Non-Profit Housing Development Corporation of Lebanon County

Analysis

Non-Profit Housing Development Corporation of Lebanon County is a registered charity in United States, based in Cleona, PA. It received its IRS tax-exemption ruling in December 1990, 36 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 December 2023, Non-Profit Housing Development Corporation of Lebanon County reported income of $4.4m and spending of $3.5m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $407k to $4.4m (+985%), an average of +82% a year. The sharpest change came in the year to December 2022, when income rose by 510%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Non-Profit Housing Development Corporation of Lebanon County sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Hope House of Milwaukee Inc ($4.4m), Sentinel Services Group Inc ($4.4m) and East L a Community Corporation ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $119k (3.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.4m against liabilities of $1.1m, net assets of $3.3m. It reported 50 employees.