Framingham Housing Development Corporation II

Analysis

Framingham Housing Development Corporation II is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in January 1995, 31 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, Framingham Housing Development Corporation II reported income of $188k and spending of $160k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $188k (+4.3%), an average of +1.1% a year. 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, Framingham Housing Development Corporation II sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Affordable Housing Solutions ($188k), Nba El Redentor Apartments II ($188k) and Hosanna Home ($188k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.0m against liabilities of $259k, net assets of $1.7m.