Nycha II Housing Development Fund Corporation

Analysis

Nycha II Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2011, 15 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, Nycha II Housing Development Fund Corporation reported income of $480k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $69.2m to $480k (-99%), an average of -71% a year. The sharpest change came in the year to December 2022, when income dropped by 99%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nycha II Housing Development Fund Corporation sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Urm Support Corporation ($480k), Victoria Jennings Residences Ltd ($480k) and Regency Retirement Residence of Laramie ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 9.2% of the total. At year end it held assets of $19.5m against liabilities of $37k, net assets of $19.5m.