Rockvale Community Housing Corporation

Analysis

Rockvale Community Housing Corporation is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in July 2001, 25 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, Rockvale Community Housing Corporation reported income of $390k and spending of $292k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $390k (+46%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rockvale Community Housing Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Luther Towers IV of Dover Inc ($390k), Adirondack Community Housing Trust ($390k) and Smith Thomas Inc ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 34% of the total. At year end it held assets of $1.7m against liabilities of $1.9m, net assets of -$144k.