Kankakee County Housing Developmentcorporation NFP

Analysis

Kankakee County Housing Developmentcorporation NFP is a registered charity in United States, based in Kankakee, IL. It received its IRS tax-exemption ruling in February 2010, 16 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, Kankakee County Housing Developmentcorporation NFP reported income of $1.0m and spending of $1.2m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $873k to $1.0m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kankakee County Housing Developmentcorporation NFP sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Pineridge Brook Corp ($1.0m), Penwal Affordable Housing Corporation ($1.0m) and Hazel Park Non Profit Apartments Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.9m against liabilities of $661k, net assets of $2.3m.

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.