SVDP I Housing Corp

Analysis

SVDP I Housing Corp is a registered charity in United States, based in West Chicago, IL. It received its IRS tax-exemption ruling in November 2004, 22 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, SVDP I Housing Corp reported income of $126k and spending of $180k, spending 143% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $115k to $126k (+9.0%), an average of +2.9% a year. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, SVDP I Housing Corp sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Athens Homeless Propertycorporation ($126k), Key Homes Inc ($126k) and Villa de Lucas Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 95% of the total. At year end it held assets of $1.5m against liabilities of $1.4m, net assets of $75k.

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.