Hfa Community Housing Development Inc

Analysis

Hfa Community Housing Development Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in November 2008, 18 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, Hfa Community Housing Development Inc reported income of $428k and spending of $592k, spending 138% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $173 to $428k (+247109%), an average of +605% a year. The sharpest change came in the year to March 2020, when income rose by 699065%. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hfa Community Housing Development Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Malone Community Center Housing Corporation ($428k), Oregon Training Institute ($428k) and Sayre Christian Village Apts II Inc ($428k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $0 against liabilities of $766k, net assets of -$766k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.