Cloverdale Community Housing Inc

Analysis

Cloverdale Community Housing Inc is a registered charity in United States, based in Cloverdale, IN. It received its IRS tax-exemption ruling in July 1978, 48 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, Cloverdale Community Housing Inc reported income of $189k and spending of $235k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $189k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cloverdale Community Housing Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Apostolic Temple Village Association Inc ($189k), St Ritas of Lafayette Inc ($189k) and Lenoir City Housing & Community Development Corporation ($189k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $31k. At year end it held assets of $522k against liabilities of $141k, net assets of $381k.