St Anna Housing Development Fund Company Inc

Analysis

St Anna Housing Development Fund Company Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in August 1996, 30 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, St Anna Housing Development Fund Company Inc reported income of $381k and spending of $531k, spending 139% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $373k to $381k (+2.1%), an average of +0.5% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Anna Housing Development Fund Company Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Hearthstone Elderly Housing Corporation ($381k), Lutheran Social Services of Central Ohio Sullivant Housing Inc ($381k) and Taylors Care Home Inc ($381k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Other salaries and wages came to $53k. At year end it held assets of $3.6m against liabilities of $6.7m, net assets of -$3.1m. It reported 5 employees.

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.