Roxbury Development Corporation

Analysis

Roxbury Development Corporation is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in November 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Roxbury Development Corporation reported income of $163k and spending of $84k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $452k to $163k (-64%), an average of -22% a year. The sharpest change came in the year to December 2022, when income rose by 221%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Roxbury Development Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Roswell Homeless Coalition Inc ($163k), Hope House III Inc ($163k) and Magnolia Heights Housing Corporation ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 64% of the total. At year end it held assets of $3.0m against liabilities of $268k, net assets of $2.8m.