Goodwin House Development Corporation

Analysis

Goodwin House Development Corporation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Goodwin House Development Corporation reported income of $266k and spending of $278k, spending 105% of its income. The sharpest change came in the year to September 2023, when income rose by 27%. Over the whole period it spent 219% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Goodwin House Development Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Charlottesville Public Housing Association of Residents ($266k), West Central Missouri Oaktree Villa Corporation ($266k) and Faith Village Non-Profit Housing Corporation ($266k).

At year end it held assets of $35.3m against liabilities of $0, net assets of $35.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.