Bay House Housing Development Corporation

Analysis

Bay House Housing Development Corporation is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in February 2017, 9 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, Bay House Housing Development Corporation reported income of $179k and spending of $254k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $179k (+23%), an average of +5.4% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bay House Housing Development Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Pendleton Village Inc ($179k), Homeownership for All Inc ($179k) and Franklin Foundation of Springfield ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 49% of the total. Other salaries and wages came to $64k. At year end it held assets of $4.1m against liabilities of $18k, net assets of $4.1m.

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.