1130 College Avenue Housing Development Fund Corporation

Analysis

1130 College Avenue Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 2004, 22 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, 1130 College Avenue Housing Development Fund Corporation reported income of $415k and spending of $479k, spending 115% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $377k to $415k (+10%), an average of +2.0% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1130 College Avenue Housing Development Fund Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Lexington Home Ownership Commission II Inc ($415k), Volunteers of America Inc ($416k) and Morningstar Senior Living Foundation ($415k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $506k against liabilities of $836k, net assets of -$329k.

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.