South Brooklyn Renewal Housing Development Fund Corporation

Analysis

South Brooklyn Renewal Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 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 June 2023, South Brooklyn Renewal Housing Development Fund Corporation reported income of $323k and spending of $378k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $295k to $323k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Brooklyn Renewal Housing Development Fund Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Casita Coalition ($322k), Caring Residential Services II Inc ($323k) and Naomi New Attitude on My Image Inc ($322k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $64k. At year end it held assets of $2.5m against liabilities of $2.7m, net assets of -$198k. It reported 9 employees.