Housing Works 2605-2609 Pitkin Housing Development Fund is a 501(c)(3) organization based in Brooklyn, New York, registered in 2002, with $86,250 in FY2023 revenue. CharityIndex grades it D.
Revenue (FY2023)
$86K
▲ 3.0% vs prior year
Housing median: $408K
Expenses (FY2023)
$91K
Net assets
-$259K
Employees
—
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 Housing Works 2605-2609 Pitkin Housing Development Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Housing Works 2605-2609 Pitkin Housing Development Fund: 0 mo reserves · -6% margin earns a F on this criterion. See the exact thresholds →
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 Housing Works 2605-2609 Pitkin Housing Development Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Housing Works 2605-2609 Pitkin Housing Development Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue declined from $108K (FY2009) to $86K (FY2023) across 12 reported years.
Financial snapshot
Operating margin
-5.6%
Spent more than it raised in the latest fiscal year.
Total assets
$2.0M
Total liabilities
$2.2M
Net assets
-$259K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $86,250▲3.0% | $91,071▲75.5% | -$258,638▼1.9% | $1,962,967▲26.7% | 990 |
| 2022 | $83,738▲3.2% | $51,893▼7.4% | -$253,817▲11.1% | $1,548,863▲1.8% | 990 |
| 2021 | $81,130▼29.9% | $56,065▲8.3% | -$285,662▲8.1% | $1,521,797▼2.0% | 990 |
| 2020 | $115,710▲51.0% | $51,769▼31.9% | -$310,727▲17.1% | $1,553,225▲135% | 990 |
| 2019 | $76,632▲3.0% | $76,007▼11.6% | -$374,668▲0.2% | $660,653▼5.6% | 990 |
| 2018 | $74,400▼4.6% | $85,997▲47.1% | -$375,293▼3.2% | $699,680▼4.9% | 990 |
| 2017 | $78,016▲335% | $58,465▼32.5% | -$363,696▲5.1% | $735,847▼17.0% | 990 |
| 2016 | $17,915▼85.5% | $86,638▼63.6% | -$383,247▼21.8% | $886,840▼7.5% | 990 |
| 2015 | $123,826▲14.3% | $238,043▲44.5% | -$314,524▼57.0% | $958,747▼4.3% | 990 |
| 2014 | $108,313▲13.2% | $164,689▼11.3% | -$200,307▼39.2% | $1,002,115▼4.7% | 990 |
| 2013 | $95,643 | $185,622▲111% | -$143,931▼167% | $1,051,480▲22.8% | 990 |
| 2012 | — | $88,062▼28.2% | -$53,952▼12.4% | $855,922▲32.0% | 990 |
| 2009 | $107,708 | $122,607 | -$48,008 | $648,530 | 990EZ |
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.
Explore more
Data for Housing Works 2605-2609 Pitkin Housing Development Fund (EIN 30-0055831) 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.