Trumbull Housing Development Corporation

Analysis

Trumbull Housing Development Corporation is a registered charity in United States, based in Warren, OH. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Trumbull Housing Development Corporation reported income of $604k and spending of $760k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $487k to $604k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2023, when income rose by 35%. 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, Trumbull Housing Development Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Hope Village - Tiny Housing Alternatives Inc ($604k), Crown Heights Residence for Adults Housing Development Fund Corp ($604k) and Compassionate Hands ($604k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 65% of the total. Other salaries and wages came to $27k. At year end it held assets of $12.4m against liabilities of $898k, net assets of $11.5m.