Shaarey Zedek Housing Development Fund Corporation

Analysis

Shaarey Zedek Housing Development Fund Corporation is a registered charity in United States, based in Amherst, NY. It received its IRS tax-exemption ruling in June 2000, 26 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 June 2023, Shaarey Zedek Housing Development Fund Corporation reported income of $515k and spending of $556k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $478k to $515k (+7.7%), an average of +1.9% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shaarey Zedek Housing Development Fund Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include City of Lubbock Housing Initiatives ($514k), Darlington Elderly Housing Inc ($515k) and Ludden Housing Development Fund Company Inc ($514k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $53k. At year end it held assets of $2.7m against liabilities of $3.7m, net assets of -$965k.

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.