Boston Post Road Housing Development Fund Corporation

Analysis

Boston Post Road Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Boston Post Road Housing Development Fund Corporation reported income of $223k and spending of $507k, spending 227% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $100k to $223k (+124%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 122%. Over the whole period it spent 243% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Boston Post Road Housing Development Fund Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Allesandro Housing 811-01 ($223k), Family Promise of Tulsa County ($223k) and Long Island Housing Partnership Community Development Financial in ($223k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $1.5m against liabilities of $3.4m, net assets of -$1.9m.

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.