Diversified Housing Development Inc

Analysis

Diversified Housing Development Inc is a registered charity in United States, based in Windsor Mill, MD. It received its IRS tax-exemption ruling in March 2006, 20 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 December 2023, Diversified Housing Development Inc reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $611k to $1.2m (+98%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Diversified Housing Development Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Steeple View Inc ($1.2m), The Mount Zion Suburban Apartments Inc ($1.2m) and Anchor Pointe Recovery Center Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Other salaries and wages came to $186k. At year end it held assets of $1.5m against liabilities of $433k, net assets of $1.0m. It reported 5 employees.