Town of Plattsburgh Housing Development Fund Company Inc

Analysis

Town of Plattsburgh Housing Development Fund Company Inc is a registered charity in United States, based in East Syracuse, NY. It received its IRS tax-exemption ruling in May 1995, 31 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, Town of Plattsburgh Housing Development Fund Company Inc reported income of $198k and spending of $243k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $204k to $198k (-3.3%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Town of Plattsburgh Housing Development Fund Company Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Mid-Peninsula San Pedro Inc ($198k), Interfaith Family Services a NJ Nonprofit Corporation ($198k) and Sheltering Jewells Outreach Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $32k. At year end it held assets of $944k against liabilities of $37k, net assets of $907k.

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.