Eden Housing Inc

Analysis

Eden Housing Inc is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in August 1986, 40 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, Eden Housing Inc reported income of $56.1m and spending of $41.3m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $46.8m to $56.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 72%. 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, Eden Housing Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Quality Development and Construction Inc ($56.0m), CHN Housing Partners ($57.5m) and Vermont Housing Finance Agency ($55.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $2.6m (6.3% of expenses). Other salaries and wages came to $9.9m. It paid $38k in professional fundraising fees. At year end it held assets of $501.6m against liabilities of $36.7m, net assets of $464.9m. It reported 227 employees.