Veterans Housing Development Corporation

Analysis

Veterans Housing Development Corporation is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Veterans Housing Development Corporation reported income of $338k and spending of $627k, spending 186% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $1.8m to $338k (-81%), an average of -57% a year. The sharpest change came in the year to December 2021, when income dropped by 70%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Veterans Housing Development Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Gurnani Foundation ($337k), Hillcrest Healthcare Foundation ($338k) and NJ Kkottongnae Inc ($337k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 0.1% and program service revenue 59% of the total. At year end it held assets of $12.0m against liabilities of $10.8m, net assets of $1.1m.