Jonquil Development Corporation

Analysis

Jonquil Development Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 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, Jonquil Development Corporation reported income of $104k and spending of $117k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $108k to $104k (-4.2%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jonquil Development Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Judes Place Apartments Inc ($103k), Venture Villa Inc ($104k) and Le Vision Community Development Corporation ($103k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $672k against liabilities of $353k, net assets of $319k.

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.