Housing Development Foundation Inc

Analysis

Housing Development Foundation Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in July 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, Housing Development Foundation Inc reported income of $804k and spending of $605k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $835k to $804k (-3.7%), an average of -1.2% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Development Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Cucs Initiatives Inc ($804k), Quebec Square Housing Inc ($804k) and JHC River Ranch Inc ($804k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. At year end it held assets of $5.0m against liabilities of $3.4m, net assets of $1.6m.