Yw-Wny Housing Development Fund Company Inc

Analysis

Yw-Wny Housing Development Fund Company Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 1996, 30 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 June 2024, Yw-Wny Housing Development Fund Company Inc reported income of $710k and spending of $805k, spending 113% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $513k to $710k (+38%), an average of +6.7% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Yw-Wny Housing Development Fund Company Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Telacu Housing San Bernardino III Inc ($709k), Stillwater Heights Inc ($710k) and The Salvation Army Riverside Residences Inc ($709k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $163k. At year end it held assets of $3.4m against liabilities of $132k, net assets of $3.2m.

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.