CCRC Development Corporation

Analysis

CCRC Development Corporation is a registered charity in United States, based in Oviedo, FL. It received its IRS tax-exemption ruling in September 2014, 12 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 2022, CCRC Development Corporation reported income of $6.2m and spending of $12.1m, spending 194% of what it took in. The sharpest change came in the year to December 2022, when income rose by 146544%. Over the whole period it spent 230% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, CCRC Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include North Shore Community Development Coalition Inc ($6.2m), Episcopal Retirement Services ($6.2m) and Valley Residential Services ($6.2m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 95% of the total. At year end it held assets of $212.0m against liabilities of $232.6m, net assets of -$20.6m.

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.