Dona Petra Santiago Apartments Housing Development Fund Corp

Analysis

Dona Petra Santiago Apartments Housing Development Fund Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2009, 17 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, Dona Petra Santiago Apartments Housing Development Fund Corp reported income of $616k and spending of $1.0m, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $600k to $616k (+2.6%), an average of +0.7% a year. Over the whole period it spent 166% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dona Petra Santiago Apartments Housing Development Fund Corp sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Hui Kauhale Inc ($616k), Damascus House Community Development Corporation ($616k) and Oakland Elizabeth House ($616k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10.6m against liabilities of $15.0m, net assets of -$4.3m.

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.