Four Streets Housing Development Fund Corporation

Analysis

Four Streets Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Four Streets Housing Development Fund Corporation reported income of $455k and spending of $639k, spending 140% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $439k to $455k (+3.6%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income dropped by 100%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Four Streets Housing Development Fund Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Coalition for Attainable Homes Inc ($455k), Washington Townhouses ($455k) and Las Villas de Magnolia Inc ($455k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $5.2m against liabilities of $7.4m, net assets of -$2.1m.