353-365 Housing Development Fund Company Inc
Only null% goes to programs Strong reserves Growing revenue
353-365 Housing Development Fund Company Inc is a 501(c)(3) organization based in New York, New York, registered in 2017, with $3,061,187 in FY2023 revenue. CharityIndex grades it C+.
420 5th Ave Fl 14, New York, NY, 10018 EIN 13-2840838 Since 2017
Revenue (FY2023)
$3.1M
▲ 17.8% vs prior year
Housing median: $408K
Expenses (FY2023)
$2.2M
Net assets
$5.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for 353-365 Housing Development Fund Company Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating28 mo reserves · +29% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For 353-365 Housing Development Fund Company Inc: 28 mo reserves · +29% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for 353-365 Housing Development Fund Company Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For 353-365 Housing Development Fund Company Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 420 5th Ave Fl 14, New York, NY, 10018
- City
- New York
- State
- New York
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
Financial trends
Revenue grew from $1.4M (FY2016) to $3.1M (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $11.2MNet assets $5.1M
Operating margin
29.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$16.3M
Total liabilities
$11.2M
Net assets
$5.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $3,061,187▲17.8% | $2,163,322▼4.2% | $5,068,497▲18.5% | $16,262,429▲10.5% | 990 |
| 2022 | $2,598,573▲8.3% | $2,258,204▲43.4% | $4,278,658▲8.6% | $14,717,913▲90.8% | 990 |
| 2021 | $2,398,991▼3.1% | $1,575,073▲21.4% | $3,938,289▲24.1% | $7,712,330▲11.8% | 990 |
| 2020 | $2,476,438▼49.3% | $1,297,000▼26.1% | $3,174,371▲59.1% | $6,897,601▲19.8% | 990 |
| 2019 | $4,882,497▲279% | $1,754,003▲48.2% | $1,994,933▲276% | $5,758,630▲145% | 990 |
| 2018 | $1,287,067▼5.0% | $1,183,649▼2.3% | -$1,133,561▲8.4% | $2,351,262▼13.3% | 990 |
| 2017 | $1,355,253▼2.6% | $1,211,261▲9.9% | -$1,236,979▲10.4% | $2,711,271▼3.1% | 990 |
| 2016 | $1,391,493 | $1,101,834 | -$1,380,971 | $2,797,017 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is 353-365 Housing Development Fund Company Inc a legitimate nonprofit?
- Yes. 353-365 Housing Development Fund Company Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-2840838, based in New York, New York. Donations are tax-deductible.
- What is 353-365 Housing Development Fund Company Inc's EIN?
- 353-365 Housing Development Fund Company Inc's Employer Identification Number (EIN) is 13-2840838.
- How much revenue does 353-365 Housing Development Fund Company Inc report?
- 353-365 Housing Development Fund Company Inc reported $3,061,187 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does 353-365 Housing Development Fund Company Inc have?
- CharityIndex grades 353-365 Housing Development Fund Company Inc C+, based on financial health (reserves and operating margin).
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Data for 353-365 Housing Development Fund Company Inc (EIN 13-2840838) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.