91 Carlton Housing Development Fund Corporation

Analysis

91 Carlton Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2006, 20 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, 91 Carlton Housing Development Fund Corporation reported income of $267k and spending of $489k, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $267k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 176% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 91 Carlton Housing Development Fund Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Nhhi Brooklyn Park Inc ($267k), U S Jones H D F C ($267k) and Willow Glen Elderly Housing Corp ($267k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $3.9m against liabilities of $352k, net assets of $3.6m.

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.