Community Lenders Community Development Corporation

Analysis

Community Lenders Community Development Corporation is a registered charity in United States, based in Souderton, PA. It received its IRS tax-exemption ruling in August 1999, 27 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 June 2024, Community Lenders Community Development Corporation reported income of $2.5m and spending of $2.4m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.4m to $2.5m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Lenders Community Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Causa Justa Just Cause ($2.5m), Housing and Education Alliance Inc ($2.5m) and Irvington Uaw Housing Corp ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $76k (3.1% of expenses). Other salaries and wages came to $18k. At year end it held assets of $57.3m against liabilities of $56.6m, net assets of $763k. It reported 2 employees.