Brocton Housing Development Fund Company Inc

Analysis

Brocton Housing Development Fund Company Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 1992, 34 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 September 2023, Brocton Housing Development Fund Company Inc reported income of $374k and spending of $384k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $402k to $374k (-7.1%), an average of -1.8% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brocton Housing Development Fund Company Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Lord Howe Estates Housing Development Fund Corporation ($373k), Casa de Merced ($374k) and Holy Family Home for Mothers and Children ($373k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $64k. At year end it held assets of $660k against liabilities of $1.3m, net assets of -$623k.