Homes on the Hill Community Development Corporation

Analysis

Homes on the Hill Community Development Corporation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Homes on the Hill Community Development Corporation reported income of $796k and spending of $870k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $607k to $796k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Homes on the Hill Community Development Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Teamsters National Pipe Line Training Fund ($796k), Greater Shreveport Chamber Foundation ($796k) and Transylvania Partnership Inc ($795k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $150k (17% of expenses). Other salaries and wages came to $259k. At year end it held assets of $2.8m against liabilities of $1.8m, net assets of $1.0m. It reported 9 employees.