Beatrice C Catullo Residence Housing Development Fund Corp

Analysis

Beatrice C Catullo Residence Housing Development Fund Corp is a registered charity in United States, based in Richmond Hill, NY. It received its IRS tax-exemption ruling in September 2005, 21 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 December 2023, Beatrice C Catullo Residence Housing Development Fund Corp reported income of $1.1m and spending of $1.3m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $685k to $1.1m (+54%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beatrice C Catullo Residence Housing Development Fund Corp sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Breaking the Chains 23 ($1.1m), Ontario Senior Housing Inc ($1.1m) and 640 Columbus Investments Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 30% of the total. Other salaries and wages came to $82k. At year end it held assets of $10.7m against liabilities of $13.5m, net assets of -$2.8m. It reported 4 employees.

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.