Matinecock Court Housing Development Fund Corp

Analysis

Matinecock Court Housing Development Fund Corp is a registered charity in United States, based in E Northport, NY. It received its IRS tax-exemption ruling in January 2004, 22 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 June 2023, Matinecock Court Housing Development Fund Corp reported income of $3.8m and spending of $775k, leaving 79% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3,065 to $3.8m (+122471%), an average of +492% a year. The sharpest change came in the year to June 2020, when income dropped by 100%. Over the whole period it spent 26% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Matinecock Court Housing Development Fund Corp sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Troy Rehabilitation and Improvement Program Inc ($3.8m), Home Repair Services of Kent County Inc ($3.8m) and Bridges to Housing Stability Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.