Rio Hondo Community Development Corporation

Analysis

Rio Hondo Community Development Corporation is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rio Hondo Community Development Corporation reported income of $534k and spending of $460k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $442k to $534k (+21%), an average of +4.9% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rio Hondo Community Development Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Peninsula Housing Development Inc XI ($534k), Neighborhood Affordable Housing Friends Inc ($534k) and Goler Place Inc ($534k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $39k (8.5% of expenses). Other salaries and wages came to $26k. At year end it held assets of $3.5m against liabilities of $1.7m, net assets of $1.8m. It reported 2 employees.