Cathedral Hill Housing Corporation

Analysis

Cathedral Hill Housing Corporation is a registered charity in United States, based in Holyoke, MA. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cathedral Hill Housing Corporation reported income of $772k and spending of $782k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $671k to $772k (+15%), an average of +3.6% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cathedral Hill Housing Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Venice Senior Housing Corporation ($771k), Midwest Adoption Center Inc ($772k) and Elm Court II Inc ($771k).

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 $2.0m against liabilities of $2.5m, net assets of -$465k.

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.