Isla Housing and Development Corporation

Analysis

Isla Housing and Development Corporation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 1982, 44 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, Isla Housing and Development Corporation reported income of $439k and spending of $361k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $456k to $439k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Isla Housing and Development Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Opportunity Place Inc ($439k), Near East Area Renewal Inc ($439k) and Agricultural and Labor Housing Development Corp ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $54k (15% of expenses). Other salaries and wages came to $22k. At year end it held assets of $741k against liabilities of $159k, net assets of $582k. It reported 3 employees.