St Mark Affordable Housing Development Fund Corporation

Analysis

St Mark Affordable Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2013, 13 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, St Mark Affordable Housing Development Fund Corporation reported income of $1.8m and spending of $2.5m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $1.8m (+2.9%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Mark Affordable Housing Development Fund Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Wyoming Housing Network Inc ($1.8m), Fair Tide Inc ($1.8m) and Christian Church Homes of Washington ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $259k. At year end it held assets of $10.1m against liabilities of $12.8m, net assets of -$2.7m. It reported 3 employees.