CLT Interboro CLT Housing Development Fund Corporation

Analysis

CLT Interboro CLT Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 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, CLT Interboro CLT Housing Development Fund Corporation reported income of $162k and spending of $244k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $200k to $162k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2020, when income rose by 458%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, CLT Interboro CLT Housing Development Fund Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Carbondale Senior Housing Corporation Phase IV ($162k), Apostolic Christian Prairie Villa Inc ($162k) and Cottages at Beaufort II Inc ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.4m against liabilities of $81k, net assets of $1.3m.