported income of $3.2m and spending of $2.7m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $537k to $3.2m (+493%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 186%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Homes Housing Development Fund Company sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Project Homeless Connect Washington County ($3.2m), Hospitality House of Northwest North Carolina ($3.2m) and Habitat for Humanity International Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 9.5% of the total. At year end it held assets of $12.5m against liabilities of $5.8m, net assets of $6.6m.