Community Housing Concepts Inc

Analysis

Community Housing Concepts Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Housing Concepts Inc reported income of $9.5m and spending of $10.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.0m to $9.5m (-63%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. 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, Community Housing Concepts Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Hvaf of Indiana Inc ($9.5m), Next Step Strategies Inc ($9.6m) and View at Goodwin Living LLC ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 24% of the total. At year end it held assets of $89.9m against liabilities of $45.8m, net assets of $44.2m.

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.