Park Side 104 Housing Development Fund Company Inc

Analysis

Park Side 104 Housing Development Fund Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Park Side 104 Housing Development Fund Company Inc reported income of $430k and spending of $544k, spending 126% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income grew from $367k to $430k (+17%), an average of +8.3% a year. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Park Side 104 Housing Development Fund Company Inc sits at the 65th percentile: it is larger than about 65% 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 The 516 Project Inc ($430k), Lake Oswego Rowing Club Foundation ($430k) and Denver Community Development Corporation ($430k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $2.1m against liabilities of $2.8m, net assets of -$651k.

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.