Delatour Housing Development Fund Company Inc

Analysis

Delatour Housing Development Fund Company Inc is a registered charity in United States, based in Watervliet, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2024, Delatour Housing Development Fund Company Inc reported income of $367k and spending of $430k, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $375k to $367k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Delatour Housing Development Fund Company Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Samaritan House Inc ($367k), Nueva Esperanza Inc ($367k) and National Church Residences of ($367k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 94% of the total. Other salaries and wages came to $108k. At year end it held assets of $1.7m against liabilities of $33k, net assets of $1.6m.

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.