TB Housing Development Fund Company Inc

Analysis

TB Housing Development Fund Company Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in September 2015, 11 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 2023, TB Housing Development Fund Company Inc reported income of $277k and spending of $451k, spending 163% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $283k to $277k (-2.4%), an average of -0.6% a year. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, TB Housing Development Fund Company Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($277k), Greencastle of Allerton Inc ($277k) and Senior Citizens Overlook Inc ($276k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $63k. At year end it held assets of $5.6m against liabilities of $6.3m, net assets of -$619k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.