Charity Search / FORTUNE HOUSING DEVELOPMENT FUND CORPORATION
Housing & Shelter (L20) 990 on File

FORTUNE HOUSING DEVELOPMENT FUND CORPORATION

EIN: 13-4127747 · LONG ISLAND CITY, NY 11101-2822 · United States · FY 2023 Data
2 out of 5 36 / 100 Based on 2+ years of filings
Financial strength (30%) 37/100
Reliability (20%) 50/100
Effectiveness (25%) 61/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2023
$-2,002
Total Revenue
$2K
Total Expenses
$-811,919
Net Assets
0
Employees
Expense Breakdown
Program Expense Ratio 100.0%
Fundraising Efficiency N/A
Operating Reserve -4372.99x
Liability-to-Asset N/A
Revenue Diversification N/A
Compared with Peers
FY 2023
Compared with 3,196 similar organizations (United States, Housing & Shelter, under $100K in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
100.0% 84.5%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
0.0% 14.5%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
-4373.0 mo 37.4 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
-5.1% 3.8%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-98.5% 0.0%
P10P90
Expense growth
Year over year expense growth
17.8% -0.4%
P10P90
Surplus margin
Surplus as a share of revenue
211.3% 5.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $-2,002 $2K $-811,919 100.0% 0
2022 $-132,171 $2K $-807,689 0.0% 0
2021 $-154,665 $2K N/A — 0
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Organization Details
EIN
13-4127747
State
NY
City
LONG ISLAND CITY
ZIP
11101-2822
Classification
L20
Category
Housing & Shelter
Rating
2★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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