Montefiore Housing Corporation

Analysis

Montefiore Housing Corporation is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in March 1998, 28 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Montefiore Housing Corporation reported income of $10.0m and spending of $11.9m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.6m to $10.0m (-5.0%), an average of -1.3% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Montefiore Housing Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Bienestar Inc ($10.0m), Eskaton Village-Roseville ($10.0m) and Burbank Housing Corporation ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $18.5m against liabilities of $14.7m, net assets of $3.8m. It reported 186 employees.

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.