Milltown Housing Developemnt Fund Company Inc

Analysis

Milltown Housing Developemnt Fund Company Inc is a registered charity in United States, based in Evans Mills, NY. It received its IRS tax-exemption ruling in September 1988, 38 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, Milltown Housing Developemnt Fund Company Inc reported income of $219k and spending of $219k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $219k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 17%. 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, Milltown Housing Developemnt Fund Company Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Bowman Low Rental Housing Co Inc ($219k), Brookings Good Samaritan Housing Inc ($219k) and Community Resolution Center ($219k).

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 $328k against liabilities of $1.0m, net assets of -$679k.