Connecticut Housing and Development Corporation

Analysis

Connecticut Housing and Development Corporation is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 2005, 21 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, Connecticut Housing and Development Corporation reported income of $1.3m and spending of $1.9m, spending 152% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.0m to $1.3m (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Connecticut Housing and Development Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Suncoast Christian Housing ($1.3m), Rebuilding Together North Central Florida Inc ($1.3m) and Habitat for Humanity International Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. At year end it held assets of $26.6m against liabilities of $302k, net assets of $26.3m.