Riverside Episcopal Housing Development Fund Company Inc

Analysis

Riverside Episcopal Housing Development Fund Company Inc is a registered charity in United States, based in Williamsville, NY. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Riverside Episcopal Housing Development Fund Company Inc reported income of $364k and spending of $326k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $353k to $364k (+3.3%), an average of +0.8% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverside Episcopal Housing Development Fund Company Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Greeley Good Samaritan Housing Inc ($364k), Project Hope of Eastern CT Inc ($365k) and Habitat for Humanity International Inc ($364k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $38k. At year end it held assets of $844k against liabilities of $983k, net assets of -$138k.