1270 Pacific Housing Development Fund Corporation

Analysis

1270 Pacific Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2020, 6 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 June 2023, 1270 Pacific Housing Development Fund Corporation reported income of $574k and spending of $600k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $430k to $574k (+34%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1270 Pacific Housing Development Fund Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Assisi Homes - Lasalle Manor Inc ($574k), Geneva General Housing Development Fund Company Inc ($574k) and Cornerstone Community Housing Inc ($573k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $8.2m against liabilities of $8.2m, net assets of -$13k.