Harry and Jeanette Weinberg Gardens Housing Development Fund Company I

Analysis

Harry and Jeanette Weinberg Gardens Housing Development Fund Company I is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harry and Jeanette Weinberg Gardens Housing Development Fund Company I reported income of $1.6m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $969k to $1.6m (+69%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 383%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harry and Jeanette Weinberg Gardens Housing Development Fund Company I sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Friendship House Inc ($1.6m), Los Sures Sip Housing Development Fund Corporation ($1.6m) and York Area Development Corporation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $17.1m against liabilities of $14.9m, net assets of $2.2m.