Housing Association and Development Corp

Analysis

Housing Association and Development Corp is a registered charity in United States, based in Shoemakersvle, PA. It received its IRS tax-exemption ruling in September 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 June 2023, Housing Association and Development Corp reported income of $1.4m and spending of $1.0m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.4m (-1.0%), an average of -0.2% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Association and Development Corp sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Westbourne Housing Development Fund Company Inc ($1.4m), Christ the King Housing II Inc 821 S Dale Mabry ($1.4m) and Country Living Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $86k (8.5% of expenses). Other salaries and wages came to $209k. At year end it held assets of $3.5m against liabilities of $3.1m, net assets of $438k. It reported 17 employees.