Halfmoon Housing Development Fund Company Inc

Analysis

Halfmoon Housing Development Fund Company Inc is a registered charity in United States, based in Clifton Park, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 March 2024, Halfmoon Housing Development Fund Company Inc reported income of $526k and spending of $569k, spending 108% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $473k to $526k (+11%), an average of +2.7% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Halfmoon Housing Development Fund Company Inc sits at the 59th percentile: it is larger than about 59% 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 Trinity Sober Homes ($526k), Bahia Properties Inc ($526k) and The Salvation Army Denver Residences Inc ($526k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 63% and program service revenue 35% of the total. Other salaries and wages came to $96k. At year end it held assets of $953k against liabilities of $1.7m, net assets of -$708k.

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.