Delhi Senior Housing Development Fund Company II Inc

Analysis

Delhi Senior Housing Development Fund Company II Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in April 2001, 25 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 December 2023, Delhi Senior Housing Development Fund Company II Inc reported income of $201k and spending of $225k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $201k (+16%), an average of +3.9% a year. Over the whole period it spent 117% 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 Company II Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Orrington Housing Corp ($201k), SNHS Elderly Housing X ($201k) and Lutheran Housing Corporation Prairie Lake Apartments ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Other salaries and wages came to $43k. At year end it held assets of $903k against liabilities of $1.4m, net assets of -$512k.

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.