Hubbard Hill Estates Inc

Analysis

Hubbard Hill Estates Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in January 1977, 49 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 June 2024, Hubbard Hill Estates Inc reported income of $19.9m and spending of $21.5m, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $12.9m to $19.9m (+53%), an average of +8.9% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hubbard Hill Estates Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Linc Housing Corporation ($19.7m), Foresight Affordable Housing Inc ($19.9m) and Community Housing Capital Inc ($19.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $533k (2.5% of expenses). Other salaries and wages came to $10.2m. It paid $96k in professional fundraising fees. At year end it held assets of $48.9m against liabilities of $41.5m, net assets of $7.4m. It reported 363 employees.