Italian American Housing Development Fund Company Inc

Analysis

Italian American Housing Development Fund Company Inc is a registered charity in United States, based in Watervliet, NY. It received its IRS tax-exemption ruling in November 1985, 41 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 June 2024, Italian American Housing Development Fund Company Inc reported income of $544k and spending of $495k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $507k to $544k (+7.3%), an average of +1.8% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Italian American Housing Development Fund Company Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include MRC Melrose Housing Development Fund Corporation ($544k), Golden Empire Chdo Affordable Housing Inc ($544k) and Angel House of Georgia Inc ($544k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 41% of the total. Other salaries and wages came to $73k. At year end it held assets of $1.5m against liabilities of $2.3m, net assets of -$856k.