Vanmew Housing Development Fund Corp

Analysis

Vanmew Housing Development Fund Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2013, 13 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, Vanmew Housing Development Fund Corp reported income of $320k and spending of $405k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $299k to $320k (+7.0%), an average of +1.7% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vanmew Housing Development Fund Corp sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Ross Valley Ecumenical Housing Asso ($320k), Attorney Street Development Inc ($320k) and Santa Barbara Housing Assistance Corporation ($320k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $51k. At year end it held assets of $1.5m against liabilities of $2.5m, net assets of -$1.0m.

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.