Central City Housing Development Corporation

Analysis

Central City Housing Development Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2018, 8 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 2024, Central City Housing Development Corporation reported income of $606k and spending of $656k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $436k to $606k (+39%), an average of +8.6% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Central City Housing Development Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Afforda ($606k), Ahepa 3 Inc ($606k) and Keystone Development LLC ($606k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $116k. At year end it held assets of $2.7m against liabilities of $2.6m, net assets of $88k. It reported 3 employees.