Preserving City Neighborhoods Housing Development Fund Corporati

Analysis

Preserving City Neighborhoods Housing Development Fund Corporati is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Preserving City Neighborhoods Housing Development Fund Corporati reported income of $829k and spending of $695k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $561k to $829k (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 264%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Preserving City Neighborhoods Housing Development Fund Corporati sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include West Farms Neighborhood Housing Development Fund Co Inc ($828k), Garfield Jubilee Association Inc ($829k) and Senior Living Alternatives Inc ($828k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 0.4% of the total. At year end it held assets of $27.1m against liabilities of $58k, net assets of $27.1m.