Northfield Housing Development Fund Corporation

Analysis

Northfield Housing Development Fund Corporation is a registered charity in United States, based in Fairport, NY. It received its IRS tax-exemption ruling in November 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 March 2023, Northfield Housing Development Fund Corporation reported income of $405k and spending of $375k, spending 93% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $393k to $405k (+3.1%), an average of +1.0% a year. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northfield Housing Development Fund Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Kalkaska Senior Haven Inc ($405k), Delta Housing Corporation of the District of Columbia ($405k) and James Bruner-Tk Ranch Inc ($405k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.8m against liabilities of $7.7m, net assets of -$3.9m.