Bishop Broderick Apartments Housing Development Fund Company Inc

Analysis

Bishop Broderick Apartments Housing Development Fund Company Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 March 2024, Bishop Broderick Apartments Housing Development Fund Company Inc reported income of $991k and spending of $929k, spending 94% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $922k to $991k (+7.5%), an average of +1.8% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bishop Broderick Apartments Housing Development Fund Company Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Daytona Beach Elderly Housing Inc ($990k), Stoneman Village II Housing Corporation ($991k) and Habitat for Humanity International Inc ($990k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 56% and program service revenue 42% of the total. Other salaries and wages came to $172k. At year end it held assets of $3.1m against liabilities of $4.0m, net assets of -$912k.