Community Housing Development Corporation

Analysis

Community Housing Development Corporation is a registered charity in United States, based in Salina, KS. It received its IRS tax-exemption ruling in August 2006, 20 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, Community Housing Development Corporation reported income of $954k and spending of $935k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $90k to $954k (+959%), an average of +225% a year. The sharpest change came in the year to December 2023, when income rose by 611%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Housing Development Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within KS. Charities of a similar size with the same main cause include Voice of the People in Uptown Inc ($954k), St Marks Senior Citizens Housing Development Fund Corp ($954k) and New Road Community Development Group of Exmore ($954k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $51k (5.5% of expenses). Other salaries and wages came to $88k. At year end it held assets of $3.1m against liabilities of $2.9m, net assets of $204k. It reported 5 employees.