Valley Housing Development Corporation

Analysis

Valley Housing Development Corporation is a registered charity in United States, based in Emmaus, PA. It received its IRS tax-exemption ruling in February 1988, 38 years ago. 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, Valley Housing Development Corporation reported income of $4.8m and spending of $6.1m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.8m (+87%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 198%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Housing 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 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Camp Camino Inc ($4.8m), Aspira Inc de Puerto Rico ($4.8m) and St Josephs Foundation of San Joaquin ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. At year end it held assets of $20.8m against liabilities of $19.5m, net assets of $1.4m.