Westfall Heights Housing Development Fund Corporation

Analysis

Westfall Heights Housing Development Fund Corporation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 1999, 27 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 February 2023, Westfall Heights Housing Development Fund Corporation reported income of $233k and spending of $6,775, leaving 97% of income unspent that year. Across the 5 years on record, from February 2019 to February 2023, income grew from $194k to $233k (+20%), an average of +4.6% a year. Over the whole period it spent 3.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westfall Heights Housing Development Fund Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Cheyenne Trails II Corporation ($232k), Sioux Empire Housing Partnership Inc ($233k) and Folsom Oaks Apartments Inc ($232k).

On its Form 990 for the period ending February 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $6.3m against liabilities of $7,975, net assets of $6.3m.