Stewart Park Housing Development Fund Co Inc

Analysis

Stewart Park Housing Development Fund Co Inc is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in April 1980, 46 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 2024, Stewart Park Housing Development Fund Co Inc reported income of $1.7m and spending of $1.4m, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.7m (+21%), an average of +4.9% a year. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stewart Park Housing Development Fund Co Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Sierra View Residences LLC ($1.7m), Miriams House Inc ($1.7m) and The Mary Elizabeth House Inc a Ministry ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $199k. At year end it held assets of $5.3m against liabilities of $75k, net assets of $5.3m.