Fields Corner Housing Corporation

Analysis

Fields Corner Housing Corporation is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in February 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fields Corner Housing Corporation reported income of $212k and spending of $324k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $212k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to December 2020, when income rose by 223%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fields Corner Housing Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include The Ginger Ford-Northshore Fuller Center for Housing Inc ($212k), Association Properties Inc ($212k) and Tachs Property Development ($212k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $4.2m against liabilities of $5.3m, net assets of -$1.1m.

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.