A Malcolm Housing Development Fund Corporation

Analysis

A Malcolm Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 2012, 14 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, A Malcolm Housing Development Fund Corporation reported income of $653k and spending of $823k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $450k to $653k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, A Malcolm Housing Development Fund Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Multi-County Builders ($653k), New Meadow Elderly Housing Inc ($653k) and Johnny B Moore Towers Inc ($653k).

Other salaries and wages came to $58k. At year end it held assets of $4.7m against liabilities of $5.7m, net assets of -$1.0m. It reported 3 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.