Housing Works 874 Jefferson Housing Development Fund Corporation

Analysis

Housing Works 874 Jefferson Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2008, 18 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, Housing Works 874 Jefferson Housing Development Fund Corporation reported income of $107k and spending of $181k, spending 170% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $122k to $107k (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. 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, Housing Works 874 Jefferson Housing Development Fund Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include South Shore Group Home IV Inc ($107k), R-12 Recovery Ministries ($107k) and Seneca Housing Corporation ($107k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.4m against liabilities of $1.4m, net assets of $940k.

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.