Rdoor Housing Corporation

Analysis

Rdoor Housing Corporation is a registered charity in United States, based in Indianapolis, IN. 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 December 2023, Rdoor Housing Corporation reported income of $13.9m and spending of $13.3m, spending 95% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $6.0m to $13.9m (+133%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rdoor Housing Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Alaska Corporation for Affordable Housing ($13.9m), Gurwin Jewish-Fay J Lindner Residences Inc ($14.0m) and Willow Towers Inc ($13.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $217k (1.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $53.7m against liabilities of $48.4m, net assets of $5.3m. It reported 19 employees.