Nassau Senior Housing Development Fund Company Inc

Analysis

Nassau Senior Housing Development Fund Company Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in March 1997, 29 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 December 2023, Nassau Senior Housing Development Fund Company Inc reported income of $108k and spending of $167k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $108k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 170% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nassau Senior Housing Development Fund Company Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Mosaic Housing Corp Xvii - Beatrice ($108k), West Routt Housing Inc ($108k) and Terry Village Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Other salaries and wages came to $4,922. At year end it held assets of $741k against liabilities of $1.4m, net assets of -$620k.

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.