Hub II Housing Development Fund Co Inc

Analysis

Hub II Housing Development Fund Co Inc is a registered charity in United States, based in Washingtonvle, NY. It received its IRS tax-exemption ruling in October 1989, 37 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, Hub II Housing Development Fund Co Inc reported income of $858k and spending of $810k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $834k to $858k (+2.9%), an average of +0.7% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hub II Housing Development Fund Co Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Donald Jordan Sr Manor Inc ($858k), Peninsula Housing Development Inc XV ($858k) and Habitat for Humanity International Inc ($858k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $1.1m against liabilities of $2.6m, net assets of -$1.5m.