Semiperm Housing Development Fund Corporation

Analysis

Semiperm Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2007, 19 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 December 2023, Semiperm Housing Development Fund Corporation reported income of $399k and spending of $673k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $426k to $399k (-6.2%), an average of -1.6% a year. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Semiperm Housing Development Fund Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Christian Care Nursing Center II Inc ($399k), Senior Heritage Plaza Inc ($399k) and Northwest Kansas Housing Inc ($398k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $5.6m against liabilities of $110k, net assets of $5.5m.

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.