Buffalo Mercy Housing Development Fund Company Inc

Analysis

Buffalo Mercy Housing Development Fund Company Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 1987, 39 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 December 2023, Buffalo Mercy Housing Development Fund Company Inc reported income of $340k and spending of $327k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $340k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Buffalo Mercy Housing Development Fund Company Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Manitowoc RHF Housing Inc ($340k), Pro Labore Dei Inc ($340k) and United Neighborhoods Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $42k. At year end it held assets of $2.0m against liabilities of $2.5m, net assets of -$519k.