Los Sures 101 S 3rd Housing Development Fund Corporation

Analysis

Los Sures 101 S 3rd Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Los Sures 101 S 3rd Housing Development Fund Corporation reported income of $434k and spending of $608k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $560k to $434k (-22%), an average of -6.2% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Los Sures 101 S 3rd Housing Development Fund Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include West Town Village Housing Development Fund Company Inc ($434k), Harmony Village Senior Nonprofit Housing Corporation ($435k) and Convergence Memphis Inc ($434k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $6.2m against liabilities of $2.7m, net assets of $3.5m.

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.