West Town Village Housing Development Fund Company Inc

Analysis

West Town Village Housing Development Fund Company Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, West Town Village Housing Development Fund Company Inc reported income of $434k and spending of $595k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $434k (+14%), an average of +3.4% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, West Town Village Housing Development Fund Company Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Convergence Memphis Inc ($434k), Los Sures 101 S 3rd Housing Development Fund Corporation ($434k) and Fenway Companies Inc ($434k).

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 $2.1m against liabilities of $2.3m, net assets of -$183k.

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.