Universal Housing Development Corp

Analysis

Universal Housing Development Corp is a registered charity in United States, based in Russellville, AR. It received its IRS tax-exemption ruling in December 1974, 52 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, Universal Housing Development Corp reported income of $1.9m and spending of $1.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.9m (-10%), an average of -2.7% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Universal Housing Development Corp sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within AR. Charities of a similar size with the same main cause include Vision Communities Inc ($1.9m), Episcopal Diocesan Housing Inc ($1.9m) and Missoula Manor Homes ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $146k (8.6% of expenses). Other salaries and wages came to $571k. At year end it held assets of $7.1m against liabilities of $2.5m, net assets of $4.6m. It reported 21 employees.