Community Housing Fund LLC

Analysis

Community Housing Fund LLC is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2021, 5 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, Community Housing Fund LLC reported income of $2.4m and spending of $2.9m, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $856k to $2.4m (+184%), an average of +69% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 169% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Housing Fund LLC sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Greater Metropolitan Housing Corporation ($2.4m), Historic District Development Corporation ($2.4m) and Clifton Senior Citizens Housing Corp ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 73% of the total. At year end it held assets of $104.3m against liabilities of $107.9m, net assets of -$3.7m.

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.