Orford Village Housing Development Corporation

Analysis

Orford Village Housing Development Corporation is a registered charity in United States, based in Manchester, CT. It received its IRS tax-exemption ruling in May 2017, 9 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, Orford Village Housing Development Corporation reported income of $789k and spending of $983k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $754k to $789k (+4.7%), an average of +1.2% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Orford Village Housing Development Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Morrow County Services for Older Citizens Inc ($789k), Hancock Hope House Inc ($789k) and Colony Lane Non-Profit Housing Corporation ($789k).

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 $5.5m against liabilities of $3.2m, net assets of $2.3m.

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.