Hoosier Valley Housing Corporation

Analysis

Hoosier Valley Housing Corporation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 1985, 41 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Hoosier Valley Housing Corporation reported income of $498k and spending of $497k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $460k to $498k (+8.4%), an average of +2.0% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hoosier Valley Housing Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include St Paul Church of God in Christ Community Development Ministries ($498k), Mhany Mother Gaston Housing Development Fund Corporation ($499k) and Albany Rescue Mission Inc ($498k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $1.5m against liabilities of $1.9m, net assets of -$418k.