Division Housing Corporation

Analysis

Division Housing Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2014, 12 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 December 2023, Division Housing Corporation reported income of $2.0m and spending of $16k, leaving 99% of income unspent that year. Across the 5 years on record, from June 2020 to December 2023, income fell from $16.1m to $2.0m (-88%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 87%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Division Housing Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.0m), Older Americans Satellite Housing Inc ($2.0m) and Housing Opportunities Made Equal Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 69% of the total. At year end it held assets of $13.1m against liabilities of $15k, net assets of $13.1m. It reported 25 employees.