Will County Housing Developmentcorporation NFP

Analysis

Will County Housing Developmentcorporation NFP is a registered charity in United States, based in Joliet, IL. It received its IRS tax-exemption ruling in March 2008, 18 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, Will County Housing Developmentcorporation NFP reported income of $1.2m and spending of $688k, leaving 41% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $956k to $1.2m (+21%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 1057%. Over the whole period it spent 31% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Will County Housing Developmentcorporation NFP sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Second Farms Neighborhood Housing Development Fund Inc ($1.2m), Haven House of Montrose Inc ($1.2m) and Portland Affordable Housing Preservation Trust ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 52% of the total. Other salaries and wages came to $135k. At year end it held assets of $16.4m against liabilities of $2.6m, net assets of $13.9m. It reported 4 employees.