Catskill Mountain Housing Development Corporation

Analysis

Catskill Mountain Housing Development Corporation is a registered charity in United States, based in Catskill, NY. It received its IRS tax-exemption ruling in April 1982, 44 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, Catskill Mountain Housing Development Corporation reported income of $894k and spending of $864k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $894k (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Catskill Mountain Housing Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($893k), Cornerstone Resource Alliance Inc ($895k) and Habitat for Humanity International Inc ($892k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 30% of the total. Other salaries and wages came to $296k. At year end it held assets of $372k against liabilities of $303k, net assets of $70k. It reported 9 employees.