1854 Cedar Avenue Housing Development Fund Corporation

Analysis

1854 Cedar Avenue Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2014, 12 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, 1854 Cedar Avenue Housing Development Fund Corporation reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.3m (-0.9%), an average of -0.2% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1854 Cedar Avenue Housing Development Fund Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Elijah Smith Senior Citizen Housing Development Fund Co ($1.3m), Midtown Manor Inc ($1.3m) and Two Hundred Seventy-Two to Two Hundred Eighty Linwood Avenue Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13.2m against liabilities of $13.2m, net assets of $71k.