CDS Housing Development Fund Corporation I

Analysis

CDS Housing Development Fund Corporation I is a registered charity in United States, based in Webster, NY. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, CDS Housing Development Fund Corporation I reported income of $74k and spending of $72k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $74k (+25%), an average of +5.7% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, CDS Housing Development Fund Corporation I sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Mu Tau Inc ($74k), Camp Oak Hill Inc ($74k) and Ouallo Kouya Foundation ($74k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. Other salaries and wages came to $8,493. At year end it held assets of $187k against liabilities of $195k, net assets of -$7,746.