S J Housing Development Fund Co Inc

Analysis

S J Housing Development Fund Co 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. 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 September 2023, S J Housing Development Fund Co Inc reported income of $537k and spending of $541k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $511k to $537k (+5.0%), an average of +1.2% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, S J Housing Development Fund Co Inc 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 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include West Hancock County Ambulance Serv Inc ($536k), Florida Craftart Inc ($537k) and Monroe City Sheltered Workshop ($536k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Other salaries and wages came to $71k. At year end it held assets of $2.0m against liabilities of $2.9m, net assets of -$934k.