Virginia Housing and Community Development Corporation

Analysis

Virginia Housing and Community Development Corporation is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in December 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 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, Virginia Housing and Community Development Corporation reported income of $128k and spending of $144k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $41k to $128k (+212%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Virginia Housing and Community Development Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include Providence Place Carthage I Inc ($128k), Providence Place Robbins ($128k) and Village of Hope Inc ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 13% of the total. Other salaries and wages came to $37k. At year end it held assets of $511k against liabilities of $371k, net assets of $140k. It reported 5 employees.