Brookside Senior Housing Development Fund Inc

Analysis

Brookside Senior Housing Development Fund Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in February 1992, 34 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, Brookside Senior Housing Development Fund Inc reported income of $341k and spending of $425k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $341k (+9.2%), an average of +2.2% a year. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brookside Senior Housing Development Fund Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Aim High Living ($341k), Mirabella Washington Foundation ($341k) and Disability Foundation Inc ($341k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $72k. At year end it held assets of $2.3m against liabilities of $2.5m, net assets of -$240k.

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.