Home Forward Development Enterprises Corporation

Analysis

Home Forward Development Enterprises Corporation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Home Forward Development Enterprises Corporation reported income of $1.1m and spending of $4.5m, spending 410% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $806k to $1.1m (+37%), an average of +6.6% a year. The sharpest change came in the year to December 2019, when income rose by 35%. Over the whole period it spent 168% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Forward Development Enterprises Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OR. Charities of a similar size with the same main cause include Crescent Terrace Inc ($1.1m), South Bay Improvement Association ($1.1m) and Mountain Outreach Program Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $42.4m against liabilities of $1.1m, net assets of $41.2m.