Reclaim Round II Housing Development Fund Corporation

Analysis

Reclaim Round II Housing Development Fund Corporation is a registered charity in United States, based in Bronx, 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, Reclaim Round II Housing Development Fund Corporation reported income of $2.2m and spending of $2.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.2m (+5.9%), an average of +1.4% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Reclaim Round II Housing Development Fund Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Twin Oaks Mutual Housing Community ($2.2m), Bread of Life Ministries Inc ($2.2m) and Neighborhood Housing and Development Corporation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $144k. At year end it held assets of $14.2m against liabilities of $16.2m, net assets of -$2.0m.