Happiness House Apartments Housing Development Fund Company Inc

Analysis

Happiness House Apartments Housing Development Fund Company Inc is a registered charity in United States, based in Geneva, NY. It received its IRS tax-exemption ruling in March 2024, 2 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, Happiness House Apartments Housing Development Fund Company Inc reported income of $122k and spending of $247k, spending 203% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $139k to $122k (-13%), an average of -6.5% a year. The sharpest change came in the year to December 2022, when income rose by 137%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Happiness House Apartments Housing Development Fund Company Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Accident Community Housing Corp ($122k), Abilities at Casablanca Inc ($122k) and Troy Neighborhood Redevelopment Corporation ($122k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $9,138. At year end it held assets of $3.3m against liabilities of $3.8m, net assets of -$506k.