August P Petrillo Housing Development Fund Company Inc

Analysis

August P Petrillo Housing Development Fund Company Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in May 2013, 13 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, August P Petrillo Housing Development Fund Company Inc reported income of $96k and spending of $186k, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $227k to $96k (-58%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, August P Petrillo Housing Development Fund Company Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Capital Area Housing Corporation ($96k), Hand Up Project ($96k) and Onamia Shores Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 51% of the total. At year end it held assets of $10.2m against liabilities of $8.4m, net assets of $1.8m.