Teresian House Housing Corporation

Analysis

Teresian House Housing Corporation is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 2002, 24 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 June 2023, Teresian House Housing Corporation reported income of $9.2m and spending of $8.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $9.2m (+26%), an average of +6.0% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Teresian House Housing Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Housing Enterprises of Florida Inc ($9.2m), PHW Menomonee Falls Inc ($9.2m) and National Housing Trust Community Development Fund ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $113k (1.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $33.4m against liabilities of $53.4m, net assets of -$20.0m. It reported 46 employees.