The Idlewild Terrace Housing Development Fund Corporation

Analysis

The Idlewild Terrace Housing Development Fund Corporation is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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, The Idlewild Terrace Housing Development Fund Corporation reported income of $301k and spending of $327k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $275k to $301k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Idlewild Terrace Housing Development Fund Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Merrick Medical Center Foundation ($301k), Landa Gardens Conservancy ($301k) and Castle Argyle ($301k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $73k. At year end it held assets of $472k against liabilities of $913k, net assets of -$441k. It reported 2 employees.