East Greenbush Housing Development Fund Company Inc

Analysis

East Greenbush Housing Development Fund Company 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. 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 September 2023, East Greenbush Housing Development Fund Company Inc reported income of $533k and spending of $529k, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $500k to $533k (+6.6%), an average of +1.6% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Greenbush Housing Development Fund Company Inc sits at the 59th percentile: it is larger than about 59% 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 Alabama Communities Inc ($533k), N the Spirit Inc ($533k) and Mohawk Indian Housing Corporation ($533k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Other salaries and wages came to $68k. At year end it held assets of $1.5m against liabilities of $2.3m, net assets of -$788k.