Union Housing Development Corporation

Analysis

Union Housing Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1990, 36 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, Union Housing Development Corporation reported income of $250k and spending of $361k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $295k to $250k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Union Housing Development Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Peacemakers Love Foundation ($249k), Station Hill Inc ($250k) and Tonis House Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $63k. At year end it held assets of $6.2m against liabilities of $0, net assets of $6.2m. It reported 2 employees.