Eastern Ohio Housing Development Corporation

Analysis

Eastern Ohio Housing Development Corporation is a registered charity in United States, based in Bridgeport, OH. It received its IRS tax-exemption ruling in January 1995, 31 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 December 2023, Eastern Ohio Housing Development Corporation reported income of $1.1m and spending of $830k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2022, when income rose by 213%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eastern Ohio Housing 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 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Affordability Project Inc ($1.1m), Goodwin Plaza Housing Corporation ($1.1m) and Kings Manor Methodist Retirement System Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $49k (5.9% of expenses). Other salaries and wages came to $82k. At year end it held assets of $10.9m against liabilities of $7.4m, net assets of $3.5m. It reported 4 employees.