Delhi Senior Housing Development Fund Co Inc

Analysis

Delhi Senior Housing Development Fund Co Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 1997, 29 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, Delhi Senior Housing Development Fund Co Inc reported income of $190k and spending of $248k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $176k to $190k (+8.0%), an average of +1.9% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Delhi Senior Housing Development Fund Co Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Bethel House of Whitewater Inc ($190k), University Circle Housing Inc ($190k) and Pine Woods Apartments Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Other salaries and wages came to $42k. At year end it held assets of $867k against liabilities of $1.8m, net assets of -$953k.

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.