Oneholyoke Community Development Corporation

Analysis

Oneholyoke Community Development Corporation is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in August 1972, 54 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 2022, Oneholyoke Community Development Corporation reported income of $3.0m and spending of $3.0m, spending 99% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $2.3m to $3.0m (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2020, when income rose by 25%. 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, Oneholyoke Community Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.0m), Congretational Retirement Homes III Inc ($3.0m) and San Francisco Community Investment Fund ($3.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 6.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $101k (3.4% of expenses). Other salaries and wages came to $528k. At year end it held assets of $4.7m against liabilities of $938k, net assets of $3.8m. It reported 12 employees.