Meadow Lane Housing Development Fund Company Inc

Analysis

Meadow Lane Housing Development Fund Company Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in July 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, Meadow Lane Housing Development Fund Company Inc reported income of $570k and spending of $763k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $466k to $570k (+22%), an average of +5.1% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Meadow Lane Housing Development Fund Company Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Three Rivers Housing Development Corporation ($570k), Cof Independent Living Inc ($570k) and House of Hope Inc ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. At year end it held assets of $7.2m against liabilities of $5.8m, net assets of $1.4m.

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.