Bil Housing Development Fund Company Inc

Analysis

Bil Housing Development Fund Company Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 1995, 31 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 March 2023, Bil Housing Development Fund Company Inc reported income of $211k and spending of $177k, spending 84% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $194k to $211k (+8.5%), an average of +2.1% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bil Housing Development Fund Company Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Senior Citizens Housing Development Corporation of Sullivan County Inc ($211k), Grifton Mission Ministries Inc ($211k) and Wesley at Graceland Inc ($211k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $20k. At year end it held assets of $609k against liabilities of $441k, net assets of $168k.