HRH Neighborhood Housing Development Fund Company Inc

Analysis

HRH Neighborhood Housing Development Fund Company Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in May 2007, 19 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, HRH Neighborhood Housing Development Fund Company Inc reported income of $291k and spending of $278k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $291k (+150%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, HRH Neighborhood Housing Development Fund Company Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Boulevard Gardens Senior Housing ($291k), Family Promise of North Idaho Inc ($291k) and Housing Development Corporation of SW Florida Inc ($291k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 63% of the total. At year end it held assets of $3.5m against liabilities of $4.2m, net assets of -$677k.