Northside Church of Christ Housing Development Fund Company Inc

Analysis

Northside Church of Christ Housing Development Fund Company Inc is a registered charity in United States, based in Rochester, 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Northside Church of Christ Housing Development Fund Company Inc reported income of $127k and spending of $185k, spending 145% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $296k to $127k (-57%), an average of -16% a year. The sharpest change came in the year to June 2020, when income dropped by 51%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northside Church of Christ Housing Development Fund Company Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Caring Residential Services VIII Inc ($127k), Volunteers of America Inc ($127k) and Adirondack Housing Development Corporation ($127k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 52% of the total. Other salaries and wages came to $21k. At year end it held assets of $1.1m against liabilities of $1.8m, net assets of -$668k.

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.