FH Homes Housing Development Fund Corporation

Analysis

FH Homes Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2024, 2 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, FH Homes Housing Development Fund Corporation reported income of $1.1m and spending of $1.4m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+5.6%), an average of +1.4% 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, FH Homes Housing Development Fund Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Palm Terrace Interfaith Housing Corp ($1.1m), Newport Millennium Housing Corporation III ($1.1m) and Keystone Place Inc ($1.1m).

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 $2.1m against liabilities of $4.5m, net assets of -$2.3m.