Ellenburg Housing Developement Fund Company Inc

Analysis

Ellenburg Housing Developement Fund Company Inc is a registered charity in United States, based in Ellenburg Ctr, NY. It received its IRS tax-exemption ruling in August 1993, 33 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 December 2023, Ellenburg Housing Developement Fund Company Inc reported income of $223k and spending of $229k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $223k (+11%), an average of +2.6% 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, Ellenburg Housing Developement Fund Company Inc 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 Olive Avenue Apartments Inc ($223k), Noble Senior Citizens Housing Authority Inc ($223k) and Accessible Country Trail Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $30k (13% of expenses). Other salaries and wages came to $5,907. At year end it held assets of $388k against liabilities of $728k, net assets of -$340k. It reported 2 employees.

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.