Community Homebuyers Corporation

Analysis

Community Homebuyers Corporation is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in March 1994, 32 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 December 2023, Community Homebuyers Corporation reported income of $76k and spending of $78k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $311k to $76k (-75%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 78%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Homebuyers Corporation sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within IN. Charities of a similar size with the same main cause include Faith Residence Apartments Inc ($76k), New Morning Apartments Inc ($76k) and Lucy Stone Community Cooperatives Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $315k against liabilities of $79k, net assets of $236k.