Concord Housing Development Corp

Analysis

Concord Housing Development Corp is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in September 2002, 24 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 September 2023, Concord Housing Development Corp reported income of $163k and spending of $52k, leaving 68% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $390k to $163k (-58%), an average of -20% a year. The sharpest change came in the year to September 2022, when income dropped by 63%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Concord Housing Development Corp sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within NH. Charities of a similar size with the same main cause include Elderwood Inc ($163k), Fernclif Housing Development Fund Company Inc ($163k) and Prairie Haven Inc ($163k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 43% of the total. At year end it held assets of $3.1m against liabilities of $686k, net assets of $2.4m.