Community Resources & Housing Development Corporation

Analysis

Community Resources & Housing Development Corporation is a registered charity in United States, based in Westminster, CO. It received its IRS tax-exemption ruling in August 1971, 55 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 March 2023, Community Resources & Housing Development Corporation reported income of $6.8m and spending of $7.9m, spending 117% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $5.9m to $6.8m (+15%), an average of +3.7% a year. The sharpest change came in the year to March 2021, when income dropped by 29%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Resources & Housing Development Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Community Housing of Maine Inc ($6.8m), Residential Support Services ($6.8m) and Independent Environments Inc ($6.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 51% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $151k (1.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $40.0m against liabilities of $21.0m, net assets of $19.0m. It reported 52 employees.