CPC Norfolk Senior Housing Development Fund Corporation

Analysis

CPC Norfolk Senior 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 2022, 4 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, CPC Norfolk Senior Housing Development Fund Corporation reported income of $56k and spending of $17k, leaving 69% of income unspent that year. Over the whole period it spent 31% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, CPC Norfolk Senior Housing Development Fund Corporation sits at the 13th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Pathway Network Incorporated ($56k), Homes for Hearts ($56k) and Herscher Townhouse Inc ($56k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $66k against liabilities of $37k, net assets of $29k.