PH Affordable Housing Fund Inc

Analysis

PH Affordable Housing Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2019, 7 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, PH Affordable Housing Fund Inc reported income of $396k and spending of $473k, spending 120% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $323k to $396k (+23%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, PH Affordable Housing Fund Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Ryder Village II Inc ($396k), Kimble-Dover Street Apartments Inc ($396k) and Farrell-Bell Senior Housing Apartments Inc ($395k).

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 $60.1m against liabilities of $59.8m, net assets of $321k.