Mid-Bronx Housing Development Fund

Analysis

Mid-Bronx Housing Development Fund is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 1974, 52 years ago. 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 June 2023, Mid-Bronx Housing Development Fund reported income of $3.2m and spending of $3.7m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $3.2m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Bronx Housing Development Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Safe Passage Inc ($3.2m), Youth Enrichment Services Inc ($3.2m) and Orange City Society for Christian Instruction ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $232k. At year end it held assets of $5.8m against liabilities of $2.3m, net assets of $3.6m. It reported 30 employees.