Waukegan Housing Development Corporation

Analysis

Waukegan Housing Development Corporation is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in October 2021, 5 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 December 2023, Waukegan Housing Development Corporation reported income of $268k and spending of $129k, leaving 52% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $506k to $268k (-47%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Waukegan Housing Development Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Hijra House Association ($268k), Webster Supportive Housing Inc ($268k) and Restoration House of Lima ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (29% of expenses). At year end it held assets of $545k against liabilities of $627, net assets of $544k. It reported 38,000 employees.