Community Services First Housing Corporation

Analysis

Community Services First Housing Corporation is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in April 2008, 18 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, Community Services First Housing Corporation reported income of $90k and spending of $169k, spending 188% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $90k (+19%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 198% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Services First Housing Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Homes for California ($90k), Apostolic Christian Home of Sabetha Foundation Inc ($90k) and Capitol Crossing Senior Affordablehousing Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $13k. At year end it held assets of $932k against liabilities of $21k, net assets of $911k.

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.