Arthur Elliot Avenues Housing Development Fund Corporation

Analysis

Arthur Elliot Avenues Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 2014, 12 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, Arthur Elliot Avenues Housing Development Fund Corporation reported income of $529k and spending of $600k, spending 113% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $503k to $529k (+5.3%), an average of +1.0% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arthur Elliot Avenues Housing Development Fund Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Lutheran Social Services of Central Ohio Lansing Housing Inc ($529k), Phoenix RHF Housing Inc ($530k) and Holy Family Housing Corporation ($529k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $3.1m against liabilities of $3.1m, net assets of -$22k.