Proctor Community Housing Corporation

Analysis

Proctor Community Housing Corporation is a registered charity in United States, based in Chelsea, MA. It received its IRS tax-exemption ruling in April 2000, 26 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 June 2024, Proctor Community Housing Corporation reported income of $88k and spending of $124k, spending 140% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $72k to $88k (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Proctor Community Housing Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Autumn Village Inc ($88k), LH Homes II Inc ($88k) and Sonoma Maple & Schuyler Tenants Association Inc ($88k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $601k against liabilities of $1.1m, net assets of -$488k.

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.