Center Housing Development Fund Corporation II

Analysis

Center Housing Development Fund Corporation II is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 2003, 23 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, Center Housing Development Fund Corporation II reported income of $112k and spending of $145k, spending 130% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $109k to $112k (+2.4%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Center Housing Development Fund Corporation II sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Nlh5 Inc ($112k), Ashland Housing Opportunities Incorporated ($112k) and St Charles Place Manor Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $796 (0.5% of expenses). Other salaries and wages came to $7,983. At year end it held assets of $867k against liabilities of $42k, net assets of $825k.