Houston Area Urban Community Development Corporation

Analysis

Houston Area Urban Community Development Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2010, 16 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 2022, Houston Area Urban Community Development Corporation reported income of $202k and spending of $524k, spending 260% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.3m to $202k (-85%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 65%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Houston Area Urban Community Development Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Bayonne Community Action Project Inc ($202k), Catalyst Housing Inc ($202k) and Emergency Housing and Advocacy Program Inc ($202k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 72% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $79k (15% of expenses). Other salaries and wages came to $146k. At year end it held assets of $2.3m against liabilities of $1.2m, net assets of $1.1m. It reported 3 employees.