Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp

Analysis

Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 2003, 23 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 December 2023, Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp reported income of $21.9m and spending of $21.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $22.7m to $21.9m (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Eviction Defense Collaborative Inc ($21.9m), Habitat for Humanity of San Antonio Inc ($21.9m) and Habitat for Humanity in Atlanta Inc ($21.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $258k (1.2% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $64.7m against liabilities of $33.8m, net assets of $30.9m. It reported 112 employees.