Choconut Creek Housing Corporation

Analysis

Choconut Creek Housing Corporation is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in June 2011, 15 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, Choconut Creek Housing Corporation reported income of $161k and spending of $314k, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $161k (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 228% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Choconut Creek Housing Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Nairobi Housing Inc ($161k), Rockland Recovery Homes Inc ($162k) and Senior Haven Apartments Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. Other salaries and wages came to $25k. At year end it held assets of $2.6m against liabilities of $4.6m, net assets of -$1.9m.

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.