Gloucester County Housing Development Corporation

Analysis

Gloucester County Housing Development Corporation is a registered charity in United States, based in Deptford, NJ. It received its IRS tax-exemption ruling in February 1996, 30 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, Gloucester County Housing Development Corporation reported income of $3.6m and spending of $498k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $3.6m (+1566%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 679%. Over the whole period it spent 42% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gloucester County Housing Development Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Bridge Northwest Development Inc ($3.6m), Preservingus ($3.6m) and Newton County Healthcare Association Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. At year end it held assets of $11.9m against liabilities of $2.0m, net assets of $10.0m.