Housing Works Harlem Housing Development Fund Corporation

Analysis

Housing Works Harlem Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2002, 24 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 June 2023, Housing Works Harlem Housing Development Fund Corporation reported income of $59k and spending of $171k, spending 290% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $46k to $59k (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 452% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Works Harlem Housing Development Fund Corporation sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Haverim Inc ($59k), People Improving Communities and Neighborhoods ($59k) and C L C Sugar Ridge Inc ($59k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.0m against liabilities of $3.8m, net assets of -$1.7m.

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.