Hudson Valley Housing Development Fund Company Inc

Analysis

Hudson Valley Housing Development Fund Company Inc is a registered charity in United States, based in Wappingers FL, NY. It received its IRS tax-exemption ruling in June 1990, 36 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 July 2023, Hudson Valley Housing Development Fund Company Inc reported income of $583k and spending of $734k, spending 126% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.3m to $583k (-54%), an average of -18% a year. The sharpest change came in the year to July 2020, when income dropped by 57%. 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, Hudson Valley Housing Development Fund Company Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Chaffee Housing Trust ($583k), Affordable Housing Preservation Foundation ($584k) and Confederate Home and College ($583k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $56k. At year end it held assets of $8.3m against liabilities of $3.1m, net assets of $5.2m.

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.