Glendale Housing Development Corporation

Analysis

Glendale Housing Development Corporation is a registered charity in United States, based in Keene, CA. It received its IRS tax-exemption ruling in April 2004, 22 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, Glendale Housing Development Corporation reported income of $455k and spending of $577k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $455k (+29%), an average of +6.6% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glendale Housing Development Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Brighter Behavior Choices Inc NFP ($455k), RJ Barrett Manor Housing Development Fund Co Inc ($455k) and Cantebria Senior Homes ($455k).

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 $4.4m against liabilities of $646k, net assets of $3.7m.

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.