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Nazareth House Housing Development Fund Corporation

EIN 52-2264227 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak10 out of 100GovernanceStrong94 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

NAZARETH HOUSE HDFC IS COMMITTED TO PROVIDING PERMANENT AFFORDABLE HOUSING TO LOW-INCOME HOUSEHOLDS. THE BUILDING MAINTAINS 15 ONE OR TWO BEDROOM APARTMENTS FOR QUALIFYING HOUSEHOLDS WHOSE INCOME IS LESS THAN 50% OR 60% OF THE AREA MEDIAN INCOME AS DETERMINED BY HUD.

Income
$178,376
Spending
$305,969
Spent on programs
62%
Reserves
-43.1 months of spending
Largest source of income
fees for its services, 64%
Employees
0
Volunteers
5
Highest pay
$164,941, executive director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 10 out of 100. Higher than 5% of charities in its peer group (housing, under $250k).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 98% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 72% of income.

  • Income trend

    0 of 15

    Income fell 27% on the year before.

  • Spending floor

    8 of 15

    62% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 94 out of 100. Higher than 80% of charities in its peer group (housing, under $250k).

  • Independent board

    25 of 25

    5 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $188,716 spent. SEE SCHEDULE ONAZARETH HOUSE, HDFC (ALSO REFERRED TO AS MARION AGNES HOUSE, AFTER ITS FOUNDER) PROVIDES FIFTEEN PERMANENT AFFORDABLE APARTMENTS TO FORMERLY HOMELESS FAMILIES AND INDIVIDUALS. ITS ADJOINING PROGRAM SPACE HOSTS LOUISE'S PANTRY, OUR FOOD PANTRY WHICH SERVES UP TO 220 HOUSEHOLDS PER WEEK. RESIDENTS OF THE BUILDING BENEFIT FROM NEARBY PROGRAMMING AND SERVICES OFFERED OUT OF NAZARETH HOUSING, INC'S OFFICE AT 1 HAVEN PLAZA/200 AVENUE C. THESE INCLUDE THE ADJUCENT FOOD PANTRY, SUPPORTIVE CASE MANAGEMENT, HOUSING COUNSELING, FINANCIAL EMPOWERMENT AND BENEFITS ENROLLMENT. THE HOUSING PROVIDED BY NAZARETH HOUSE HDFC ALLOWS OUR LOW-INCOME RESIDENTS TO REMAIN IN THEIR COMMUNITY.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2001.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.