Cecil Housing Development Fund Corporation

Analysis

Cecil Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2009, 17 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, Cecil Housing Development Fund Corporation reported income of $2.8m and spending of $2.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.8m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cecil Housing Development Fund Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Bridgecourt Housing Inc ($2.8m), Care Housing Inc ($2.8m) and Congregational Retirement Homes II Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 44% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $6.6m against liabilities of $11.0m, net assets of -$4.4m. It reported 16 employees.