Broadway Housing Development Fund Company Inc

Analysis

Broadway Housing Development Fund Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1988, 38 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, Broadway Housing Development Fund Company Inc reported income of $829k and spending of $1.9m, spending 235% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.5m to $829k (-85%), an average of -38% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Broadway Housing Development Fund Company Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Garfield Jubilee Association Inc ($829k), Hale Mahaolu Ekolu Inc ($829k) and Preserving City Neighborhoods Housing Development Fund Corporati ($829k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 49% of the total. At year end it held assets of $32.1m against liabilities of $2.2m, net assets of $29.8m.