Auburn Housing Development Corporation

Analysis

Auburn Housing Development Corporation is a registered charity in United States, based in Auburn, ME. It received its IRS tax-exemption ruling in December 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 March 2024, Auburn Housing Development Corporation reported income of $79k and spending of $127k, spending 160% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $710k to $79k (-89%), an average of -42% a year. The sharpest change came in the year to March 2021, when income dropped by 88%. 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, Auburn Housing Development Corporation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 24th percentile within ME. Charities of a similar size with the same main cause include Cje Foundation Inc ($79k), Willowview Inc ($79k) and Community Apartments Corporation of Haywood County ($79k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 92% of the total. Other salaries and wages came to $45k. At year end it held assets of $866k against liabilities of $569k, net assets of $297k. It reported 1 employees.