Opelika Housing Development Inc

Analysis

Opelika Housing Development Inc is a registered charity in United States, based in Opelika, AL. It received its IRS tax-exemption ruling in October 2003, 23 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, Opelika Housing Development Inc reported income of $5.5m and spending of $5.9m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $5.5m (+12%), an average of +2.8% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Opelika Housing Development Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 95th percentile within AL. Charities of a similar size with the same main cause include Cathedral Arms Inc ($5.5m), Creative Housing Inc ($5.5m) and Beans Cafe Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $727k. At year end it held assets of $23.7m against liabilities of $1.7m, net assets of $22.0m. It reported 57 employees.